Auction Rules
Last updated: 16 March 2026
These Auction Rules explain how the bidding system works on the KEMTO platform.
1. Auction Listings
Sellers can list products for auction by providing accurate descriptions, images, and starting bid prices.
All listed items must be legal and comply with platform policies.
2. Bidding Process
Buyers can place bids on active auctions.
Each new bid must be higher than the previous bid according to the minimum bid increment set by the platform.
3. Winning the Auction
When the auction timer ends, the highest bidder will be declared the winner of the auction.
The winning buyer must complete the payment within the time period specified on the platform.
4. Payment Obligation
By placing a bid, the buyer agrees to purchase the item if they become the highest bidder when the auction ends.
Failure to complete payment may result in account suspension or penalties.
5. Seller Responsibilities
Sellers must deliver the product as described in the listing after successful payment by the buyer.
Providing false descriptions or misleading information may result in account suspension.
6. Auction Cancellation
KEMTO reserves the right to cancel auctions if suspicious activity, rule violations, or technical issues are detected.
7. Platform Moderation
KEMTO moderators may review listings, bids, or disputes to ensure fair use of the platform.
8. Policy Updates
KEMTO may update auction rules at any time to improve platform fairness and security.