# Auctions

This is only available during the Auction phase of [Fair Launch](/hyperliquid-names/fair-launch.md).

## Auction flow chart

A name auction begins whenever someone places the first bid. 

Auctions run for **31 hours**, and the end time is **extended by 1 hour** whenever a bid is placed in the **last 5 hours**.

When an auction ends, either the winner can claim the auction, or someone else can mint the name for the winner and help free a slot in the max auctions.

<figure><img src="/files/laKtP8ltXq5kuunSOGEs" alt=""><figcaption><p>Auction flow chart</p></figcaption></figure>

## Auctions page

View all auctions on the [Auctions page](https://app.hlnames.xyz/auctions).

<figure><img src="/files/jEkcmcOG6WrpUoanYc6m" alt=""><figcaption><p>Auctions Page</p></figcaption></figure>

## How to place an auction

1. Search for a name at <https://app.hlnames.xyz/>&#x20;

<figure><img src="/files/JK17p15chM59X0chKqAv" alt=""><figcaption><p>Search for a name</p></figcaption></figure>

2. The minimum starting bid is **1 HYPE** and the total USD amount is calculated for you.

<figure><img src="/files/NIVGU6kRCcTOhdqlgPD9" alt=""><figcaption><p>Starting an auction</p></figcaption></figure>

3. The auction will run for **31 hours**. New bids must be at least **.01 HYPE** more than the current bid.&#x20;

<figure><img src="/files/eFtEoRdp4e93Dj5RaE41" alt=""><figcaption><p>Auction in progress</p></figcaption></figure>

4. Once the **auction has ended**, the winner can claim the name! If you are not the winner, you can still mint the name for the winner and help free a slot so more auctions can be started🙏

<figure><img src="/files/pJkJ00pMQFAfeqFk9etx" alt=""><figcaption><p>You won the auction</p></figcaption></figure>

<figure><img src="/files/GUuA0JTgVevvBPFwx4HF" alt=""><figcaption><p>Mint for the winner</p></figcaption></figure>


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