> For the complete documentation index, see [llms.txt](https://hyperliquid-names.gitbook.io/hyperliquid-names/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://hyperliquid-names.gitbook.io/hyperliquid-names/how-to/auctions.md). # 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.

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

## How to place an auction 1. Search for a name at

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

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

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🙏