The Protocol
HOW IT WORKS
SET YOUR MAXIMUM
Choose the most you're willing to pay. No bidding wars or impulse escalation.
LOCK YOUR BID
A commitment hash is recorded on BNB Chain. Your wallet and deposit remain public; a higher deposit can keep your exact maximum from being inferred.
REVEAL & SETTLE
After reveal, the highest valid bid wins and pays that bid. The contract records the outcome and seller fee split.
Why VEILIO
DON'T BID AGAINST THE SCREEN.
Commit–reveal prevents bidders from reacting to revealed bid values during the commit phase. Wallet addresses and escrow deposits remain public, and bids become public during reveal.
WHY ON-CHAIN
IMMUTABLE
Commitments cannot be silently changed, backdated, or tampered with once stored on BNB Chain.
TRANSPARENT
The contract applies winner, fee, and refund rules. Sellers and bidders withdraw their credited balances from the contract.
VERIFIABLE
Auction state, commitments, revealed bids, and completed settlement fields can be inspected on BNB Chain.