Regarding dutch auction

Hi

I hope this message finds you well. I am reaching out to inquire about the availability of a genuine Dutch auction functionality within your auction platform.

I am particularly interested in a feature that facilitates a genuine Dutch auction, where buyers compete to lower the price rather than raise it. In this type of auction, there is no traditional bidding process; instead, participants submit offers to purchase at the price displayed. The auctioneer gradually reduces the price until a buyer accepts the current price, at which point the auction ends, and the buyer secures the item.

I understand that in a genuine Dutch auction, the price reduction is transparent and visible to all participants, fostering a competitive environment. Furthermore, bidding occurs without direct communication between participants, ensuring anonymity and fairness.

Could you please provide information on whether your platform offers such functionality? If so, I would greatly appreciate further details on how it operates and how it can be integrated into our auction process.

Thank you in advance for your assistance. I look forward to hearing from you soon.

Best regards,