📄️ Generating Keys and Addresses
To start, clone the plutus-tx-template repository into the on-chain directory.
📄️ Getting Funds from the Faucet
Next, we'll need to fund the wallet of each participant (seller, bidder1 and bidder2), in order to cover transaction fees and place bids.
📄️ Minting the Token to be Auctioned
Before we can start the auction, we need to mint a token to be auctioned.
📄️ Placing Bids
Now we can start bidding.
📄️ Closing the Auction
Once the auction's end time has elapsed, a transaction can be submitted to finalize the auction, distributing the token and the highest bid accordingly.