#AppleCryptoUpdate Bidding Method:

Participants can take advantage of the full features of the Pi blockchain, which is a claimable balance feature that allows them to send their Pi coins as bids on a domain in a reversible manner. This means they can withdraw the amount they previously bid at any time before the auction ends.

Shortly after the auction is launched, individuals who own Pi coins only through trading platforms will be able to participate in the auction. And because trading platforms do not support the claimable balance, the process will be different. In these cases, the auction user interface will create a dedicated Pi address for each domain they wish to bid on (these addresses will start with the letter "M"). These individuals will then be able to send Pi coins to those addresses as bids. Since these bids are executed as standard payments, no refunds will be processed until after the auction ends. As for transferring ownership of the domain to these winners, it will not...