> For the complete documentation index, see [llms.txt](https://docs.bounce.finance/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.bounce.finance/user-guide/nft-dutch-auction-guides.md).

# NFT Dutch Auction Guides

In the Bounce NFT Dutch auction, the price of an NFT starts at an initial price (the ceiling price) and drops by a fixed amount periodically (eg., 0.1 ETH every 10 minutes). 

The NFT Dutch auction ends when a user bids the current price.