How the platform works — step by step
The complete seller and buyer journey: from verification and deposits, through the live trading room, to the fall of the hammer and legal ownership transfer.
Preparation and verification — for seller and buyer
No user can touch the bidding engine unless they are a real entity, financially backed and documented in the database.
Buyer journey: identity verification (KYC)
No buyer can bid until their identity is fully verified through Verify Pro™ Level 2 and their financial capacity is proven — ensuring a serious bidding community.
Buyer registration deposit: 1.0% (minimum EGP 5,000) — returned immediately to losing bidders and counted toward the property price for the winner.
Seller journey: listing and smart assessment
The seller sets the opening price and the (secret) reserve price, and ThinkDar AI reviews the listing: market anomalies, pricing realism and seller history — to prevent price manipulation and ensure property quality.
Seller security deposit: 0.5% (minimum EGP 2,000) to confirm seriousness, returned upon successful completion of the sale.
Three locks before the ‘Bid’ button
Identity
Passing Verify Pro™ Level 2 — a real identity documented in the database.
Financial capacity
Upload proof of available funds or financing pre-approval (optional according to the seller's request).
Commitment
Transfer the deposit amount to XeedWallet Escrow — only then is the bidding engine opened for you.
💡 Register before closing congestion — registration activation requires management review of the proof-of-funds document.The live auction begins
A precise server-synchronised countdown, a live bid history with encrypted identities and rapid bidding tools.
Quick-bid buttons
Increase the highest bid with one click (+5K / +10K / +50K) from the control panel inside the trading room.
Automatic bidding (Auto-Bid)
Set your maximum, and the system bids for you with the smallest possible increase to beat competitors — in fractions of a second, with a programmed maximum depth to protect server stability.
Anti-sniping engine
Any bid in the final minutes automatically extends the auction (usually 5 minutes, with a maximum of 3 extensions) — deals cannot be stolen in the final second, and the seller gets the best price.
The hammer falls: settlement and decision logic
Green path — reserve price reached
If the highest bid is greater than or equal to the reserve price: the winner screen launches the celebration, and the decisive 48-hour payment countdown begins immediately.
Orange path — reserve not reached
The seller dashboard presents two options: accept the best offer or relist. In both cases, refundAllLosers is triggered to immediately return the 1% deposit to every losing participant's wallet.
Winner invoice — clear to the last pound
| Item | Value |
|---|---|
| Winning bid | [X,XXX,XXX] EGP |
| Deduct the previously held security deposit (1%) | − [X,XXX] EGP |
| Add platform commission (2%) | + [X,XXX] EGP |
| Total amount due | [X,XXX,XXX] EGP |
🔒 The initial deposit is now restricted in the escrow account and cannot be reversed. Your money remains held in XeedWallet Escrow and is not delivered to the seller until ownership is legally transferred.
What if the winner does not pay? (Ironclad Forfeiture)
If the 48-hour period expires without payment, forfeitWinner is triggered irreversibly:
| Item | Action |
|---|---|
| Winner payment period | 48 hours |
| Non-payment penalty | Buyer deposit forfeiture (1%) |
| Forfeited deposit distribution | 50% to the seller as time compensation / 50% to the platform |
| Next step | The system immediately lets the seller promote the runner-up to win, or relist the property for auction |
| Platform commission on success | 2% of the final sale value |
⚠️ The deposit is refundable if you do not win, but you are committed to buy if you win — bid responsibly.
From the digital click to physical ownership
Six documented stages, with two parallel interfaces: the seller tracks release of proceeds, and the buyer tracks the deed and keys.
Secure the payment
The winner's funds are fully locked in Escrow — they have not reached the seller yet.
Assign a specialist lawyer
The platform automatically creates the task and assigns a lawyer from the Kemework network to both parties.
Draft contracts
Prepare sale and documentation contracts (2–5 business days).
Signatures
Digital / physical signatures from both parties on the final contracts.
Transfer the title deed
Official registration at the real estate registry in the winning buyer's name.
Release funds and hand over keys
Only after legal completion: funds are released from escrow to the seller, and the keys are handed to the buyer.