> For the complete documentation index, see [llms.txt](https://docs.blaze.ninja/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.blaze.ninja/introduction/token/auction-basket.md).

# Auction Basket

<figure><img src="/files/6DWMNjWmXYoFKMrBS3AS" alt=""><figcaption></figcaption></figure>

Auction Basket is the **community-driven buy-back mechanism**. This system ensures that the platform’s success translates directly into benefits for $NBZ holders. Here’s how it works:

1. **Weekly Auctions:** Part of revenue generated is placed in the Auction Basket, where users can bid using $NBZ tokens. The highest bid wins.
2. **Token Burning:** $NBZ tokens used in the winning bid are burned, decreasing the circulating supply.
3. **Liquidity and Value Growth:** This mechanism enhances liquidity and ties the token’s value to the platform’s growth and adoption.

### Example (illustrative amounts): <a href="#c95d" id="c95d"></a>

* During a week, platform revenue was 1,000 INJ.
* This entire amount is placed in the Auction Basket.
* $NBZ holders bid their tokens in an auction. At the end the highest bid is equal to 200,000 $NBZ.
* The highest bidder wins 1,000 INJ.
* 200,000 $NBZ tokens from the winning bid are burned.

This process repeats weekly, creating a consistent cycle of value generation.<br>