In this section we describe the processing of the auction messages and the corresponding updates to the state.
An auction basket from a given round is bid upon by using the
Msg/Bid service message.
This service message is expected to fail if:
Rounddoes not equal the current auction round
BidAmountdoes not exceed the previous highest bid amount by at least
This service message transfers the
BidAmount of INJ from the
Sender to the auction module, stores the bid, and refunds the last bidder's bid amount.