F.A.Q

Project’s information is available on the bidding interface. You can access all the certification documentation on the projects’ Gold Standard registry page by following the link indicated in each lot’s description.

A bid can be placed either by inputting a single bid amount or through automatic bidding. To set up the automatic bidding, enter the floor and maximum amounts you’d like to pay for the selected lot, and press “Set max bid”. To keep you in the lead, the system will automatically bid on your behalf in increments of $0.05, up to the maximum amount inputted. In case your maximum bid gets out-bided, you will be immediately notified to give you the opportunity to increase the maximum amount of your bid.

No, once placed, bids are not revokable. Bidders awarded a winning bid are legally bound to purchase the volume of VERs at the bid price.

All bidders will be notified by email on closing of the auction. Bidders that will have submitted the highest bids for each independent lot will be awarded the VERs at bid price. Winning bidders will be contacted within 1 working day after closing of the auction.
A notification will be sent to all the bidders within 2 working days after closing of the auction to inform all participants of the winning bids.

BURN will issue an invoice and send it by email to the winning bidders within 2 working days from the closing of the auction.

Payments for the winning bid shall be made within 5 working days of the reception of the invoice from BURN. Payments can be made by bank transfer, preferably in USD.

If a winning bidder cannot make payment within the allotted time, the lot will be awarded to the next highest bid.

BURN will transfer or retire the VERs within 2 working days after reception of the payment. If the bidder owns a GS Account, BURN will transfer the credits to the Account number shared by the bidder. In the case the bidder doesn’t own a GS Account, the credits will be retired form BURN’s account on behalf of the bidder.