Market terms

1. Who runs the market

The market is run by HNTED (a trading name), Melbourne, Victoria ("HNTED", "we"). Contact: hnted.contact@gmail.com.

2. What is sold

• Each object has a Standard Issue: a numbered edition of identical units. Some units are released at each capsule's surface. The market sells the units released at that surface.
• The edition size and the number of units each surface are shown on the object's page. Those figures are accurate and are never increased.
• The capsule release - the single piece inside each capsule - is never sold and is not part of the market.

3. Taking part

• You need a shard released for that capsule. Shards are found during the hunt. They are never sold.
• One shard per person. A card can bid through only one shard in each market. We may refuse or cancel bids made by one person through more than one shard.
• A shard code works for whoever holds it. Keep it private. We are not responsible for bids made by someone you shared your code with.
• The card you use must be yours, or you must have the cardholder's permission to use it.

4. How bidding works

1. Live. The market shows the bids currently holding units, highest first. Anyone can watch; only a shard can bid. The lowest of them is the line. A bid beats the line by one of the steps shown: $1, $5 or $10 while the lowest bid is under $50; $5, $10 or $20 from $50 to $199; $10, $25 or $50 from $200. Bidding starts at $1. Each shard has one live bid at a time.
2. Below the line. If someone bids higher, your bid drops below the line and you may bid again.
3. Blackout. 24 hours before the capsule surfaces, bids are hidden. Every shard that bid before then may place one sealed bid (a "final offer"). It must be higher than that shard's bid. Whether it is enough for a unit to be allocated to it is for the bidder to judge. A final offer cannot be changed or withdrawn. No one - including HNTED - sees final offers until bidding ends.
4. End of bidding. Bidding ends 1 hour before the capsule surfaces.
5. Ranking. Each shard's final offer, or its live bid if it made no final offer, is ranked from highest to lowest. The units released at that surface are allocated to the highest. The advantage: a shard that held a unit when the market went dark is a unit holder. A unit holder's bid is ranked at its worth: its sealed bid - or the live bid it held the unit at, if it placed no sealed bid - plus 10% (minimum $10), rounded up to the next whole dollar. To rank above a unit holder, another shard must bid more than that worth; an equal bid ranks the unit holder higher. For example: a unit holder whose sealed bid is $27 is worth $37, so $38 is needed; $142 is worth $157, so $158. The amounts shown when the market went dark are only where bids last stood; sealed bids are hidden and may be higher. Otherwise, where two are equal, the one entered first ranks higher. Each allocated shard pays its own bid.
6. Allocation. After bidding ends, nothing is decided until the allocation is released. HNTED releases it at the capsule, when the surface event begins, and every shard receives its result at the same moment.
7. If the capsule's surface moves, these times move with it. The current times are always shown in the market. A blackout that has started is never undone.

5. A bid is an offer to buy

• Each bid and final offer is an offer to buy one unit at that amount, if a unit is allocated to it. If one is, you agree to pay that amount when you receive the unit.
• You pay exactly what you offered - not the next offer's amount.
• While your shard holds a unit during the live phase, its bid cannot be withdrawn. A shard that has lost its unit may leave the market while it is live; its card is then removed.

6. Payment

• Prices are in Australian dollars, in whole dollars. HNTED is not registered for GST, so no GST is charged.
• Payments are handled by Stripe. Your card is entered into Stripe's own form; HNTED never sees or stores your card number.
• Your card is saved at your first bid. Bidding never charges it.
• If a unit is allocated to your shard, the amount is held on your card at the moment the allocation is released. A hold reserves the money and may show on your statement; it is not a charge.
• The card is charged only when the unit is handed to you in person. A receipt is emailed then.
• If the hold is declined, the unit is still allocated to you. Your card is charged again when you come forward to receive it; if that charge is declined, the unit passes to the next offer.
• If no unit is allocated to you, nothing is held or charged. Saved cards are removed after the market finishes.

7. Receiving a unit

• Units are received only at the capsule, during the surface event. Show your allocation screen and your shard. Nothing is posted, shipped or held for later.
• If you do not come forward to receive it, the unit passes to the next offer, your hold is released and nothing is charged.
• If a unit passes to you this way, nothing is held on your card beforehand. Your offer is charged when the unit is handed to you. If the charge is declined, the unit passes to the next offer.
• After receiving it, register the unit by tapping its tag, as with every object on the record.

8. Changes and cancellation

• If a surface or a market is cancelled, every hold is released and nothing is charged.
• If a fault in the market's systems affects a result, we may cancel the affected bids, or the market, and release all holds. We will not change an allocation for any other reason.
• We never create, change or reorder a bid. Every bid and final offer is kept in a permanent record that cannot be edited.

9. Your consumer rights

Our goods come with guarantees that cannot be excluded under the Australian Consumer Law. If a unit is faulty, you are entitled to a repair, replacement or refund as that law provides. Nothing in these terms limits those rights. We do not offer refunds for a change of mind.

10. Fair play

• No automated bidding, scripts or bots. Bids must be placed by a person.
• Do not interfere with the site, the market or anyone else's shard.
• If someone breaks these terms - including one shard per person - we may cancel their bids, release their holds and pass any unit to the next offer.

11. Intellectual property

The object designs, the HNTED name and mark, the lore, the site, the photographs and the 3D models belong to HNTED. Buying a unit gives you that unit. It does not give you the right to copy or reproduce the design.

12. Liability

To the extent the law allows, HNTED is not responsible for indirect loss - for example, missing a bid or the surface because of your phone, your connection or travel. Nothing in these terms excludes or limits your rights under the Australian Consumer Law.

13. Privacy

• Your email is used only for your receipt. It is held by Stripe with your card, not in HNTED's own records.
• HNTED's records hold shard codes and amounts - no names, emails or card details.
• Your phone may remember your shard code so you can check it without typing. "Forget this shard" removes it.
• Live bid amounts are shown in the market, never with the shard that bid them. Sealed bids are never shown.
• Full privacy policy: privacy.html.

14. The hunt is free

Finding keys and shards never requires a purchase, and buying a unit has no effect on the hunt or on anyone's chance of opening a capsule.

15. Changes to these terms

We may update these terms. A market runs on the terms published when it opened - a change never applies to a market you have already bid in.

16. Law

These terms are governed by the laws of Victoria, Australia.