Current bid is now at 1.2 ETH and it has 2 days more to go before it ends. Its so exciting to see this thriving market! You can check it at
https://market.modultrade.com/ and try to see if some items attracts you.
So this means you can also buy/bid with ETH?! What is the purpose of their tokens then? An auction like this where you have to pay with Modultrade tokens could at least drive the demand for their tokens up a bit.
Yes you can bid the items with ETH or MTRc. The purpose of their token is that it will drive the platform economically since all transaction fees will be in MTRc and not in ETH, besides they may also offer some discounts if MTRc will be used to buy those items.
But why don't they make auctions like for this iPhone to be exclusive with MTRc? If you can also use ETH, most of the people will just stick with Ethereum because that is what they most likely have already anyway so it's much easier for them.
The more kinds of crypto that the platform accepts, the more it will be convenient to the users and there is also an exchange built into the platform to cater to those who needs conversion of their tokens including BTC.