Bidding fee auction

Have you ever played a game where you have to pay some money to participate in it? And then you have to bid a certain amount of money to win the game? That's kind of like a bidding fee auction.

So, imagine there is a toy that you really want to buy. Instead of just going to the store and buying it, you have to first pay some money to the auction company to participate in the auction. This is called the bidding fee.

Once you have paid the bidding fee, you can start bidding on the toy. But here's the catch - every time you bid on the toy, you have to pay some more money to the auction company. This is called the bid fee.

So, let's say you start bidding on the toy at $1. The person next to you bids $2, and you really want the toy so you bid $3. But now you have to pay $3 plus the bid fee to the auction company. And this goes on until someone wins the toy by placing the highest bid.

So, the bidding fee auction is a bit like a competition to see who is willing to pay the highest amount of money to win the toy. But you have to pay a little money each time you bid, and the person who wins the toy has to pay the highest amount of money plus all the bid fees they accumulated while bidding.