#AuctionVote #TGE #Nov18
Hot Off the Press! The auction.vote Paper! 📣
The auction.vote is a decentralized price discovery mechanism to set the price of the $FVT token. The system replaces the auctioneer with a smart contract, effectively decentralising the auction process.
🌐 Read full details: https://bit.ly/36zv7uy
20m Tokens to Be Distributed
The $FVT auction works in lots. The first lot is 500,000 tokens and when it is sold out, the supply and price double in every lot. If there are no buyers the price will fall. Bid Early!
Price Decay Mechanism
When the bid price is not met, the upward price movement reverses. The price falls until the lower price is met.
Get ready for the LIVE auction next week
Participate in the liquidity generation event for $FVT on auction.vote next Wednesday by joining the finance.vote announcement channel where the link to the auction will be shared. https://t.me/financevote
Retweet: https://twitter.com/financedotvote/status/1327305055301640193
Hot Off the Press! The auction.vote Paper! 📣
The auction.vote is a decentralized price discovery mechanism to set the price of the $FVT token. The system replaces the auctioneer with a smart contract, effectively decentralising the auction process.
🌐 Read full details: https://bit.ly/36zv7uy
20m Tokens to Be Distributed
The $FVT auction works in lots. The first lot is 500,000 tokens and when it is sold out, the supply and price double in every lot. If there are no buyers the price will fall. Bid Early!
Price Decay Mechanism
When the bid price is not met, the upward price movement reverses. The price falls until the lower price is met.
Get ready for the LIVE auction next week
Participate in the liquidity generation event for $FVT on auction.vote next Wednesday by joining the finance.vote announcement channel where the link to the auction will be shared. https://t.me/financevote
Retweet: https://twitter.com/financedotvote/status/1327305055301640193
Medium
auction.vote: a decentralised price discovery and liquidity bootstrapping mechanism
Auction.vote is a decentralised price discovery mechanism, purpose built for bootstrapping markets for digital assets.