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Zenigame
@zeni.eth
Requesting a bit of math help with Fan Token Auctions (imagining the previous frame flow when you could still set a quantity). ---- For a given auction, say the clearing price right now is 100 moxie and there are 1000 tokens available. Which of these bids would increase the clearing price more? Why? (or will they have the same result) Bids Scenarios: 1. 100 tokens for a price of 1000 moxie (100k volume) 2. 0.1 tokens at a price of 1,000,000 moxie (100k volume) CC: @ipeciura.eth @betashop.eth @yosephks
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Jason Goldberg βοΈ π
@betashop.eth
The contract resolves the auctions like this: 1. Highest bidder (max price). Can I satisfy their entire budget? 2. 2nd highest bidder. If I cost average them and bidder 1, do I make more money? 3. 3rd highest bidder. If I cost average them in with 1 and 2, do I make more money? Etc
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Johnson
@johnson
Is clearing price average of all the bids that exhausts the supply or the lowest of all bids that exhausts the supply? My understanding is its the lowest. Hence in the above scarnaio both bids wont increase the clearing price, but will end up getting all the 1000 tokens (assuming there are not other bids after)
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