One of the promises of DeFi is the democratization and communitization of big corporate infrastructures to build open platforms for the public good. This batch auction mechanism allows communities, projects, and DAOs to offer their future stakeholders fair participation within their ecosystem by acquiring utility and governance tokens. Use cases Initial token offering with a fair price-discovery

Given the emerging regulations for IDOs and utility sales - see MiCA -, EasyAuction is intending to comply with them and enabling new projects a safe start without legal risks. EasyAuction improves significantly the user experience for IDOs, by settling up arbitrary many bids with a single clearing price instead of roughly 28 orders and thereby making the mechanism fairer, easier to use, and more predictable. The EasyAuction platform is inspired by the auction mechanism of the Gnosis Protocol v1, which has shown a significant product-market fit for initial dex offerings (IDOs) (cp. Batch auctions are a market mechanism for matching limit orders of buyers and sellers of a particular good with one fair clearing price.Īlready in traditional finance, batch auctions have established themselves as a tool for initial offerings, and in the blockchain ecosystem, they are expected to become a fundamental DeFi building lego brick for price-discovery as well. EasyAuction should become a platform to execute batch auctions for fair initial offerings and token buyback programs.

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