Batch Auction
By CoinGecko | Updated on Sep 01, 2021
A Batch Auction distributes an amount of tokens to users that is proportional to their contribution to the pool. The token price is then determined based on the total amount raised at the end of the auction.
Related Terms
Byzantine Fault
A byzantine fault is where an error has occured, yet a computer system does not know due which component/what failed to the lack of information and continues to iterate on a given instruction.
Gas Price
A term refers to the amount of price user is willing to pay for a transaction on Ethereum blockchain.
Proof-of-Burn (PoB)
A consensus algorthm that assigns block validation queue based on the coins/token burned by the validator.
Buy Wall
Anomalously large buy order(s) at a single price point that reflects as a "wall" in the order book.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.