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
Token Generation Event (TGE)
An event in which new tokens (ussually on a smart contract platform) are created and distributed to the public.
Validator
A block-signing participant of a Proof of Stake blockchain network, whom have significant tokens staked on the network.
Crowdsale
This type of auction has a fixed price per token that is sold on a first-come-first-serve basis.
Stale Block
Double mined blocks that are not included in the blockchain.
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