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
Full Node
Full Nodes are computers that verify the set of rules that are built into the protocols of a given cryptocurrency.
Seed
A value used to initiate generation of pseudorandom number, ususally a string of 12 commen English words.
Hash
A hash function is an output code (unique and alphanumeric) that we obtain from an input string,
Reddit r/CryptoCurrency Moon
Moons are a new way for people to be rewarded for their contributions to r/CryptoCurrency
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.