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
Crowdsale
This type of auction has a fixed price per token that is sold on a first-come-first-serve basis.
Market Maker
Participant of the market who creates buy and orders
51% Attack
An attack on blockchain by a group of miners controlling more than 50% of network hash rate
Airdrop
A way to promote cryptocurrencies by sending some free tokens to traders
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