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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.

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Related Terms

Limit Order / Limit Buy / Limit Sell
Orders placed by traders to buy or sell a cryptocurrency when a certain price is reached
UTC Time
"Universal Time Coordinated", can be used interchangably with Greenwich Mean Time (GMT).
Buy Wall
Anomalously large buy order(s) at a single price point that reflects as a "wall" in the order book.
SHA-256
Abbreviation of "Secure Hashing Algoritm - 256", SHA-256 is part of the SHA2 that allows one-way hashing of any data into a 64 character string.
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