Anatomy of a Batch Auction (a.k.a. “Dutch Auction”)

CinemaDraft
1 min readMar 26, 2022

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  • Submit your bid price per CD3D token in BUSD (minimum $0.03/CD3D)
  • Submit your bid amount (minimum $10.00/maximum $15,000.00)
  • After 12 hour sale ends, orders are arranged highest bids to lowest bids until all tokens are SOLD
  • in the case of same bid price, largest orders to smallest will be filled first
  • unsold bid amounts are left to be reclaimed by bidder

EXAMPLE:
8M tokens with a minimum bid price of $0.03
5M worth of tokens are bid at $0.05
4M tokens are bid at $0.04
3M tokens are bid at $0.03
the results would be:

5M sold at $0.05
3M sold at $0.04
0 sold at $0.03

JOIN THE CD3D DEX DEBUT BATCH AUCTION SALE EVENT!

8M CD3D for sale
- 30% bonus to all sales 1000 CD3D+
- 40% bonus if all 8M CD3D are sold

Starts: 10AM UTC, 3.30.22
Ends: 10PM UTC, 3.30.22

Min Buy: $10 BUSD
Max Buy: $15,000 BUSD
Min Bid: $0.03 BUSD
Bids filled highest to lowest until all tokens are SOLD

*Tokens claimable after 1AM UTC, 3.31.22

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