We’re working on a new way to launch a token with Clanker. We’re calling it Clanker Auctions. There are three main benefits:
Distribute broadly and fairly
Clanker Auctions give bidders multiple days to participate at a gradually discovered price. Unlike existing mechanisms where the faster finger wins, this results in more users owning your token at launch at a similar price.
Discover a fair market value
Auctions help discover and sell your tokens at a fair starting price. Proceeds go to support your project and seed a deep market.
Earn aligned with your community
Team automatically unlocks funding overtime from the auction, in addition to earning trading fees.
Stage 1: Announce
Before the auction begins, a project can announce the launch and pitch their vision.
Stage 2: Auction
Users participate by specifying how much they’re willing to spend and optionally a maximum price they’re willing to pay. Bids are spread across the duration of the auction and filled gradually, leading to smooth price discovery as more bids come in. Early bidders tend to get better prices, but because supply is sold gradually this effect is far less pronounced than in existing Clanker launches.
