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🔖 Auction Mode
BuildKey V2 implements an Auction Mode as an upgrade to the original BuildKey V1 Fair Launch mechanism. The goal is to provide every user with smooth, fair, and transparent participation.
How it Works
For the first five minutes (may vary by project) after pool activation, all buy transactions are subject to an additional auction fund. This fund follows a deterministic linear decay model, starting at a predefined maximum and decreasing to zero by the end of the five-minute window.
The time and amount of the auction fund may vary by project. For example,
| Time | Auction Fund |
|---|---|
| 0 min | +$5 |
| 1 min | +$4 |
| 2 min | +$3 |
| 3 min | +$2 |
| 4 min | +$1 |
| 5 min | +$0 |
The auction fund collected will be either directly deposited into the pool or used to purchase project tokens post-TGE, and shared among all long users during the settlement stage.
This model does not prohibit early trading but introduces a calculable cost-benefit analysis, requiring participants to weigh the advantage of early entry against the economic disincentive of the tax.
This approach also allows users to negotiate the initial prices of different assets in a fair and democratic manner, thereby achieving self-adaptive pricing for different assets.