In the early days of my time on this forum I was one of the pioneers of auctions for physical goods. Since then I have held many auctions that have allowed people to obtain exceptional value with their cryptocurrency. Having now launched c0fferC0in, as part of the distribution I am auctioning some of the existing supply.
This is an auction for a block of c0fferC0ins. This will not be a typical auction but should allow for the acquisition of c0fferC0ins for those who see the value at a competitive rate outside of trading at YoBit.
This will represent a reasonable quantity of tokens being distributed. Up to 3000000 (three million) c0fferC0ins are available through this auction. This represents approximately 30% of the total supply.
The bidding is based on the total quantity of tokens you wish to purchase and the rate you wish to pay. The rate amount is in satoshis.
An example bid would look like the following:
50000 @ 100 satoshis
The starting rate is 100 satoshis.
The minimum quantity is 10000 c0c0.
If the c0c0 bids total less than 3M then everyone will win their bids.
If the c0c0 bids total more than 3M then the rates come into play.
This auction will end 10 days from the time of posting. Feel free to post inquiries if there are any uncertainties.
Good luck!
