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Printer auction
Each License starts with one Printer. Additional Printers come from the Printer auction, held once every sales cycle and paid in UNITED.
Printer auction price through one window
06:00 UTCPrinter 3,061 UNITEDFractional Printer 306 UNITED
Illustration at launch values
Yesterday closed at 2,500 UNITED. The floor is 2,000 UNITED: 30 days at about 66.7 UNITED a day.
| Setting | Value |
|---|---|
| Who can buy | License holders; Fractional Printers sell to Fractional License holders |
| Paid in | UNITED only, never ETH |
| Window | 12 hours, 00:00 to 12:00 UTC (fixed) |
| Printers per auction | 1 to 3,000, a policy (300 at launch); unsold Printers never roll over |
| Fractional Printers per auction | 3,000 at launch, a policy up to unlimited |
| Per License | 3 each sales cycle, 10 in all, counting the one it comes with |
| Per Fractional License | 3 Fractional Printers each sales cycle |
| Opening price | 2x the last price paid, or 2x the floor only if nothing sold at all; the first auction opens at 60 days |
| Decay | Continuous; the gap to the floor halves every 4 hours, ending the window an eighth of the way from the floor |
| Floor | 30 days of one Printer's emission at the current rate; a team setting, 15 to 60 days, behind the timelock, at most once per 7 epochs |
| Fractional price | A tenth of the live price, on the same curve |
Formula: How the auctions work.
Where the UNITED goes
Where the UNITED from a Printer purchase goes
Every 1,000 UNITED paid for Printers
- Burned800 UNITED
- Incentive Vault200 UNITED
| Share | Destination |
|---|---|
| 80% | Burned, permanently |
| 20% | The Incentive Vault, in UNITED, for future rewards such as the daily check-in airdrop |
Auto-bid
- A License posts a standing order: a limit per Printer and a count.
- When the falling price reaches the limit, it buys on its own.
- Paid from the wallet or from the License's unminted balance.
- A limit above the current price fills at once.
- Nothing is escrowed. An order short of balance, or whose License already bought 3 Printers this cycle, keeps waiting.
- Open orders are public.