What Is Chemix Ecology Governance Token (KUN)?
In Chemix Ecology Governance Token Pad, the issuers using CVTs (Chemix Voucher Token) for the claimable rights of future delivery crypto assets, qualified users participate in the auction on CVT, after auction they can hold or trade CVTs on Chemix DEX. After the distribution date, CVT holders can claim target token at the Claim Center of Chemix Pad. Then the slope formula applicable to this auction is: y = −kx + 1, then the price drop is: 0.00001042 USD/sec. Suppose Alice bids $0.5 and puts in $100, and after many bids, Bob bids $0.2 and puts in $500. At this point, the auction is over, and the final price is $0.2/MTB.
Chemix Ecology Governance Token Storage Key Points
|Coin Name||Chemix Ecology Governance Token|
|Circulating Supply||7,129,275.00 KUN|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Dutch Auction on Chemix Pad
Dutch auctions are auctions in which issuers sell at declining prices. Chemix Ecology Governance Token introduces the first well-known Dutch auction in the crypto world. The Dutch Auction is a powerful tool for discovering the price of a particular token. For tokens already trading on open markets like CEXs, locking parts with specific vesting terms usually have lower bids than the market price. There is still a challenge to get a consensus finance model on those forward trading assets. The Dutch Auction with enough participants demonstrates the consensus on pricing, which makes it the first choice for trading and pricing on Chemix Pad for illiquid tokens.
Dutch auction rules
Parameters such as auction quantity, starting price, and reserve price are set by the auction initiator. After the auction begins, the auction price decreases linearly over time. During the auction period, the auction will end early when the for-sale quantity is sold out. Under this rule, each auctioneer pays the same price for each token, which is determined at the end of the auction.
Fixed price auction on Chemix Pad
Fixed price auctions will be the first choice for issuers from crypto projects, giant DeFi whales, or token holders who want to share certain auction information with market participants. In a fixed price auction, issuers and purchasers are all aware of their returns and costs in advance. Chemix Ecology Governance Token In IDOs, IEOs, and ICOs, set price sales are well-accepted by the market. A number of famous DAOs used fixed-price fundraising for their initial offerings, including Constitution DAO, CityDAO, OpenDAO, and FreeRossDAO.
Those DAOs used fungible tokens for their fundraising (People, SOS, Free…), some used NFTs (CityDAO), and some used NFTs for their fundraising (CityDAO). Chemix Pad supports fungible tokens at the present time as well as NFTs shortly. It is our mission to make Chemix Pad a powerful financial tool for as many DAOs as possible in the Web3 era.
The market for liquid equity or tokens
Chemix Ecology Governance Token was designed originally to handle the OTC trading needs of crypto token holders. Your service boosts the capital turnover rate of token holders and provides a tier 1.5 market for qualified investors to earn stable returns with predictable risk from price-discounting auctions. With Chemix Pad, issuers can “mirror” locked on-chain assets, such as private sales shares or in-staking tokens.
According to a particular proportion, token sale issuers only need to pledge designated assets (e.g., the QSD stablecoin). Then they can mint different CVTs (Chemix Voucher Token) as mirror assets of what they want to sell, publish Dutch auctions, get immediate value, and realize a high-efficiency capital circulation.
At the same time, Chemix Pad users can get the intended assets at a fair price by bidding (attending the auctions):
- Qualified investors who purchased the tokens with specific vesting terms and discounts on the price can hedge the forward price dumping risk using derivatives in CEXes or DEXes. Combining third-party derivatives platforms and Chemix Pad auctions can create shallow risk and predictable high returns investment tools.
- Retail investors tend to purchase the tokens in auctions without any hedging strategy. Chemix Ecology Governance Token will take more uncertain risks than qualified investors with low-risk strategies. However, on the other hand, those retail investors also carry the potential high returns in the future in case of good performance of the tokens they purchased.