sudoswap launches sudoAMM progressive Dutch auction
NFT trading protocol Sudoswap announced the launch of SudoAMM gradual Dutch auction (Gradual Dutch Auctions, GDA), allowing for the effective sale or purchase of NFTs over time.
When selling, GDA has a high initial price, which is then adjusted over time, similar to a Dutch auction. Each time a token is sold, the pool price will rise, allowing for continuous price discovery. When buying, the initial price is low and increases over time, then adjusts downward with each purchase.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
California revokes the lending license of bankrupt crypto lending platform BlockFi
NFT project Rekt Drinks parent company Rekt completes $1.5 million seed round financing
Fed mouthpiece: The Fed is expected to keep interest rates slightly above neutral in the future
Peanut the Squirrel (PNUT): Honouring Memories And Uniting A Community
What is Peanut the Squirrel (PNUT)? Peanut the Squirrel (PNUT) is a memecoin launched on the Solana blockchain, born from an unexpected and heartbreaking real-world event that resonated across social media. Inspired by the story of Pnuts, a beloved pet squirrel, and his companion, Fred, who brought