Capitalization: $81.19 M
Total issue: $124.11 M
Investors: Coinbase Ventures, Blockchain Capital, Hashed, Fundamental Labs, Pantera Capital, ParaFi Capital.
AUCTION, which is ranked 294th, is currently trading at around $12.41, up 99.88% in the last 24 hours. The coin has been on the rise over the past 7 days, with an increase of 163.22% in its price. Over the same 7 day period, AUCTION still outperforms ALPHA. Its closest DeFi competitor ALPHA fell -2.45% over the same time.
AUCTION's 1-year high of $11.69 occurred Aug 5, 2022. AUCTION's 1-year low occurred of $3.49 Jun 15, 2023.
Current circulation 6.50 M AUCTION.
Auction (AUC) is a decentralized platform for conducting auctions using blockchain technology. It provides a unique opportunity for participants to conduct various auctions and buy digital assets, the use of which can be varied.
One of the key features is a high degree of transparency. Thanks to blockchain technology, all deals and transactions on the platform are recorded and always available for viewing. This increases the trust of participants and helps avoid fraud.
Another important advantage is the ability to conduct different types of auctions. For example, this could be a classic English auction, where the price increases as new bids enter, or a Dutch auction, where the price gradually decreases and buyers can bid when the amount suits them.
In addition, the platform has a built-in risk management mechanism that helps protect participants from unwanted situations. For example, the system may offer transaction insurance or set limits on offer amounts. This creates an additional level of security and confidence in transactions.
This Cryptocurrency has its own system of internal tokens, which are used to pay commissions on the platform and participate in auctions. This makes it user-friendly and facilitates the process of buying and selling digital assets on the platform.
Overall, AUC is a promising platform for conducting auctions using blockchain technology. It combines transparency, auction diversity and risk protection, making it attractive to many participants.