kaal:claim:4015908-042

In lottery fair launch protocols the ticket price is determined as the median of all tickets purchased, and users then decide whether to accept that price, paying the difference if it exceeds their bid or withdrawing for a refund.

Source quote, verbatim

price of a ticket is determined as the median of all tickets purchased – users then decide whether they accept the price.

From

Wulf A. Kaal, Fair Token Launch (2022), IV.4 Lottery, p. 18
https://ssrn.com/abstract=4015908 · source PDF

Cite as

Wulf A. Kaal, Fair Token Launch (2022). SSRN: https://ssrn.com/abstract=4015908

Holds when

lottery based fair launch protocol

Classification

mechanismsupport: arguedeconomics

Verify

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