# Auction

`kaal:entity:auction`

**Status.** derived

This node is assembled mechanically from the 4 claims that carry the concept tag `auction`. It is a roster of what the corpus says under this term. It is **not** an adjudicated definition: no single statement here has been ruled canonical, and no first-appearance call has been made. Read the claims and judge for yourself.

## Every claim under this term

4 claims across 1 works, 2022 to 2022.

**2022**

- [4015908-029](https://wulfkaal.github.io/claims/4015908-029) [design/argued] -- Technology platforms can make launch abuses less likely by mandating fair auctions in which tokens are released only in tranches, offering a limited number of tokens for a limited number of days, which makes rug pulls overall less likely.
  > During such fair auctions, the tokens that are listed on the fair launch platforms may only be released in tranches, which makes rug pulls overall less likely. Such token tranche listings may offer a limited number of tokens for a limited number of days.
  Wulf A. Kaal, Fair Token Launch (2022). SSRN: https://ssrn.com/abstract=4015908
- [4015908-030](https://wulfkaal.github.io/claims/4015908-030) [design/argued] -- After half of each auction tranche is deposited into an AMM pair, the other half is allocated to open market purchasers and the remaining liquidity on the AMM is burned to ensure that any incentives for rug pulls are removed.
  > Thereafter, the other half of the tokens from the respective tranche may be allocated to open market purchasers. The remaining liquidity on the AMM may be burned to ensure that any incentives for rug pulls are removed.
  Wulf A. Kaal, Fair Token Launch (2022). SSRN: https://ssrn.com/abstract=4015908
- [4015908-035](https://wulfkaal.github.io/claims/4015908-035) [mechanism/argued] -- An auction mechanism for fair launch tokens avoids pricing tokens below their underlying market value, which in turn helps remedy the problems that derive from large whale token holders who can later manipulate the market.
  > An auction mechanism for fair launch tokens ensures avoids that tokens are priced cheaper than the underlying market value of the token. This, in turn, helps remedy the problems that derive from large whales token holders that can manipulate the market in the
  Wulf A. Kaal, Fair Token Launch (2022). SSRN: https://ssrn.com/abstract=4015908
- [4015908-036](https://wulfkaal.github.io/claims/4015908-036) [design/asserted] -- No more than 40% of total token supply should be auctioned in a fair launch, with 10% serving as a buffer paired with raised funds as permanently locked DEX liquidity and the other 50% allocated to a DEX pair with the raise proceeds to provide long-term locked liquidity.
  > it is ill advised to auction more than 40% of the total token supply. 10% of token supply should serve as a buffer. paired with the funds raised to form permanently locked liquidity on a DEX. The other 50% should be allocated to a DEX in a pair with the funds from the token raise.
  Wulf A. Kaal, Fair Token Launch (2022). SSRN: https://ssrn.com/abstract=4015908

## Verify

Every claim above resolves to a record carrying a verbatim source quote, the sha256 of the source PDF, and a preformatted citation. Nothing here asks to be taken on trust.

    curl -s https://wulfkaal.github.io/entities/auction.md | sha256sum

**Canonical form.** This markdown file is the canonical hashed representation of this entity node. Its sha256 is the content hash.