entity · derived
Token auction
Derived node: assembled mechanically from the claims carrying token-auction. A roster, not an adjudicated definition.
Every claim under this term
- 3396542-011 : If underwriters decline to reclaim their encumbered tokens, that breach is resolved by selling the encumbered tokens, plus additional freshly minted tokens as needed, in an auction open to current DAO
- 3396542-032 : Even where the underwriters of a policy breach the contract, the auction of the encumbered tokens together with the sale of additional tokens as needed ensures the policy holder's claim is fully met.
- 3396542-037 : The proposed DAO design is likely to lower barriers to entry in insurance, since non traditional firms and even individual investors can buy tokens at auction and then either underwrite with them or h