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A platform for discovering fair,transparent and decen- tralized token price.

Fair Auction is a platform for discovering fair,transparent and decentralized
token price.

Fair Auction enables everyone to start Batch Auctions to sell ECR-20 tokens
effectively and efficiently on Ethereum.

1
In batch auctions, the participants are one auctioneer and multiple bidders.
3
Once the auction starts, bidders can participate by placing their bids through
limit orders, specifying an amount and a limit price.
5
At the auction clearing, the auction settles the final clearing price which is
the price where the supply line and demand curve intersect.
7
The auctioned tokens will be sold at the clearing price to bidders who specified
a maximum price in their limit order which is greater than the final clearing
price.
2
The auctioneer determines the auction's sell price and limit price. The sell
price is the amount of tokens the auctioneer would like to sell and the limit
price is the minimum price they are willing to receive for the asset.
4
The auction runs until a certain date.The auction ends after the closing date.
No more bids can be placed afterwards.
6
The clearing-price will be the final clearing price for all participants.
8
Bidders who specified a maximum price in their limit order that is less than the
final clearing price do not receive the auctioned tokens. But for sure, they can
still withdraw their bidding tokens from the auction.

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