III. MANUAL AUCTION SELECTIVE SHILLING
MASS Shilling is formed in a unique and our own new proof of hype consensus mechanism where the tokens are auctioned with a discounted price so the ecosystem grows along with the hype that is brought by our token.
The Auction is deemed to perform in resemblance of FIRST PRICE SEALED BID Auction, but with a revolutionary twist in existing method.
First Price Sealed Bid Auction
A first-price sealed-bid auction is also known as blind auction, where all bidders simultaneously submit sealed bids so that no bidder knows the bidof any other participant. The highest bidder pays the price that wassubmitted.
For Example:
Lets Consider three bidders (A, B, C) are participating in the auction. Each of the bidders set a price of how much they are going to pay for as Asset with a starting price of 990$:
Bidder A = $1000 Bidder B= $1050 Bidder C = $1100
The highest bid in this auction is 1100$. Bidder C wins the auction and pays
$1100 for the asset to the owner.
The highlight of the above Auction each Bidder will not be able to see or guess other Bidders proposal.
MASSS Auction Protocol
In MASSS Auction, we follow the resemblance of first-price sealed-bid auction, but here it wont follow the usual rules of existing methods and a new protocol is developed,
MASSS Protocol Model in BlockChain
• MASSS Auction Protocol is subjected to work under the below subjectedformula,
FIXED MASSS = (AUCTIONVAULT/PLANNED_YEARS*MONTHS)
AUCTION VAULT= 25%
PLANNED_YEARS= 50 years
MONTHS= 12 months
• The fixed amount of 4200 $MASS token from Auction vault will be brought in Auction monthly.
• The starting price of $MASS tokens decided based on market price of $MASS on the announced day.
• The starting price of $MASS token will be 20 to 40% lesser than the market price and the number of winners will be decided based on market price.
• The Revenue model of MASSS Protocol is under,
MASSS REVENUE= (FIXED MASS/PROBABLE WINNERS) *MASS_PRICE
FIXED MASS= 4200
PROBABLE WINNERS= CONSTRUCTIVE BASED ON PRICE
MASSS_PRICE= 40 to 2% lesser than market price
• Eligibility will be checked based on the BNB holdings in each Bidders/Players wallet (Should be having a minimum and maximum value required as subjected to Auction.
• Once all eligible Players are in the Auction will be started where each bidder will be given a chance to do a single Manual entry
• The Bid made by each player wont be visible to other players until the end of Auction
• once the Auction is over, the results calculation will happen and below rules comes to play,
• If there are any multiple bidders for a same value then the Bidders will be eliminated
• The constructive (will be multiple rather than single) players with a Unique and highest value bid will be declared winners
• In case if all entries are a multiple ones, the one with lowest number of entries and highest will be the winners
For Example:
If the Market Prize of $MASS is $10 and number of tokens from auction vault is 4200 andconstructing probable winners of 21 (will be increased in actual Auction), then MASSS_PRICE will be 6$ (40% percent lesser), now the Revenue formula results in 200$MASS for winner with a possible buying value of $1200 per winner. So the minimum value of BNB value is 1200 and Maximum value will be 1600$ which should be present in each Players Wallet along with $MASS tokens, players can Bid anywhere in between 6.1$ to 7.9/8$ (Decimals subjected to be increased as per $MASS Market price 1 to 50 - 0.0 and 50 to 100 0.00 etc..)
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