Auction sounds like good opportunity test the valuation, though it might be could make it in sequels as UP has said. Are there any similar scenarios ever done before? How you can prevent people just bid without intention to buy ? Like some ahole just messin with auction
One way would be to set up an escrow. So people who bid would send their bid to an escrow. If they win, they get the NEM. If they, don't their money (minus a tx fee) would be returned.
It is a good idea. The way it could be done is that the escrow set up the address at a designated time and everyone sends a payment to that address would be considered a bid. The auction would last 24 hours since the designated time. 10 highest bis win 10 stakes and the rest will be returning to the senders. Who want to be the escrow ? I could pay a small payment for the service.
Sorry I have not yet finished the governance piece since I am in the middle of Smiley. Hopefully finish tomorrow. Anyway any preference for the first lot, charity at launch or logo+branding package ?