Post
Topic
Board Announcements (Altcoins)
Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
by
ShawnLeary
on 27/04/2014, 15:50:28 UTC

I agree. Our initial thought is to offer the first auction on the Alpha release to avoid scam accusation and we will take some times to build the brand up to that point. The likely method of auction is http://en.wikipedia.org/wiki/Multiunit_auction. We will write a more detail guidelines at least one week before the auction but that's something everyone can study first if they are interested in the auction. Uniform auction have been used for U.S Treasury auctions. You can read about the theories and empirical studies of this type of auction here http://www.treasury.gov/resource-center/fin-mkts/Documents/final.pdf  and here http://www.treasury.gov/resource-center/fin-mkts/Documents/upas2.pdf

Please consider saving one final stake to be auction the day before final release, would help set market price and build momentum.  One last lucky bastard gets in Smiley