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Announcements (Altcoins)
Re: [NEM] NEM -New Economy Movement - No Envy Movement - Updates+Discussion thread
by
ShawnLeary
on
27/04/2014, 15:50:28 UTC
Quote from: utopianfuture on April 27, 2014, 01:08:58 PM
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