Can anyone explain this Moonbeam crowdloan explainer states following: "Throughout the

Question

Can anyone explain this Moonbeam crowdloan explainer states following: "Throughout the

crowdloan campaign you will be able to increase your contribution, but keep in mind that only contributions made in the first two days of an auction period are guaranteed to be counted towards that auction." -----) what does that mean? Any ideas why only the first 2 days are guaranteed to be counted?

#blockchain #cryptocurrency #english #moonbeam

0

25.10.2021

3 ответов

23 просмотра

S B Автор вопроса

WYT
because of candle auction

That makes 0 sense due to the fact that there isn't a cap in place and even they said, they won't reach the cap cause it's too high

0

25.10.2021

Olivia |Moonbeam (will never dm)

from the parity announcement "As with Kusama, each 7-day auction on Polkadot will consist of 2 periods: a starting period followed by an ending period. On Polkadot, the starting period is 1 day and 18 hours, and the ending period is ~5 days. Bidding ends on the 7th day, when the precise moment of the auction’s close is determined retroactively by an on-chain randomness function (VRF). The auction can end at any point during the ending period, a key aspect of Polkadot’s candle auction system, which prevents last minute ‘auction sniping’ for better price discovery."

0

25.10.2021

WYT · Accepted Answer

WYT

because of candle auction

0

25.10.2021

210 похожих чатов

Can anyone explain this Moonbeam crowdloan explainer states following: "Throughout the

3 ответов

Похожие вопросы