TokenSwap New Feature-Auction Pool Ranking Matters!
HecoChain is developing in full swing. Many projects have locked up hundreds of millions of dollars. While congratulating various projects, TokenSwap is proud to be part of the vigorous ecosystem.
For now, the application scenarios of decentralized auctions are not only limited to the official auctions of start-up projects, but also many community miners come to trade the mined tokens, which are not listed yet or temporarily lack liquidity. This helps avoid drastic fluctuations in the market price and bring convenience to early miners.
Until now, more than 500 auction pools have been established on TokenSwap, with over 3,000,000 USDT auction volume completed.
Due to the rapid increase of the number of TokenSwap users, hundreds of new auction pools are created every day. The auction pools created by some users will be quickly moved to the bottom, making it difficult to be discovered by investors. TokenSwap decided to launch the new feature — TPR (TOP pledge rat), which can be explained as the ratio of TOP pledged/HT to be raised. This ratio will determine the order of the auction pool. The high ratio ranks in the top position, which enables high exposure.
Here is an example. If a user wants to auction 500HT equivalent tokens. He pledges 1000 TOP, then his TPR is equal to 1000/500=2. If the creator of another pool has not pledged TOP, or the value of TPR is lower, his pool will be ranked behind. In other words, higher TPR is equal to higher ranking of the auction pool.
The TPR function can help some TOP holders and long-term users to keep their auction pools in an eye-catching position and gain higher exposure and liquidity. We also hope to enable TOP more value with TPR.
(At present, we only support the pledging of the pool creator. We will allow community participants to pledge in the future.)
Below is the method of pledging TOP.
Click to check the tutorial of creating an auction pool:
After creating the auction pool, we can choose our own auction pool and click to join.
After entering the auction pool, click “+” under the TPR.
Then enter the amount of TOP to be pledged and confirm.
(The pledged TOP can be returned when the auction ends.As long as you hold the TOP, you can always keep your auction pool on top of the list, which is very cost-effective for miners or project teams who may frequently need OTC.)
The smart contract will automatically adjust the ranking according to TPR.
This is the new feature introduction. TokenSwap actively listens to community and will continue to optimize the platform and add more application scenarios for TOP.
Any suggestions are welcome