Auction
Winning bid determines mined token.
FAQ
How does it work?
During active auctions anyone can suggest a token and bid PNDC on that token to be mined.
When that token is mined fees from hash boosts, rig activations and swaps are collected.
50% of the mining fees collected from mining the winning bid amount is sent to the winning bidder.
The other 50% of the mining fees collected from mining buys (liquidity mines) the winning token of the auction.
What is the minimum bid?
The auction starts at 1T PNDC and decreases over time.
Be the first to bid at the current price to win the auction.
The winning token is liquidity mined by miners.
What token can I bid on?
Any SPL or EVM token that has liquidity.
(Examples include: PNDC, Pork, PEPE, WIF, wPOND, FartCoin)
What happens to the mined tokens?
Mined tokens are distributed as Spawn rewards.
What currency does the winning bidder receive the mining fees in?
SOL.
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