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Daily Auctions

What are daily auctions?
Entering weekly auctions with $MATIC on the 'Auction' section within our dApp is the primary way to obtain $MOUNT tokens.

New $MOUNT tokens will be minted with every auction, starting with 3M tokens on day 1, and decreasing by 0.5% with each following auction.

$MOUNT tokens are distributed to participants at the end of each day's auction, based on the final $MOUNT per 1 $MATIC ratio.

Good to know!
92% of the $MATIC that enters weekly auctions will go directly into the Dividends Pool. The remaining 8% goes into Marketing, Development, and the Lottery. 

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Last modified 1yr ago