📅 Auctions

You can mint the Blaze Token by participating in the Daily Auctions.

Join the Blaze Token bonfire, where ETH stokes the flames of an ever-shrinking, red-hot auction, sparking a frenzied marshmallow roast for crypto enthusiasts to grab their piece of the toasty, limited-supply Blaze pie!

Blaze Token Acquisition

• Method: Obtain Blaze Tokens using $ETH at daily auctions.

• Auction Schedule: New auction every 24 hours. (see protocol launch and liquidity formation for more details).

Token Deflation and Supply

• Deflationary Nature: Daily decrease in Blaze tokens minted at a rate of 0.08%.

• Capped Supply: Maximum of 11,000,000 Blaze tokens, minted over 18 years.

• Daily Decrease Example: Day 1: 8,888 tokens, Day 2: 8,880 tokens, Day 3: 8,873 tokens, etc.

Unique Auction Mechanism

• Auction Format: Non-traditional auction - participate by joining a group/pool with a fixed payment.

• Participation Requirement: Secure Blaze Token from daily auctions.

• Batch/Auction Power: Determines token allocation capability (1% to 100% in terms of percent).

Purchasing Batches

• Payment Method: Pay in ETH.

• Batches / Auctions: 1 entry ( up to 100 power ) into an auction is 1 batch , multiple entries (up to 1000 power ) is 10 batches.

• Pricing: Each auction is 0.2 Eth

• Power explanation and Payment Example:

  • 100 Power: Pay 0.2 ETH.

  • 50 Power: Pay 0.1 ETH.

Auction Duration and Token Distribution

• Auction Duration: Each auction lasts 24 hours.

• Token Distribution: Minted Blaze tokens distributed among Batch holders post-auction.

• Claiming Rewards: Batch holders claim rewarded tokens from the contract.

Continuous Auctions

• Sequential Auctions: A new auction starts after the previous one ends, with a decreased number of minted tokens available.

Additional Features

• Batch Buy: Purchase multiple batches in one transaction.

How is Value coming into Blaze Used

• Reward Pools - 64%

• Burn Mechanics - 20%

• Founders Allocation - 8%

• Future Development - 8%

Frequently Asked Questions about Blaze Auctions

1. What are the requirements to obtain Blaze Tokens?

   • You need $ETH to participate in the daily auctions.

2. How does the auction for Blaze Tokens work?

   • It's a group/pool-based auction, not a typical bid-and-win. You pay a fixed amount to participate.

3. What is Batch Power/Auction Power in the auction?

   • It determines the token allocation capability of a Batch, ranging from 1% to 100%.

4. What is the payment structure for purchasing a Batch?

   • Payment is all ETH for Minting.

5. How is the price of a Batch determined?

   • It depends on the Batch's Power. For instance, a 100 Power Batch would cost 0.2 ETH

6. Are the prices for Batches fixed?

   • Yes, 0.2 ETH is one auction (1 batch) at the time of the auction.

7. How long does each auction last?

   • Each auction runs for 24 hours.

8. How are Blaze Tokens distributed after an auction?

   • They are distributed among Batch holders, who must claim their tokens from the contract.

9. What happens when one auction ends?

   • A new auction starts with a slightly reduced number of tokens to be minted.

10. Can users purchase multiple Batches in one transaction?

    • Yes, there's functionality for Batch Buy.