> For the complete documentation index, see [llms.txt](https://docs.titanblaze.win/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.titanblaze.win/burn-paper/auctions.md). # 📅 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](/burn-paper/liquidity-pools.md#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.