# 📅 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.
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