Bidding
Dutch Auction Dynamics
Pricing Rule: “Double → Decay to Zero (1 hour)”
Cronut uses a custom Dutch-style curve with two rules:
After a successful Bid, the next starting price of a cronut becomes 2× the price just paid.
From that new starting price, the price falls linearly to 0 over the next 60 minutes.
Fee Allocation Model
100% of the Auction Price is disbursed as follows:
85% to previous owner: Instant; encourages “defense” strategies.
10% Buyback & Burn: Repurchase $CRONUT and burn, reduce supply and value accretion.
3% Staking Rewards: Distributing yields to users and promoting long-term commitment.
2% Dev & platform operations.
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