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Cryptocurrency News Articles
How Hyperliquid's Auction Mechanism Works: A Simple Explanation
Dec 18, 2024 at 08:05 pm
Here's a (super) simple explanation of the HIP-1 proposal by @HyperliquidX.
Hyperliquid's unique bidding mechanism for listing tokens on its spot exchange is designed to ensure fairness and scarcity. Every 31 hours, a new listing right becomes available through an auction. The starting price is double the previous auction price, gradually decreasing until someone purchases it. This mechanism allows anyone to participate in listing tokens, as long as they find the price acceptable. The 31-hour interval helps maintain scarcity and uniqueness among tokens on the platform.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
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- Why Experts Are Betting on This AI Gem Ahead of Ethereum (ETH) and Dogecoin (DOGE) – What Do They Know?
- Dec 18, 2024 at 11:45 pm
- Making huge ROIs in crypto isn’t just investing in popular or top crypto coins like Ethereum (ETH) or Dogecoin (DOGE); there is more. Betting big on high-conviction and undervalued tokens is the most compelling route to making it big. IntelMarkets (INTL), a new AI gem, boasts plenty of room for growth, placing it on experts’ radars. From its innovative AI-powered trading platform to its significant upside potential, it is a must-have coin in this bull cycle.
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- Solana (SOL): A Challenger Falters, Revealing Market Dynamics
- Dec 18, 2024 at 11:45 pm
- The crypto universe is an arena where each asset fights for its place at the top. Recently, Solana (SOL), often hailed as a serious contender against Bitcoin (BTC) and Ethereum (ETH), has shown signs of weakness. But what lies behind this dynamic?
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- MicroStrategy Doubles Down on Bitcoin Bet, But Debt-Driven Strategy Raises Concerns
- Dec 18, 2024 at 11:45 pm
- MicroStrategy, led by Michael Saylor, has doubled its Bitcoin bet with a $2.1 billion purchase, adding 21,550 BTC to its holdings. This brings its total Bitcoin reserves to over 214,000 BTC, valued at approximately $14 billion.
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