Seeing some misunderstandings on the timeline regarding @megaeth_labs English auction (Oct 27-30; selling 500M tokens) that might literally and metaphorically cost you.
How it works:
Everyone bids on Ethereum mainnet what they are willing to pay (in USDT) and at what FDV price (max $999M). The final price is the lowest that sells all tokens. Bid below it? You get zero, just a refund.
Highest bids win, but U-shaped rules favor small ($2.6K) or large ($186K) bids.
Everyone who gets an allocation will pay the same final price (likely ~$0.0999, $999M FDV).
NFA Tips:
-No need to rush and pay high gas fees, which I suspect will happen at the beginning. Just bid mid-window.
-Bid $999M FDV to avoid missing out, since low bids get nada. If the clearing price is lower then you pay the lower price.
-Use Fluffle NFT/DeFi history for priority.
-Skip lockup (unless you are from the USA and don'thave a choice).
#MegaETH #MegaMafia
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