Using @SweatersBot as an example, you can see how perpetual auctions work:

– Lots are sold only when there is demand, gradually pushing the floor price up
– If demand is strong, the price also rises through live auction bidding
– If there is no demand, the lot goes to archive / reserve

This way, no excess supply is created that would later drag the market down. And in moments of hype, the auction price naturally rises to the level that two or more participants are willing to pay.

The auction itself is blind: the highest bidder wins, but pays the price of the second-highest bid — lower than their own.

No forced sales at any price.
Only programmed growth.

Soon this mechanism will roll out to all projects we host, with one key difference: priority access to auctions will be reserved for FUND holders first.

🏛 @thefund → @fundapp → fundapp.org