Big guys joining Focus is another big guys joining Focus.
Welcome @AB847
@nader @Mossified @Brootle @mcmarsh please highlight it for improvements and help get this out to new comers.
Forgot to mention @thesarcasm here who made me write this.
👀
Hi, thanks for the detailed explanation. I though I did understand the token sales auction but I miss totally a step. I hope that you can tell me what I do wrong so that I can learn this for the next time
Example:
The amm was
0.001 - 1K
0.0011 - 1K
0.00121 - 1K
0.001331 - 1K
0.001464 - 1k
0.001611 - 1 k
0.001772 - 1k
0.001949 - 1k
0.002144 - 1k
initial bids were
person a , 0.001 for 3K coins
person b, 0.011 for 1K
person c, 0.001256 for 6K
person d, 0.001946 for 3K
According to your description, my thoughts
I will bid with 0.002144 for 8k
There were no other bids so, With my highest bit I can fill every sell from the AMM
But this was not happening
Results:
I got only 2k for a price of 0.002144.
What am I doing wrong because I do not get the picture at all. If you look at the recent sell trades of the AMM for user btcabi, most of them are for the price 0.0022
I do not get it at all
Thank you so much already !!
How often is this scenario likely to occur? (From your text)
"let’s assume the highest bid is 0.01$ for 2000 coins. The AMM will match this with the lowest sell price (0.001$) (See the image above). As 0.01$ > 0.001$, the order will be filled. But it is filled with 0.01$, more than what the AMM asked for. (The extra money that the AMM earned by selling for higher price will be used to buy and burn the token or be rewarded to the creator. But currently, it does nothing). "
As I'm seeing from your example figures
a AMM sale at 0.001$ and 0.009$ goes into some holding wallet? With a filled order at 0.01$
So high % not going to actual token purchase ?