Coin launches · Robinhood Chain
The price only goes down. Until it stops.
Every coin opens on an auction clock, the kind Dutch growers have sold tulips on since 1911. The price falls one bulb at a time. The moment the ETH in the pot can buy the whole lot, the clock stops. Everyone pays that price, first bid or last.
One clock, one price.
01
The clock starts high
The creator picks a start of 5, 10 or 20 times the floor. Each bulb takes the same bite off the price on the way down to 1.7 ETH.
02
You bid when the number looks right
A bid is ETH into the pot. It can only get cheaper for you after that, because you pay wherever the clock stops.
03
The pot stops the clock
When the pot can pay for the whole lot (40% of supply) at the current price, the hammer drops. One price for every bidder.
04
Trading opens on the spot
Every wei in the pot goes into the pool with 40% of supply at the same price. The chart starts where the auction ended.
On the clock2
Price falling right now. Sample lots on a two-hour loop.
Canal Rat
$CRAT · Lot 03
Lives under the Brouwersgracht. Eats fries off bikes.
Pot – · Cleared at – · Starts at 34 ETH · 30 min clock
Windmolen
$MOLEN · Lot 04
Turns when the wind turns. Short clock, low start.
Pot – · Cleared at – · Starts at 8.5 ETH · 10 min clock
No clock running this minute. The next one is below.
Next up4
Times in your local zone.
Stroopwafel
$STROOP · Lot 05
Put it on your coffee and wait for the syrup to go soft.
Pot – · Cleared at – · Starts at 17 ETH · 20 min clock
Bike Bell
$BELL · Lot 06
Ding ding. Get out of the bike lane.
Pot – · Cleared at – · Starts at 8.5 ETH · 10 min clock
Night Watch
$WATCH · Lot 07
Big canvas, big start. 34 ETH on the first bulb.
Pot – · Cleared at – · Starts at 34 ETH · 30 min clock
Dike Finger
$DIKE · Lot 08
The boy who kept his finger in the dike all night.
Pot – · Cleared at – · Starts at 17 ETH · 20 min clock
Nothing queued.
Hammered6
Clock stopped, price set, pool open.
Tulip Mania
$MANIA · Lot 01
One bulb once cost as much as a canal house. This one opens at 17 ETH.
Pot – · Cleared at – · Starts at 17 ETH · 20 min clock
Gouda Hands
$GOUDA · Lot 02
Diamond hands aged 24 months in a cellar in Woerden.
Pot – · Cleared at – · Starts at 17 ETH · 20 min clock
Herring
$HRNG · Lot 09
Hold it by the tail, head back, onions on.
Pot – · Cleared at – · Starts at 8.5 ETH · 20 min clock
Orange Army
$ORNJ · Lot 10
Every King’s Day the whole country turns orange.
Pot – · Cleared at – · Starts at 34 ETH · 20 min clock
Clog
$CLOG · Lot 11
Carved from willow. Surprisingly good in the rain.
Pot – · Cleared at – · Starts at 17 ETH · 10 min clock
Hagelslag
$HAGEL · Lot 12
Chocolate sprinkles on buttered bread, for breakfast, as an adult.
Pot – · Cleared at – · Starts at 17 ETH · 30 min clock
Nothing has cleared yet.
Why a clock
- Normal launch
- Price is lowest in the first block. Bots buy it, you buy from the bots.
- On the clock
- Price is highest at the start and the first bidder gets no discount over the last. A bot has nothing to race for.
Early bids still matter. They pull the red bulb back towards the price, which is how the room tells you it is close.
Where the supply goes
- Sold on the clock
- Paired in the pool
- Creator and house