Gnosis will fund 10 DAI-ETH auctions on the DutchX trading protocol to showcase how well the DutchX works for high volume orders.
Each DAI auction will be worth 100,000 USD, so a total of 1,000,000 DAI will be auctioned off over the course of the #DutchXDAI run. ETH will be the token required for bidding.
What’s the opportunity here?
In these upcoming auctions, there will be no buy-back bot on the bidder side.
This means that the auction will keep running until the whole volume is bid upon.
This will enable participants to obtain DAI, possibly at a discount if there are not enough bids that close the auction at or above market price!
Join us for the first auction in a live call with Gnosis CEO Martin Köppelmann on the evening of Tuesday, March 5th, 2019 here: https://youtu.be/Oods_JKQlTQ He will walk you through how to participate!
Follow the hashtag #DutchXDAI on Twitter for exact times auctions will run.
To interact with the DutchX: