Modules
Modules are smart contracts that define various auction types and token derivatives. These modules can be combined to create tailored auction applications.
Auction Module
Sealed-Bid
Uniform price auctions allocate tokens to the highest bidders, with the clearing price set by the last successful bid. Since bids are private, participants can bid their true price without fear of being outbid or "sniped" before the auction ends.
Accessibility
This auction type is accessible to all participants, who can bid as much as they like at their true price estimate.
Participation
Not all bidders are guaranteed to win. Tokens are allocated in order of price and bidders below the clearing price receive a refund.
Auction Module
Fixed-Price
Selling tokens at a fixed-price is a common strategy for tokens that lack liquid markets, such as vesting tokens. Sellers can gauge demand using this format but receive limited information about the configured price.
Accessibility
While they appear accessible, fixed-price sales create race conditions when used for tokens in high demand. This limits accessibility to users who pay in their time and attention to be first to the sale.
Participation
The fixed-price format guarantees participation for users who are able to access the sale in time. With this format, it pays to be early!
Auction Module
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Derivative Module
Vesting
Vesting refers to the programmatic issuance of tokens over time. Axis uses derivative modules which allow sellers to add custom vesting terms to any token being sold.
Linear Vesting
Axis uses a new multi-token standard to tokenize linear vesting positions. An optional ERC20 wrapper can be enabled for vesting tokens with the same configuration to enable fungible token integrations.
Custom Vesting
Axis makes adding new vesting modules a breeze. Reach out in the community to inquire about custom vesting solutions. Experienced developers can review our developer documentation here .
Derivative Module
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Configurability
Axis auctions have configurable callbacks and allowlists, which enable advanced auction features. Sellers can automatically and transparently make use of their auction revenue or gate auctions to a curated list of participants.
Callbacks
Advanced functions that augment auction behavior when certain conditions are met or when specific actions occur.
Allowlists
Enables sellers to gate access to a specific group of participants, such as early adopters or community members.
Contribute
Whether you’re a seasoned builder that wants to curate token launches or a DeFi power user that wants to become an evangelist, there’s a place for you at Axis.
Set your fee, connect with sellers, and curate auctions. By giving your public support and vouching for an auction, a percentage of the payout tokens can be earned.
Completed Auctions
Get a glimpse into the performance of previous auctions on Axis.
