Clanker is exploring a new generation token sale model named Clanker Auctions, expected to be based on the Uniswap CCA auction protocol and supplemented by related liquidity and vesting contracts.
This move comes after the first ICO of Clanker earlier this month was heavily criticized by the community, due to the old version presale contract having a low hard cap and no limits on participation per wallet.
MAIN CONTENT
Clanker is testing Clanker Auctions for token presale.
Designed based on Uniswap CCA, adding liquidity/vesting contracts.
The previous ICO was considered a disaster due to the hard cap of 20 ETH and the lack of wallet limits.
What is Clanker Auctions and how is it being designed?
Clanker Auctions is a new generation presale token solution that Clanker is 'exploring', expected to be based on the Uniswap CCA auction protocol and further expand liquidity and vesting contracts.
Information shared by Linda Xie (former co-founder of Scalar Capital, now joining the Farcaster team) on platform X. Accordingly, Clanker Auctions is expected to be a presale design based on an auction mechanism (Uniswap CCA auction protocol) instead of traditional presale models.
Notably, the plan to 'add contracts related to liquidity, vesting, etc.' aims to address the post-sale processes such as providing liquidity and token unlocking schedules. The original content does not specify the implementation date, auction parameters, or specific allocation structure.
Why does Clanker need to change after the first ICO?
The first ICO of Clanker earlier this month was disrupted when a whale bought the majority of the allocation, due to the hard cap being only 20 ETH and no limit per wallet.
The community calls the presale a disaster because the presale contract used an old version with a hard cap of 20 ETH. A whale sniper bought 16 ETH, equivalent to 80% of the total hard cap, causing the allocation to be heavily skewed right at the start of the sale.
In addition to the low hard cap, the lack of restrictions on the number of allocations allowed per wallet is also considered the main reason for the dominance of purchase ratios in the presale. The original content does not provide the whale wallet address or detailed remedial measures, other than the direction of Clanker Auctions.
Source: https://tintucbitcoin.com/clanker-toi-uu-presale-token-dau-gia-cca-uniswap/
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