Maximum Affordable Token Total
Each figure has an independent uniform-price auction. Bidders choose a maximum per-edition price and quantity; settlement finds the price level that maximizes total revenue.
1. Set one target position
Your position is maximum price per edition × quantity. V3 records one active position per wallet, figure, and round. You may raise the price or quantity while bidding is live, but you cannot lower either. The wallet sends only the exact extra ETH needed above existing escrow.
A maximum price is not the final price. ETH remains locked in the contract until the round resolves or expires, and claim transactions require gas.
2. Watch the current MATT band
Sort price levels from highest to lowest and add their requested quantities. At every cut, multiply that level's price by the cumulative editions. The highest revenue is the current MATT result; equal revenue favors more editions.
| Cut | Uniform price | Editions | Revenue |
|---|---|---|---|
| 1 | 1.0 ETH | 1 | 1.0 ETH |
| 2 | 0.5 ETH | 3 | 1.5 ETH |
| 3 | 0.3 ETH | 5 | 1.5 ETH |
| 4 | 0.1 ETH | 6 | 0.6 ETH |
The 0.5 and 0.3 cuts tie on revenue, so V3 chooses the lower 0.3 price and greater edition count. The live display is a changing signal, not a promise of the final clearing price.
3. Anyone processes settlement
When bidding ends, anyone can process up to sixteen unique price levels in one transaction. Large rounds can require several calls. V3 keeps the running best result onchain and resolves automatically when every level is processed. There is no owner-curated winner list.
4. Claim editions and refunds
- A position at or above the final clearing price may claim its full requested quantity.
- A winner may claim the difference between maximum escrow and final cost.
- A losing position may claim its full escrow.
- Refund and edition claims are separate pull transactions and can name recipients.
5. The settlement deadline is real
If settlement is not completed before the immutable grace deadline, anyone can mark the round Expired. Only after that explicit state change can participants claim their full escrow. The final production deadline will be published before bidding opens. An ended Open auction is not still “live,” and an expiry-ready auction is not yet “claimable.”
Bid on the Wave
The Wave action covers every currently live figure, up to the V3 batch limit. It requires an individual maximum for every figure. New positions request one edition; existing quantities are preserved. The site re-reads and simulates the entire block-stamped quote before opening the wallet.
Launch status
The public gallery contains no wallet connection or transaction buttons while the auction is under construction. Previous Sepolia experiments are documented only on the legacy contract page and are never presented as production auctions.