Auction Contribution Pool
The Auction Contribution Pool lets many small users team up to win a Macaron cake together, instead of fighting alone against big wallets.
1. Idea
Normally, in a Dutch auction, 1 person pays the full SOL price to take a Macaron cake.
With the Auction Pool, many people can contribute small amounts of SOL into one shared pool.
When the pool has enough SOL, it will place a bid as if it was a single big player.
2. How it works
A. Users contribute SOL
Anyone can send SOL into the Auction Contribution Pool for a specific Macaron cake.
The minimum join Auction pool is 0.01 SOL
Each user’s share is recorded.
B. If the pool fails to reach the target
Everyone simply gets their SOL back.
No fee, no penalty.
C. Win the auction
The “target price” is the current auction price needed to win that Macaron cake.
If the total SOL in the group reaches or exceeds the auction's current price, the contributors will own the macaron, and the mining reward will be divided equally based on their percentage of contribution.
If the pool has not yet reached the auction price and no one else joins until the auction price drops down to match the pool balance, the contract will automatically place the bid and the pool wins.
If the pool total goes above the current auction price, the pool still wins, and the last contributor to the pool will be refunded any extra SOL that was not needed.
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