ACADEMY
MODULE 11
LESSON 2
How the Dutch Auction Works
In Qubic’s IPO system, the Dutch auction follows a clear structure:
1
You bid
You choose how many tokens (or “shares”) you want and how much QUBIC you’re willing to spend.
2
Everyone else bids too
The contract collects all bids during the auction window.
3
At the end
All bids are sorted by price. The system starts from the highest bid and works downward, allocating shares until all are gone.
4
Final price = last accepted bid
Every successful bidder gets the same price per share: the one set by the last accepted bid.
If your bid is too low to qualify? You get your QUBIC back automatically.
This way:
You never overpay
You don’t need to outguess others
And all participants are treated equally