Hyperbolic Auction Smart Contract
Address
Read-Only Functions
Calculates the average price of each token from all commitments.
Returns auction price in any time.
Returns the current price of the token. The current price is proportional to the total period of the auction and the current time elapsed.
Calculates total amount of tokens committed at current auction price.
Calculates the amount able to be committed during an auction.
Returns True if token price is greater or equal to the clearing price.
Returns True if auction is successful or auction time has ended.
Returns True if auction is finalized.
Returns true if 14 days have passed since the end of the auction.
Returns number of tokens user is able to claim.
Returns basic information: auction token, auction start time, auction end time, auction status
init function
Init functions can only be called once
Name | Description |
_funder | The address that funds the auction |
_token | The address of the token to be auctioned |
_totalTokens | The total number of tokens for auction |
_startTime | Auction start time |
_endTime | Auction end time |
_paymentCurrency | The currency the hyperbolic auction accepts as payment. Can be ETH or token |
_factor | Inflection point of the auction |
_minimumPrice | The minimum auction price |
_operator | Address that can finalize auction |
_pointList | Address that will manage auction approvals |
_wallet | Address where collected funds will be forwarded to |
Buy a token
Use ETH to buy tokens. Checks the amount of ETH to commit and adds the commitment. Refunds the buyer if commit is too high. Requires Market Participation Agreement.
Buy Tokens by committing approved ERC20 tokens to this contract address. Requires Market Participation Agreement.
Finalize Auction
We can finalize the market auction if we have the required role or the time for auction has expired. If the auction is successfully finalized, the payment is forwarded to the specified wallet. If the auction is not successful, all the auction token is sent back to the wallet.
If the auction was successful it transfers the claimed tokens to the buyer. If not successful sends the funds back to the buyer.
Can call this function to cancel the auction if need be. Only the admin can cancel the auction. If the auction is finalized or fund is already raised, the auction can not be cancelled.
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