The New Polygon (MATIC) Web3 Subscription Platform Follows the Dutch Auction Trend

Jamie Larson

• 3 min read
The New Polygon (MATIC) Web3 Subscription Platform Follows the Dutch Auction Trend

Dutch auctions are becoming increasingly popular in the cryptocurrency market. They provide more equitable bidding conditions for all participants. Especially given the current challenges that crypto, IEOs, and IPOs face. Specifically, crypto whales close sales quickly by purchasing everything before anyone else.

FrontFanz has moved onto a 20-day IEO sale on ExMarkets that began on July 20th and is currently on day 5 of the sale and has sold out all previous days after successfully closing a 500K USD strategic investor round and a 625K USD private sale round. The current auction is held in the same manner as the Dutch auction.

The Definition of a Dutch Auction

A Dutch auction, also known as a clock auction or descending-price auction, is a non-fixed-price auction. Instead, participants in the auction are invited to offer their own prices for the desired amount. When all bids have been placed, the auctioneers begin the auction with the highest bid of all bids placed.

To put it another way, if a person bids $100 for 100 stocks but the highest price for 100 stocks is $70, the person will receive the 100 stocks for $70. A Dutch auction is often regarded as a more democratized type of auction, particularly in the cryptocurrency market. The Dutch auction allows all interested parties to bid, regardless of their net worth or financial standing, because there is no set price.

In a Nutshell: FrontFanz's Blockchain, Mission, Vision, and Token Utility

FrontFanz is a censorship-free Web3 subscription content platform built on the Polygon (MATIC) blockchain. FrontFanz, founded by Rosey Sin and Stacey Carlaa, two well-known social media figures, is the answer to some Web2 content-sharing platform limitations that creators face today.

There will be no more one-sided censorship, chargebacks, third-party involvement, or even delayed or denied payment. Content creators can finally express themselves freely, receive fair payment, and communicate with their fanbase like never before thanks to FrontFanz.

Despite the fact that FrontFanz is still in its early stages, the platform already has over 400 ambassadors with over 32 million followers worldwide. Sonia Amat, Swedish Bella, Ana Espinola, Dalila Ortega, Andrew England, Ruby Alexia, Crystal Foster, Alenee Aisha, Borbala Kreutz, and Jade Filomena are among the well-known influencers who have joined FrontFanz.

FrontFanz was built on the Polygon blockchain to achieve one of its primary goals of independence from third parties and their involvement in payment. This decentralized blockchain is famous for serving as the second layer of Ethereum-based blockchains. It functions as a middleman, assisting Ethereum with new projects by providing dedicated tools to increase speed and reduce transaction fees to a bare minimum.

FrontFanz also has its own token, FANZ, which can be used to access various platform benefits. Its primary advantages are as follows:

  • Voting Rights
  • Purchases Made On-Platform
  • Staking
  • Platform-Wide Savings
  • FrontFanz MarketPlace access

Why Should You Take Part in the FrontFanz IEO Sale on ExMarkets?

ExMarkets is a next-generation cryptocurrency crowdfunding platform that focuses on providing the tools required for crypto projects to succeed. It is the world's leading cryptocurrency crowdfunding platform, leveraging the power of the community to provide capital solutions to promising crypto initiatives.

ExMarkets provides a variety of services, including an IEO launchpad, token listing, and market-making services, staking, ambassadorships and partnerships with industry leaders, and open staking pools.

FrontFanz's first-round private sale, which represents 5% of the total supply and has a vesting period of 15 months, was oversubscribed and sold out in less than 72 hours. As FrontFanz's popularity grows, the platform organized a 20-day public IEO sale in the Dutch auction style on July 20th. This provides equal opportunities for all sale participants to obtain FANZ tokens at a lower cost. Remember that supply is limited, so if you're interested, sign up for the IEO on ExMarkets!