Daily Auction

The Daily Auction is Surge’s primary distribution method, designed to reward early participation while creating ongoing value for the DRIPX ecosystem.

• 24-Hour Auctions: Each auction runs for 24 hours, with new auctions opening every day. For the first ten days, the entire supply of Surge tokens will be distributed. After this initial period, the deflationary mechanism kicks in, but the auctions continue indefinitely.

• Ongoing Distribution: Thanks to the instant buy & burn model, future auctions will be sustained by market buys of Surge tokens filling the daily auction pool. This ensures that auctions remain active and that tokens continue to flow into the ecosystem over time.

• How to Participate: To join the daily auction, participants can deposit either BNB or DRIPX. The pool of Surge tokens available each day is shared among all participants based on their deposit size, meaning the larger your deposit, the larger your share of the daily pool.

• Daily Token Distribution: All tokens from the daily auction are distributed simultaneously at the start of each new day, kicking off the vesting process. This means participants will see their share of Surge tokens added to their balances each day, ready for vesting.

With its innovative structure, the Daily Auction offers participants a fair chance to acquire Surge tokens, supports deflationary mechanics, and keeps the ecosystem active and rewarding.