At the floor
3d
1,274 STANDARD, the cheapest it gets today
Branch auction
100 of 100 sold. Next 100 open in 10h 43m, at 29,528 STANDARD.
Sold out at
14,764
STANDARD · $3,360.52 at spot
Opened at 23,777 and cleared all 100 licences within 3 hours, well above the 1,274 floor. Waiting was never an option.
Tomorrow opens at
29,528
STANDARD, 2x the clearing price. In 10h 43m.
Today's auction, finished
Each dot is a licence that cleared. They bunch at the left because the allocation goes early, so the cheap end of the curve is mostly theoretical.
| Hour into the day | Price | Pays back in | Ignoring dilution |
|---|---|---|---|
| 0h | 23,777$5,411.93 | 333d | 41d |
| 2h | 17,186$3,911.74 | 123d | 29d |
| 4h | 12,525$2,850.94 | 58d | 21d |
| 6h | 9,230$2,100.85 | 32d | 16d |
| 8h | 6,900$1,570.45 | 20d | 12d |
| 10h | 5,252$1,195.40 | 13d | 9d |
| 12h | 4,087$930.20 | 10d | 7d |
| 13.3hnow | 3,526$802.64 | 8d | 6d |
| 14h | 3,263$742.68 | 7d | 6d |
| 16h | 2,680$610.08 | 6d | 5d |
| 18h | 2,268$516.32 | 5d | 4d |
| 20h | 1,977$450.02 | 4d | 3d |
| 22h | 1,771$403.14 | 4d | 3d |
Waiting is cheaper and risks the day selling out, and so far the day has always sold out. Today it was gone by 3h, so rows below that never happened. At the floor a branch is priced at 2 days of its own issuance by design, which is why the bottom row lands close to that.
At the floor
3d
1,274 STANDARD, the cheapest it gets today
At tomorrow's open
770d
29,528 STANDARD, 2x the last clearing price
Last cleared at
14,764
STANDARD. Sets what tomorrow opens at.