Gnosis Dutch Auction ICO · interactive mechanism simulation

Price descends continuously from a ceiling; bidders send ETH into the capped pool; the auction ends the instant the cap fills, clearing everyone at the lowest price reached — and time-scaled supply release means a fast fill starves public distribution.
Bidders send ETH Descending price ~$30.00 / GNO Auction contract cap 12.5M USD ETH raised 0.0 ETH Clearing price not set Public buyers 0.0% of supply Team retained 100.0% of supply
Bids simulated
0
ETH raised
0.0 / cap
Elapsed time
0s of window
Public allocation
0.0% of 10M GNO
Parameters — edit me
$30
$12M
14 days
0.8/s
Failure mode
Controls

Illustrative simulation. Mirrors the April 2017 Gnosis mechanism — a descending price ceiling, a fixed USD-denominated cap, uniform clearing price, and a time-dependent public/team split of the 10M GNO supply — but bid sizes and timing are randomized for visualization, not live onchain data. Drag the sliders, or trigger a FOMO rush to see the cap fill fast near the ceiling, just like the real sale did in ~10 minutes. Part of The Onchain Experiment Atlas.