An explanation of Dutch auctions, and why we’re using one to distribute remaining unowned LAND by decentraland

decentraland · @decentraland · Nov 19 '18

$1.08

An explanation of Dutch auctions, and why we’re using one to distribute remaining unowned LAND

The LAND auction is just around the corner! In anticipation of the event, we want to help explain in more detail exactly how the auction will work.
Learn more on our blog: https://decentraland.org/blog/technology/how-will-the-land-auction-work

![Technology (1).png](https://cdn.steemitimages.com/DQmYCbvJomCXhHXdVtMcQU5tdYRLh4s9Nye6nmXoBZp1dTY/Technology%20(1).png)

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👍 creativecrypto, scandinavianlife, sndbox, alaqrab, marcusbraeburn, lovemetouchme2, stealthtrader, crypto3d, rxhector, decentraland, somethingburger, steemitag, remotehorst23, eosmastering, cryptastic, aclcrypto2, eric-boucher, angelinafx, balder, paololuffy91, voronoi, teamruffs, charlimr, unitsbus, vitalikrude, anschat1984, mingdomnirds, approvalfoam, mrxoxland, swinhoecolobus, stewem, shortsminge, clunklarge, strangetwelve, aleindium, loft505, vtemnotu, lilihaovhan, holderroots, firepoint, kiraluchkova, meyukekogev, annetlitvin, bumpyforster, kaymay, blockgames, jadabug, votes4minnows, baronvonbitcoin, playitforward, erb, cc-billboard, asridsyaref, krguidedog, twotoedsloth, dayoung, hansikhouse, accountshop, blockface, asbear, epicenter, luvabi, enjincoin, databits, and 9 others

`author`	decentraland
`permlink`	an-explanation-of-dutch-auctions-and-why-we-re-using-one-to-distribute-remaining-unowned-land
`category`	decentraland
`json_metadata`	{"tags":["decentraland","mana","community","crypto","news"],"image":["https://cdn.steemitimages.com/DQmYCbvJomCXhHXdVtMcQU5tdYRLh4s9Nye6nmXoBZp1dTY/Technology%20(1).png"],"links":["https://decentraland.org/blog/technology/how-will-the-land-auction-work","https://discordapp.com/invite/9EcuFgC","https://twitter.com/decentraland","https://www.reddit.com/r/decentraland/","https://t.me/decentralandTG","https://developers.decentraland.org/"],"app":"steemit/0.1","format":"markdown"}
`created`	2018-11-19 15:08:51
`last_update`	2018-11-19 15:08:51
`depth`	0
`children`	0
`last_payout`	2018-11-26 15:08:51
`cashout_time`	1969-12-31 23:59:59
`total_payout_value`	0.829 HBD
`curator_payout_value`	0.254 HBD
`pending_payout_value`	0.000 HBD
`promoted`	0.000 HBD
`body_length`	740
`author_reputation`	11,999,310,604,993
`root_title`	"An explanation of Dutch auctions, and why we’re using one to distribute remaining unowned LAND"
`beneficiaries`	`[]`
`max_accepted_payout`	1,000,000.000 HBD
`percent_hbd`	10,000
`post_id`	75,560,459
`net_rshares`	1,741,702,482,249
`author_curate_reward`	""

properties (23)vote details (73)

voter	rshares	pct
eric-boucher	1,602,725,126	0.5%
stealthtrader	16,615,367,490	100%
rxhector	8,384,667,619	100%
alaqrab	97,249,294,375	100%
hansikhouse	177,226,282	0.5%
voronoi	533,720,489	1%
lovemetouchme2	18,787,808,988	12%
toonpunk	0	100%
erb	295,014,264	1%
cryptastic	2,733,805,268	10%
luvabi	97,939,127	0.5%
scandinavianlife	131,495,635,869	100%
asbear	115,351,263	0.5%
asridsyaref	275,051,600	10%
blockface	133,503,166	100%
sndbox	115,259,250,321	1%
somethingburger	5,195,772,871	50%
dayoung	213,471,769	0.5%
jadabug	440,484,297	1.2%
krguidedog	258,427,729	0.5%
playitforward	314,355,654	0.3%
steemitag	3,301,895,427	10%
crypto3d	14,132,968,332	100%
marcusbraeburn	25,748,667,042	100%
accountshop	155,651,319	100%
funfair	72,897,379	100%
decentraland	5,494,165,171	100%
databits	81,259,072	100%
livecoinwatch	72,887,130	100%
bitcoindark	72,884,719	100%
cryptogrinders	72,863,616	100%
epicenter	112,463,360	100%
angelinafx	1,050,505,217	0.7%
creativecrypto	1,267,090,612,302	100%
ethercraft	72,579,095	100%
ethermon	72,579,088	100%
enjincoin	84,756,493	100%
hodlgang	72,506,088	100%
loft505	524,813,166	100%
annetlitvin	523,282,014	100%
lilihaovhan	524,119,824	100%
remotehorst23	3,261,651,857	50%
meyukekogev	523,464,814	100%
balder	736,549,909	100%
cryptodespot	72,319,170	100%
baronvonbitcoin	424,720,496	100%
kiraluchkova	523,824,749	100%
aleindium	524,900,928	100%
strangetwelve	525,073,081	100%
holderroots	524,042,842	100%
bumpyforster	523,223,125	100%
cc-billboard	282,938,982	100%
firepoint	523,962,206	100%
vtemnotu	524,708,503	100%
blockgames	442,622,443	100%
twotoedsloth	231,519,354	0.5%
paololuffy91	543,071,686	20%
clunklarge	525,636,650	100%
shortsminge	526,019,727	100%
aclcrypto2	1,679,611,479	100%
eosmastering	3,032,275,636	100%
stewem	526,498,104	100%
votes4minnows	439,650,873	3%
anschat1984	527,371,593	100%
charlimr	527,730,519	100%
vitalikrude	527,400,167	100%
mrxoxland	527,283,996	100%
teamruffs	528,790,315	100%
swinhoecolobus	527,280,841	100%
approvalfoam	527,287,408	100%
unitsbus	527,716,562	100%
mingdomnirds	527,325,007	100%
kaymay	522,779,806	100%