Glossary

Dutch auction

A declining-price sale in which an item is listed at a high starting price that drops by set steps (here, hourly) until someone buys it or it reaches a floor price. Used by NFT projects to let early buyers pay more and late buyers pay less.

Related stories

• D13's block-timestamp dig dates Algorand's real MainNet launch to June 12, 2019 D13.co's MainNet Archaeology post reads Algorand's earliest blocks — 6,637 capped 25-second round times before timestamps settle — to date the real launch to June 12, 2019, and opens an on-chain vote on the question.
• Algorand birthday site pins 8th anniversary to June 12, 2027 — dug from block records Profile of isitalgorandsbirthday.com: D13's annual countdown and free NFT drop now targets June 12 for the 8th year — a date the author reconstructed from MainNet block timestamps.