Auctioning Process

Information about the auctioning process of a ticker when the bonding curve is completed.

🧩 How it works

When a ticker is ready to graduate to HyperCore, the protocol makes up to three consecutive attempts to register it through the auction process. Each attempt represents a progressively higher bid toward the target listing price. If an attempt fails, the system automatically advances to the next. If all fail, the liquidity is falling back to the bonding curve and a new target is set.

⚙️ Step-by-Step Auction Process

Attempt 1: 1/6 Initial Price

• The protocol first attempts to register the ticker by bidding 1/6 of the bonding target price in HYPE.

• If the auction ends before that level, it moves to Attempt 2.

Attempt 2: 2/6 Of Bonding Target Price

• The system retries the auction at 2/6 of the bonding target price.

• If the auction ends before that level, it proceeds to Attempt 3.

Attempt 3: 3/6 Of Bonding Target Price

• The system retries the auction at 3/6 of the bonding target price.

• If the auction ends before that level, it proceeds to Attempt 4.

Attempt 4: 4/6 Of Bonding Target Price

• The system retries the auction at 4/6 of the bonding target price.

• If the auction ends before that level, it proceeds to Attempt 5.

Attempt 5: 5/6 Of Bonding Target Price

• The system retries the auction at 5/6 of the bonding target price.

• If the auction ends before that level, it proceeds to Attempt 6.

Attempt 6: 6/6 Of Bonding Target Price

• A final bid is attempted using the full 100% of the bonding target price.

• If the auction ends before that level, the auction is aborted.

🔁 What happens if there are not enough HYPE for the auction?

If the reason a step is failing is due to the bidding level is higher than the available HYPE then:

• The liquidity is re-injected into the Bonding curve.

• A new HYPE target is set and the trading continues on the TickerTerminal platform.

Check out all stages setups and bonding curve targets here