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cancel_auction.md

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Abstract

Propose to remove the auction mechanism but instead consuming NEST (Pay to the NEST DAO ) for initializing any new price pair.

Therefore, depreciate 5% NToken mining reward for the price pair bidder. Through maintaining the rewards sharing arrangement prior to the 3.5 release

We call for suggestions and ideas on the exact amount NEST to be paid and/or the detail of mechanism of this proposal

Motivation

Lower the entry barrier of creating new price pairs. Increase the number of quoted assets in NEST ecosystem

Specification

Rationale

Implementation