TokenInsight news, IDO platform Locke Protocol has announced that it will go live soon. Officials say that its streaming auction model can be considered a special case of TWAMM, with advantages such as avoiding Gas War and avoiding retroactive dilution, ensuring that every participant participates in the auction as a TWAP (time-weighted average price) order. In the streaming auction model, market participants are free to move their deposit tokens in and out of the auction pool, with each participant receiving a proportional share of the bonus tokens. Deposits in the pool are locked linearly over time, and locked deposits may not be withdrawn. The average exchange rate received by each market participant depends on the timing of their deposits and withdrawals.
