Dynamic Auction System

The CatScope auction mechanism ensures that pricing is determined fairly and dynamically through competitive bidding.

CatScope leverages a decentralized auction mechanism to allocate guest spots, or chain state read & write processors on Catscope-enabled validators. This system ensures that pricing is determined dynamically, balancing supply and demand in real-time.

How It Works

  • Validators: Run the CatScope Plugin and list on a marketpalce, providing details about their infrastructure bandwidth, pricing preferences (e.g., minimum bid), and auction parameters (e.g. auction durations). There is no need for custom coding– Catscope handles all runtime requirements.
  • Traders: Use CatScope’s tooling to bid for validator access. Factors influencing their choices include validator performance, leaderboard rankings, and node reliability.High-performance validator environments without the need to own or manage a validator.

Fair Market Pricing

  • CatBot:

    • This auction system employs a uniform pricing model
    • All winning bidders pay the price of the lowest successful bid, with higher bids refunded to match this price.
    • This model incentivizes competitive bidding while maintaining fairness for all participants.

  • CatGeyser and Transaction Processing:

    • This auction system employs a uniform pricing model
    • Bandwidth is allocated proportionally based on the size of each winning bid.
    • Higher bids receive a larger share of available bandwidth, ensuring a fair distribution aligned with demand.