According to ChainCatcher, Coinlist announced the restart of the auction function in a post on X. Unlike the traditional fixed-price public sale, the auction allows the market to determine the final token sale price.

Coinlist added that auctions are not a new model for the platform. In 2020, the platform had conducted three auction sales: Solana (offering price of $0.22), Flow (offering price of $0.38), and Celo (offering price of $1).