According to Odaily Planet Daily, Coinlist announced the restart of the "auction" function in a post on X. Different from the traditional fixed-price public sale, the "auction" allows the market to determine the final token sale price.

Coinlist added that “auction” is not a new model for the platform. In 2020, the platform conducted three “auction” sales: Solana (offering price was US$0.22), Flow (offering price was US$0.38), and Celo (offering price was US$1).