# Introducing Fair Protocol

By [Fair Protocol](https://paragraph.com/@fair-protocol) · 2023-09-28

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We are delighted to announce the launch of [Fair Protocol](https://fairprotocol.eth.limo/), an initiative to provide the budding ethereum space with decentralised and fair token price discovery. This feature-rich platform will support the sale of ERC 20 tokens on Ethereum, Gnosis, Polygon and Avalanche, BNB and Base chains (with more coming soon).

With Fair, DAOs, dApps and institutes or retailers can easily launch tokens, obtain liquidity and build a community, all in one go!

![Making Auctions Fair](https://storage.googleapis.com/papyrus_images/7ac9fa6cd6a194e1b411fd4956778a61c890f901ad5520c3c39589ca1e0bd859.png)

Making Auctions Fair

### Making Auctions Fair

At its core, the protocol provides auctioning of ERC-20 in a Batch Auction format. With batch auctions, the auctioneer sets the total amount of tokens sold at the auction and the minimum bidding price for each token. The bidder has total freedom to decide how much they want to spend and for whatever price they feel is relevant to the token.

This auction model allows the community to determine the price of the token, making it an equitable and trustless model for token price discovery.

![The different types of Auctions](https://storage.googleapis.com/papyrus_images/ef52c3c059b4b5e378d6426da93dccaeb54bc37043cfc5ce08313859c9a561ba.png)

The different types of Auctions

The only factors that influence the outcome are the price you want to pay per token and the amount you are going to spend during the auction. Every bidder starts in the same position and gets a token allocation based on the clearing price that the aggregated bidders deemed fair during the auction.

All winners will thus receive their tokens at the same clearing price. And if a bidder doesn’t win, their bids can immediately be reclaimed once the auction ends.

![Secured Private Auctions](https://storage.googleapis.com/papyrus_images/d6f2e5ddfc0d7192fe6c4a5aec52d4273553d2af1ab6906e205d7191a8e7db87.png)

Secured Private Auctions

### Secured Private Auctions

One of our key features is the ability to host private auctions. Auctioneers can sign a whitelist of addresses that are eligible to participate in their chosen auction. This mechanism allows both the auctioneer and bidder a greater sense of security and further reduces the possibility of price manipulation on our platform.

![Open Source Growth](https://storage.googleapis.com/papyrus_images/29fe1d163b04290af5ce1679193595cbbf9ccf65ddc3dd9f8c452fbd3e8272ee.png)

Open Source Growth

### Open Source Growth

We know that decentralisation always meant giving power to the people. Our protocol was built from the ground up to focus on decentralisation and thus we would like to invite budding developers to contribute to our project.

Our GitHub repo can be found here: [https://github.com/FairProtocol/fair-ux](https://github.com/FairProtocol/fair-protocol-ux). Spot an error or issue and feel like you have a fix, raise a PR! At Fair, we believe in the power of the community.

With the launch of Fair, we hope to continue to provide the ecosystem with the right tools to advance organisations, initiatives and innovations in a decentralised manner. We hope you enjoy using the platform as much as we did in building it and look forward to the community’s feedback!

To provide us with any valuable feedback, head over to our Discord group here: [https://discord.gg/287DcFss6F](https://discord.gg/287DcFss6F). To follow us on our socials, check out our Twitter here: [https://twitter.com/Fair\_Auction](https://twitter.com/Fair_Auction)

> Let’s make the future fair with Fair Protocol!

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*Originally published on [Fair Protocol](https://paragraph.com/@fair-protocol/introducing-fair-protocol)*