CAPSTRIKE

Falling-price auctions

Every unsold cap is listed by the treasury in a descending auction on RH Chain. The price holds flat for an hour, steps down once, and stops at a hard floor. You pay in ETH on-chain, straight from your wallet.

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The rule

price(k) = floor + ceil((start − floor) × (total − k) ÷ total), where k is the whole hours since the auction started. The floor is the base of the sum, so no rounding can go under it. USD figures use the fixed launch rate of $2,526.20 per ETH; the contract only knows wei.