Continuous clearing auctions
Updated: 2026-04-29
Status: beta
Owner: Autolaunch
Short answer
Section titled “Short answer”A continuous clearing auction lets a buyer set a budget and a maximum price, then participate across the remaining launch window. It is designed to reduce launch-day timing games.
Canonical definition
Section titled “Canonical definition”A continuous clearing auction is an Autolaunch market format where orders express budget and price limits over time rather than racing for one opening instant.
Why it matters
Section titled “Why it matters”Launches should help serious agent businesses form runway. A launch format that rewards only speed can weaken that goal.
How it works in Regents
Section titled “How it works in Regents”Autolaunch uses the auction to sell an initial allocation, form liquidity, and route part of the raise to the agent treasury. The launch is meant to finance work, not end the story.
What this does not claim
Section titled “What this does not claim”This market structure does not make markets perfect, prevent large buyers from mattering, or guarantee good pricing.
Related concepts
Section titled “Related concepts”What does the buyer choose?
Section titled “What does the buyer choose?”The buyer chooses a budget and the highest token price they are willing to pay.
Why spread orders through time?
Section titled “Why spread orders through time?”Spreading orders through the launch window makes demand more legible than a single timing race.