What is the Slop Cash token auction?
The Slop Cash Auction is the initial sale of the $SLOP governance token, hosted through Umia Finance. It uses a tailored Continuous Clearing Auction (CCA), which discovers a clearing price over time instead of assigning one fixed purchase price from the outset.
The auction is run on Robinhood Chain with USDG as its bidding currency. Of the 100,000,000 $SLOP fixed supply, 45,000,000 tokens are allocated to the auction. Check the official auction page for live status, eligibility, bidding limits and final settlement instructions.
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Slop Cash auction timeline
Restricted bidding through eligible routes, including Umia Pass, contributor proofs and allowlists.
Public access begins, subject to the auction configuration and wallet caps.
The configured ending block determines actual close; finalization and claims follow onchain.
What is Slop Cash?
Slop Cash is a funding rail for open-source work. Its model rewards accepted outcomes, including merged pull requests and approved reviews, rather than rewarding code simply because it was submitted. The $SLOP token is used to participate in governance of Slop Cash's own treasury through decision markets; it is not required to contribute code, review work or receive contributor payouts.