After an initial moderate rush during the first hours of the launch, we’ve had a steady inflow of bids and KYC sign ups, with an increasing average bid size recently.

We’ve been working on some minor issues during this week and added a few new features to make the system more user friendly.

Stats Snapshot

ETH raised: ~56,000 ETH

Number of unique addresses: 2268

Number of KYC sign ups: 1780 of which 1253 seem to wait for a lower price

Overall average bid: 21.48 ETH

Average bid for bids over 2.5 ETH: 79.91 ETH

Added: Price Alert Tool

Our goal is to host a calm, no FOMO Dutch auction. This depends on participants having good tooling to decide on the time of their contribution. To improve the user experience, we’ve updated the site with a price alert tool. It works by simply clicking on the “price alert” link or the graph on the token page, entering the email address and choosing the price level. Once the price is met, an email is sent as a reminder.

Check it out, we think it’s an easy to use and useful addition.

Conclusion after one week

Things have so far run smoothly, yet without the auction being boring. We’ve talked to quite some folks and everybody has different ideas about when the auction will end.

So some thrill remains!

The Raiden project is led by brainbot labs Est.