Tokensoft Inc., the leading technology platform for creating and launching digital assets, announced today that it officially supports the Gnosis Auction, a style of batch auction known for its fair pricing mechanism. Tokensoft customers will now be able to engage with their community and raise funds through a decentralized batch auction format while following applicable regulations.

According to Mason Borda, Tokensoft CEO, “Price discovery is the most important aspect of running a successful sale. Gnosis Auctions provide an open and fair method for connecting DeFi projects with their community. Connecting Tokensoft’s compliance with open auction mechanisms creates a powerful combination to bring the Gnosis Auction solution to the world.”

Tokensoft customers can use private Gnosis Auctions to achieve the following benefits:

  • Conduct various auction rounds for different community groups
  • Hold fair auctions not subject to MEV attacks or front running
  • Ensure price discovery in a fair manner, with a single clearing price

Token buyers using the Gnosis Auction integration get a seamless experience: after qualifying to participate in the offering, they are sent to the auction interface and can contribute funds directly from Metamask, without needing to understand the details of whitelisting for private Gnosis Auctions.

According to Gnosis’ CEO Martin Köppelmann, “While Gnosis Auction is completely permissionless and allows anyone to start any auction, some teams will have additional needs for services around the core auction. We believe that with the Tokensoft integration, those needs can be served, specifically allowing teams to follow compliance requirements while still embracing decentralization and permissionless financial innovation.”

We’re excited that Tokensoft customers will now be able to achieve the best of both worlds, with Tokensoft’s industry leading compliance with the highly innovative Gnosis Auction smart contracts. To find out more about Tokensoft’s technology platform for blockchain projects, contact us at https://tokensoft.io

About Tokensoft

Founded in 2017, Tokensoft is a technology platform for creating and managing digital assets, based in Austin, Texas. To date, Tokensoft has helped create over $10 Billion in market capitalization with projects such as Avalanche, The Graph and INX.

About Gnosis

Gnosis builds new market mechanisms for decentralized finance. Our three interoperable product lines allow you to securely create, trade, and hold digital assets on Ethereum.