The auction is an important mechanism within the Dotflat system, managed by a dedicated smart contract. It operates under three main scenarios: collateral liquidation, RLE token buyback, and issuance of new tokens to replenish the stabilization fund. Let’s go over each scenario in detail.

Collateral Sale
When the value of Ethereum decreases, the system requires flatcoin holders to increase their collateral. Users have 24 hours to restore the balance. If this condition is not met, the collateral is automatically sold through an auction to cover the debt.

▪️ How it works:
The auction can be initiated automatically by a bot or manually. All flatcoin holders can place bids, offering a price for the collateral. The auction uses an ascending format, where each new bid must be at least 5% higher than the previous one.

A bot will be available to place initial bids, taking into account the market value of Dotflat flatcoins. Since the bot is open-source, users can adapt it for their needs and actively participate in auctions. More details about the bot will be shared in an upcoming post.

RLE Token Buyback
If there is an excess of funds in the stabilization fund, the system holds an auction to repurchase and burn governance tokens (RLE), helping to maintain flatcoin price stability. This auction is open to RLE token holders.

▪️ How it works:
Participants offer the number of RLE tokens they are willing to sell for a fixed amount of flatcoins. The bid with the highest number of tokens offered wins.

Replenishment of the stabilization fund
When the stabilization fund has insufficient resources, the system calculates the necessary amount in flatcoins and issues new RLE tokens. A descending auction is then held, where flatcoin holders bid on how many tokens they are ready to purchase for the determined amount. The lowest bid wins.

▪️ Regulation of the process:
● Each auction step lasts 15 minutes. If no new bids are made within this period, the auction concludes.
● The minimum bid increment is 5%.
● Parameters such as duration and bid increments can be adjusted through user voting.

Auction participation functionality is partially available on our website. Users can also engage in auctions directly via blockchain explorers or customized bots.

Stay connected with us on social media to keep up with all the latest updates and opportunities! ⭐️

🎄 Dear friends!
The year 2024 has been a milestone for the Dotflat team. We successfully initiated the Dotflat project and achieved significant progress in its development.

🔘Deployed and tested smart contracts on the Ethereum test network and are now preparing to migrate the system to the mainnet.
🔘Published the Dotflat Light Paper and completed the main stage of work on the White Paper.
🔘Launched the project's social media accounts, where we regularly shared updates about various aspects of the Dotflat system.
🔘Actively worked on the project's website.

▪️ The upcoming year promises to be just as dynamic and productive. We sincerely thank you for your support and trust, which continue to inspire us to move forward. May this holiday season bring you warmth, joy, and nothing but positive emotions.

Merry Christmas and Happy Holidays! ✨

#Dotflat #Flatcoins

We’ve launched the official Dotflat website!
Now you can learn everything about our system, its features, and its benefits ▪️

What’s available on the website:
🔘Project information: the core ideas and philosophy of Dotflat.
🔘Platform overview: how flatcoin issuance works, the specifics of linking to a commodity basket, and the role of governance tokens.
🔘System benefits.
🔘Frequently Asked Questions.

Soon, the website’s functionality will be expanded. We’ll add tools for purchasing RLE tokens and issuing Dotflat flatcoins.

Follow us on social media to stay updated, and don’t forget to visit dotflat.io! 💚

#dotflat_announcement

Dotflat is a fresh take on the digital economy, combining traditional banking, long-term investments, and blockchain technology. Our system includes two types of tokens: flatcoins and governance tokens, also known as RLE-tokens. They serve different purposes but together ensure the stability and growth of the ecosystem. In this post, we’ve gathered all the key details about Dotflat’s governance token.

What is the RLE-token?
Governance tokens act as "shares" in the Dotflat project. Holders gain the unique right to participate in system governance. RLE-tokens allow voting on critical decisions such as:
🔘The composition of the commodity basket backing the flatcoin’s value
🔘Interest rates for credit issuance
🔘The size of the stabilization fund

💡 How can you get RLE-tokens?
1. Buy them during the presale and IDO. The presale is launching very soon and will take place on Cellframe DEX.
2. Participate in the additional issuance auction. If the stabilization fund cannot provide the necessary amount of flatcoins, an auction for issuing new RLE-tokens is launched. You can purchase tokens and support the project’s development.

Holders of Dotflat governance tokens earn profits from the difference between the credit issuance rate (9%) and the flatcoin staking rate (8%) (we covered the Dotflat staking program in this post). All revenue from this mechanism is distributed among governance token holders, making them beneficiaries of the ecosystem — essentially acting as Dotflat’s "shareholders".

The first batch of RLE-tokens will be available for purchase on Cellframe DEX, with several orders placed there.

Don’t miss your chance to acquire RLE tokens during the presale, which is launching very soon! We’ll be sharing more details in upcoming posts — stay tuned for updates so you don’t miss out!💚

#dotflat_presale

▪️ The pre-sale of Dotflat governance tokens is launching soon — an excellent opportunity to join the project at an early stage. To provide you with more insights, today we’ll dive into our tokenomics and discuss the steps ahead.

The Dotflat governance token has already been issued on the Ethereum network. The total supply of RLE tokens is 1 million, and we are currently transferring them to CF-20 for the pre-sale. Rule tokens play a key role in system governance, development, and liquidity formation.

💚 Governance Token Distribution:
• Pre-seed — 50,000 RLE (already allocated)
• Advisers — 50,000 RLE (already allocated)
• Pre-sale — 240,000 RLE
• IDO — 360,000 RLE
• Liquidity — 100,000 RLE
• DFC team — 200,000 RLE (already allocated)

💚 Pre-sale
A total of 240,000 RLE tokens will be available for purchase during the upcoming pre-sale. RLE tokens can be acquired with USDC and ETH on Cellframe DEX. Later, we will establish liquidity pools with the same pairs on UniSwap.

💚 Liquidity
To ensure liquidity, we have allocated 100,000 RLE, which will be used to create trading pairs. After the pre-sale, we will launch RLE/DFC and RLE/ETH pairs on UniSwap and Cellframe DEX. Liquidity on these platforms will allow users to seamlessly exchange tokens while we build a sustainable model.

💚 IDO
Our IDO strategy will be developed after the pre-sale. By then, we will have data to determine the most efficient token distribution approach based on the project’s needs.

Participating in the Dotflat pre-sale is a chance to become part of the project from the very beginning. Stay tuned for updates and don’t miss your opportunity!

#dotflat_presale

▪️ We are launching the presale of Dotflat governance tokens (RLE)! Orders with the RLE token (USDC/RLE pair) are now available on Cellframe DEX. You can purchase tokens directly through the Cellframe exchange or on the project website.

📌 Please note that in both cases, you will need the Cellframe Dashboard and a wallet with CF-20 tokens (USDC and CELL for fee payments).

⭐️ Once the first orders on DEX are filled, we will also create a swap pool with the ETH/RLE trading pair on Uniswap, followed by pools with flatcoins and governance tokens (DFC/RLE). The same pairs will be available on Cellframe DEX. The price differences between these platforms will create attractive conditions for arbitrage.

⭐️ Funds raised from the presale will primarily be used to conduct an external audit of our smart contracts, which play a key role in the Dotflat system. A portion of the funds will also go toward marketing and increasing liquidity.

The detailed guide on using Cellframe DEX is available on the Cellframe blog.

▪️ Buy RLE tokens on Cellframe DEX or on the Dotflat website and join the project right now!

#dotflat_presale

📢 This Thursday, March 6, join us for a joint AMA session with Dmitry Nagornykh, Dotflat CEO and Dmitry Gerasimov, Demlabs CEO and Cellframe Project Lead!
We'll discuss the first results of the Dotflat token presale and the future development plans for the project and the Cellframe ecosystem as a whole.

➡️ Submit your questions for the speakers through the special form on the website or leave them in the comments to this post.

📌 March 6
☑️ 12:00 UTC
Format: video

Where to watch:
● Cellframe Youtube Channel

Don’t miss the chance to hear the latest updates on the Dotflat and Cellframe projects! We look forward to seeing you at the stream!

#AMA_cellframe #AMA_dotflat

⚡️ We’ve prepared the text version of the joint AMA session with Dmitry Nagornykh, Dotflat Project Lead, and Dmitry Gerasimov, Demlabs CEO and Cellframe Project Lead, which took place on March 6th.

During the stream, we discussed the first results of the Dotflat governance token presale, as well as the future development plans for the project and the overall Cellframe ecosystem.

💜 Read it on our blog on the Cellframe website!

#AMA_transcript_cellframe #AMA_transcript_dotflat

Presale of Governance Tokens: important details and results! ▪️

It’s been over a month since the start of the RLE governance token presale. We’d like to thank everyone who has already participated and purchased RLE tokens! Your support helps us grow the Dotflat system, and we are doing everything we can to live up to your trust.

The presale results have laid a strong foundation for the further development of the project. We’ve already allocated part of the funds raised towards the issuance of the first Flatcoins (DFC) on the Ethereum network.
Currently, the issuance is available only via Etherscan (we’ll publish a guide on how to use it soon), but we will be adding functionality for issuing and staking DFC on the website very soon.

All issued DFCs are backed by excess collateral in Ethereum to ensure additional system stability.

What else is important?
🔘RLE is now available on Ethereum! We’ve opened liquidity pools for DFC/RLE and DFC/ETH on Uniswap. You can not only buy RLE in the DFC pair but also sell the tokens at a price close to the initial placement ($5 per token), receiving DFC in return.
🔘The RLE token presale is ongoing on Cellframe DEX and on the project’s website.
🔘You can now purchase RLE tokens via the console! On the presale page, we’ve added command examples for Cellframe Node and Cellframe Dashboard. Simply copy the required command from the website and, if necessary, change the value — this is the amount of RLE you wish to purchase.

We continue to develop the project and are preparing even more opportunities! Stay tuned for updates and join Dotflat! ⭐️

#dotflat_presale