Auction Coin - auction-based emission and Degen Finance autonomous machine

Development Research and Development
3

I have 2 major concerns.

  1. The contract may be predictable but people deploying new tokens are not.
    One may easily mint any token on this type of a protocol, buy 99% of the circulating supply from the contract, entice more people to buy it through the platform, then sell on top of everyone who ever buys. Just like regular centralized finance.

  2. This “This simple machine tries to accumulate as much ERG as possible and use accumulated ERGs to regularly pump AC in the pool.” is a contradictory statement.
    It’s either the contract attempts to accumulate ERG or it will accumulate shitcoins, if it sells the ERG at a fixed rate to buy these shitcoins then there is no accumulation of ERG you could say it simply uses ERG as an intermediary coin. (Not to mention it creates a predictable dump cycle for ergo which is not a healthy sign in a market)

Also, if the contract will buy-back these shitcoins will it also be selling them? At that rate does the contract become deciding factor behind the success or failure of these coins?

Tldr: this sounds economically painful to ERG itself, I would be interested to hear counterpoints to convince myself otherwise.

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