module incatokens import math // AuctionConfig contains the parameters for simulating a Dutch auction. @[params] pub struct AuctionConfig { pub mut: demand f64 // The total USD demand from all participants. min_price f64 // The minimum acceptable price per token (reserve price). token_supply f64 // The total number of tokens available for sale. } // AuctionResult holds the outcome of a simulated Dutch auction. pub struct AuctionResult { pub mut: tokens_sold f64 // The total number of tokens sold. clearing_price f64 // The final price per token. usd_raised f64 // The total funds raised. fully_subscribed bool // True if all tokens were sold. } // simulate_auction performs a simplified Dutch auction simulation. // It determines the market-clearing price based on total demand and token supply. pub fn simulate_auction(config AuctionConfig) !AuctionResult { demand := config.demand min_price := config.min_price token_supply := config.token_supply // If there are no tokens to sell, the auction is trivially complete. if token_supply <= 0 { return AuctionResult{ tokens_sold: 0 clearing_price: 0 usd_raised: 0 fully_subscribed: true } } // Calculate the implied average price if all tokens were sold given the total demand. implied_avg := demand / token_supply // Scenario 1: Demand is not high enough to meet the minimum price for all tokens. if implied_avg < min_price { // The auction clears at the minimum price, resulting in a partial sale. // The number of tokens sold is determined by how many can be bought with the total demand at the minimum price. tokens_sold := math.min(demand / min_price, token_supply) return AuctionResult{ tokens_sold: tokens_sold clearing_price: min_price usd_raised: tokens_sold * min_price fully_subscribed: tokens_sold >= token_supply } } // Scenario 2: Demand is sufficient to sell all tokens at or above the minimum price. // The auction is fully subscribed, and the clearing price is the implied average price. return AuctionResult{ tokens_sold: token_supply clearing_price: implied_avg usd_raised: demand fully_subscribed: true } }