AuctionCoin is a decentralized financial game where tokens are periodically emitted through auctions. The capital acquired from the auctions' proceeds will be used to buy back AuctionCoin tokens from the liquidity pool.

This represents a specific implementation of the Auction Coin protocol, which defines a decentralized and fair mechanism for distributing tokens in the free market. This protocol can be used to distribute tokens, provide liquidity, raise funds, etc.

More information can be found in the [Auction Coin whitepaper]