# Auctions

The duration of the full integration of the new Hyper fueled warp speed engine will take 7 days.  

In that time, [The Warp Drive](https://docs.warp.win/warp-docs/warp/the-warp-drive) will prepare for a new frontier: Hyper-deflationary Space.

Once all WARP is minted at the end of Day 7 the Warp Drive will be ready to continually convert ETH/X28/HYPER/TINC into the fuel it needs to sustain daily auctions and embark on its daily trek between Earth and Hyper City.

#### Daily Auction Details

* Auctions are 24-hours each for ETH/X28/Hyper
* TINC Auction will open last 2 hours of every daily cycle and has a unique benefit to claim WARP at the start of the next auction cycle.
* During first 7 days there is 100,000,000 WARP tokens up for auction daily.
  * 30% allocated to ETH auction
  * 30% allocated to X28 auction
  * 30% allocated to Hyper auction
  * 10% allocated to TINC auction
* After the 7th day the daily auctions consist of 20% of all the WARP tokens in “[**the Warp Drive**](https://docs.warp.win/warp-docs/warp/the-warp-drive)” each day and will follow the same allocation described above for each input.
* **TINC burn:**
  * **Buy and Burn/Fuel**: 85%
    * Liquidity added to TitanX/TINC LP (farms) on day 8 and every 8 days after initial add
    * Farm Fees claimed every 12 days
      * TINC Fees Burned: 100%
  * **USER CALLED FUNCTIONS**
    * Create/Compound TINC/TITANX Farm 
      * 85% of TINC collected days 1-7 will be added as 50% TINC/50% TITANX
      * Buy/sell pressure to allocate 50% of TINC to TITANX will route through WARP/TINC and WARP/TITANX LPs
      * Day 8 will iniate the farm and every 8 days after will compound auctioned TINC
    * BURN TINC REWARDS
      * 12 Days after the TINC/TITANX farm is initialized, users will claim and burn 100% of TINC rewards
      * TINC reward burn will occur every 12 days after

#### Daily Auction Claiming

WARP tokens from daily auctions are given out in 3 parts based on when you joined the auction the day before: 

* WAVE 1: Auctions in the first 12 hours: Claim WARP at the start of the next auction day.
* WAVE 2: Auctions in the last 12 hours: Claim WARP starting 13 hours into the next auction day.
* TINC Auction can claim WARP at the start of the next auction day with WAVE 1

Claiming in this way protects early bidders from last-minute speculators who could harm the value after claiming. This approach safeguards those who committed early from potential drawbacks caused by late bids, **creating a more stable and fair environment for all participants**.

#### Daily Auction Game Theory

* The entire token supply is released through the first 7 days.
* This allows WARP to immediately enter a deflationary phase after 7 days.