So it was mentioned that auction may be used to determine the mint price of @Memeland main collection so I tried to read more about auctions from “Intermediate Microeconomics” by H. Varian It seems that Vickrey Auction is a good one to consider as it will yield Pareto efficiency
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Pareto efficient is an economic term meaning we found a way to make some people better off without making anybody else worse off.
The full chapter script below ⬇️