---
# System prepended metadata

title: Frontend for Gravity Auction Module

---

# Frontend for Gravity Auction Module

## Brief
* Create a frontend for the Gravity Auction module
* Requested Funds: 5522319Grav ($10.000 + $2.000)
* Maintenance and hosting for 1 year


## Abstract
The v11 update introduced the, previously funded, auction module created by Notional. The auction module allows users to bid for a portion of the bridge fees in exchange for GRAV tokens. 

This proposal will fund the development and maintenance/hosting of an open source, gravity branded frontend. The webapp will be probiding an UI for the auction module, similar to the Injective app https://hub.injective.network/auction/.

Users will be able to see auctions and bid on auctions. Furthermore, the app will keep track of all historical auctions and their highest bidders. 

## Funding

We are requesting 5522319 GRAV from the community pool which equal $12.000 (price per token $0.00217263) at the time of writing. 

This amount is made up of the initial $10,000 and a 20% volatility margin.  

The tokens will go to a multisig consisting of the followig members:
* Notional (I think they will do it)
* Luisqa/Interbloc
* Can we add more?

Upon completion, the tokens will go to a vesting account controlled by Interbloc with a vesting duration of 1 year. In this time Interbloc can delegate the funds, but not move them to another wallet.

## Timeframe
We estimate the project to take 1 month time. The year Maintenance and hosting starts with the final release of the code. 

Interbloc will host the website and Gravity can decide whether they want to make it available through a subomdain (e.g. auction.gravitybridge.net) or on a separate domain.

