Where did the 10 DOT minimum coretime price come from?

Ecosystem
1

Why is the minimum price of coretime set at 10 DOT? Shouldn’t that be changing dynamically based on the demand?

Right now, there are coretime auctions that end without selling over 50% of the available coretime. Can we reduce the minimum price of a core significantly?

If the minimum allowable price was reduced to 0.001 DOT, it would allow anyone to build for extremely cheap until there is enough demand for the price to find a floor.

It wouldn’t be risking much… there is not yet a substantial revenue stream from coretime sales.

2

It used to be like that in the past, but the problem was that there were individuals who bought all the cores when they were extremely cheap and controlled the supply, and therefore the future price. Imagine one person buying 100% of the cores at $1; afterward, they could sell the cores at whatever price they wanted. That’s why a $10 minimum was implemented as a safety measure.