Compute Exchange operates through an auction-based marketplace where participants can buy and sell compute resources. Buyers specify their requirements, and sellers list their available compute capacity. Auctions follow a structured process, divided into three distinct phases:

​
Auction Phases

1

Auction Begins

At the start of the auction, buyers and sellers submit their orders:
  • Sellers list compute specifications and set their asking price.
  • Buyers define their compute needs using filters and place bids.
  • An indicative market price is published based on initial orders.
  • Buyers and sellers can modify or cancel their orders.
Orders are not yet binding in this phase.
2

No-Cancel Period

Once the auction progresses into the no-cancel period:
  • All active orders become binding and cannot be canceled.
  • Buyers can only increase their bid price (not lower it).
  • Another indicative market price is published.
  • Participants can see if their orders are likely to be filled.
3

Auction Ends

At the conclusion of the auction:
  • Matching orders are executed at the agreed-upon price and quantity.
  • Unmatched orders are automatically canceled.
  • No further changes can be made.