Post Limit Orders
Buyers and sellers submit token amount and price limits; unmatched orders stay on the book until filled or canceled.
Let Orders Set Price
A live Solana auction matches standing bids and asks by price and time, with crossed orders settled on-chain.
Launch Windows Limit Price Discovery
A fixed launch or bonding curve dictates how early trades form. Mica Bid lets buyers and sellers keep orders open at their chosen prices, so each match reflects current demand rather than a preset curve.
Auction Rules, Made Visible
Match By Priority
The program ranks compatible orders by best price, then arrival time, and matches them when bid and ask prices cross.
Escrow Before Matching
Order placement escrows the offered asset in the Solana program, preventing a match from settling against unavailable funds.
Settle Crossed Orders
When a bid meets an ask, the program transfers the matched token amount and payment atomically between both parties.
Cancel And Reclaim
A trader can cancel an unfilled order and reclaim its remaining escrow through an on-chain instruction.
From Order To Settlement
Place
Choose a token, enter a bid or ask price and amount, then authorize the program to escrow the offered asset.
Match
The program checks open orders for compatible prices and applies price priority followed by order arrival time.
Settle
A crossed order transfers both assets on-chain; any unfilled amount remains open or can be canceled and reclaimed.
Utility For Market Participation
The Kite token can grant access to advanced order controls, support community votes on auction parameters, and reward useful market-rule reporting. Holding it does not promise revenue or returns.
Access advanced order controls
Vote on proposed auction parameters
Earn rewards for verified market-rule reporting
Keep The Auction Open
Set a price, leave an order, and let the next compatible trade settle on Solana.
Explore Mica Bid