You can control the spot market floor price—the lowest price at which you are willing to sell bandwidth. This price is important as it is not only the minimum price, but also the unit price that is charged to all buyers if all the bandwidth in the market is not sold. This is because Merkato charges all buyers the price of the last unit of bandwidth sold. If all the bandwidth is not sold, the floor price is the basis for pricing.
You set the floor price in the seller valuation fields in the Express interface.
Any changes you make take effect at the start of the next auction.
The price in the “Budget/Max Value” field represents the floor price for the entire Max Quantity. Therefore, the unit price is the “Budget/Max Value” divided by the “Max Quantity.”
Note that if you change the “Max Qty” to raise or lower the amount of bandwidth available in the marketplace, you must proportionally raise or lower the “Budget/Max Value” to maintain the same unit floor price.