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10 - day Auction process
Day 1

For the first day, bidders place blind bids. This means that they won’t know how many StaX their bid is worth. Once a bid is placed it can only be increased, not withdrawn.

Day 2 to 10

Once the StaX Price has been calculated (Day 2 onwards), this determines whether a Bid qualifies or not.

  • If it is higher than or equal to the StaX Price, it qualifies and cannot be withdrawn.
  • If it is lower than the StaX Price, the Bid does not qualify, in which event the user is notified of his/her Bid being Too Low. Only when the Bid is too low, can the user Withdraw the Bid.