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Auctions on VirtualStaX

An auction on the StaX app is the activity where an Issuer offers his/her StaX to the highest bidder/s. 

This is the first trading activity that the Issuer engages in, and the default number of Stax an Issuer will place on auction is 50 000, which means that there might be multiple owners of the Issuer's Stax when the auction ends.

Once the auction is completed, the successful bidder/s will become the legal owner/s of an Issuer’s StaX Certificate/s. See About Auctions

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