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What are StaX auctions?

Auctions are the primary market on the StaX App, where the Initial StaX Offering (ISO) is presented.  The ISO offers StaX to the public, allowing them to buy StaX from a particular Issuer, by placing a bid.

When issuers join the Xchange, 50,000 of their StaX are auctioned over a 10-day period.

All bids pledged are used to calculate an initial StaX Price. The price is recalculated at the end of each auction day and only finalized on the final day.

All users that have placed valid bids (ie. greater than the final calculated StaX Price) receive their StaX at the end of the auction.

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