Total Quota
--
Bid Item
--
Total Bids
-- (Standard: -- | Uncapped: --)
1
Warm-Up
2
Auction
3
Random Draw & Auction Code Submission
4
Distribution
Oxygen (OXY) Auction
Oxygen Protocol is an on-chain, decentralized, non-custodial prime brokerage built on the Serum DEX and ecosystem, running on Solana, and seeded by Maps.me 2.0’s massive userbase.
Official Website|
Whitepaper|
OXY Introduction
Bidding Process
Auction Period: 9:00 a.m. EST - 10:00 a.m. EST, March 11, 2021.
Standard Auction （--）
Starting Bid:
--
Bid Cap:
-- + -- BTMX / -- BTMXP
Uncapped Auction （--）
Starting Bid:
--
Bid Cap:
-- + Uncapped BTMX / Uncapped BTMXP
Eligibility
Read and agree to OXY Auction Agreement
Participants are required to complete KYC 2 verification.
Users from the following countries/regions are not eligible for participation:
the United States, Balkans region, Belarus, Myanmar, Côte d'Ivoire, Cuba, Democratic Republic of the Congo, Iran, Iraq, Liberia, North Korea, Sudan, Syrian Arab Republic, Zimbabwe, Algeria, Bangladesh, Bolivia, Cambodia, Ecuador, Nepal, Afghanistan, Burundi, Central African Republic, Singapore, Ethiopia, Guinea, Guinea-Bissau, Lebanon, Sri Lanka, Libya, Serbia, Somalia, South Sudan, Thailand, Tunisia, Trinidad and Tobago, Ukraine, Uganda, Venezuela, Yemen
Eligibility Rules:
Eligibility requirements for Standard Auction: Trailing 14-day average BTMX holdings ≥10,000 BTMX or trailing 30-day trade volume ≥30,000 USDT (not applicable for Uncapped Auction).
Summary
Two separate auctions (Standard & Uncapped) will be held simultaneously. Each user account can bid in both auctions.
OXY Standard Auction
Price discovery with a minimum and maximum bid amount.
Participate by bidding 200 USDT + up to 210 BTMX or 2,100 BTMXP. BitMax users can earn the eligibility to bid for additional OXY based on their trailing 14-day average BTMX holdings or trailing 30-day trade volume. If more than 850 bid items with 200 USDT + 210 BTMX / 2,100 BTMXP, a random draw will be conducted to select winners. Bid the cap for your eligibility to win. Learn More >
OXY Uncapped Auction
Price Discovery with a minimum bid amount and no maximum.
Participate by bidding 200 USDT + as much BTMX / BTMXP as you’d like. The auction will close at your bid or better if you are amongst the top-150 best bids. Bid aggressively to win. Learn More >
Notes
1. From 9:00 a.m. EST – 10:00 a.m. EST on March 11, users can place bids in both the Standard and Uncapped auctions. Only USDT, BTMX, and BTMXP in a user’s Cash Account can be used as payment in the auctions. Users can submit bids multiple times. Once a new bid is submitted successfully, the corresponding amount of additional BTMX or BTMXP will be deducted from the user’s Cash Account. The last bid outstanding will be deemed as the user’s final bid.
2. To increase likelihood of winning in the Standard Auction, a user should monitor the 850th bid closely and submit bids that are greater than or equal to the 850th bid. If the Bid Cap is submitted by >850 participants, a user can still have their bid being included in a random draw by submitting the Bid Cap.
3. To increase likelihood of winning in the Uncapped Auction, a user should monitor the 150th bid closely and submit bids that are greater than or equal to the 150th bid. The Uncapped Auction will close at the USDT + BTMX or BTMXP price submitted by the 150th best bid. This means that a user can bid a BTMX (or BTMXP) quantity well above the 150th bid and potentially have their bid partially refunded.
4. For users who do not win the bid, their USDT and BTMX (or BTMXP) bids will be fully refunded within 2 hours after the auctions.
5. At the end of auctions, winners need to submit the BitMax.io account and auction confirmation code on Oxygen official website by March 12, 11:00 a.m. EST. Failure to timely submit the required information will be deemed as the users’ voluntarily forfeiting their bid item(s). In the event of such forfeiture, the USDT and BTMX (or BTMXP) bids will be refunded by March 13, 11:00 a.m. EST.
6. Bid Item Distribution Window: 12:00 p.m. EDT, March 15 - 9:00 a.m. EDT, March 16.
7. BitMax.io reserves the final right to interpret and adjust these Terms and Conditions. For any abusive or suspicious activities, the users will be disqualified from the auction once identified.
