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Akash (AKT) Auction

Akash is the world's first decentralized cloud computing marketplace, and the DeCloud for DeFi.

Official Website|

Whitepaper|

Akash IntroductionAkash Introduction

Total Quota

--

Bid Item

--

Total Bids

-- (Standard: -- | Uncapped: --)

Bidding Process

1

Warm-Up

2

Auction

3

Random Draw & Auction Code Submission

4

Distribution

Auction Period: 9:00 a.m. EDT – 10:00 a.m. EDT, October 15

Standard Auction (--)

Starting Bid:

--

Bid Cap:

-- + -- BTMX / -- BTMXP

Uncapped Auction (--)

Starting Bid:

--

Bid Cap:

-- + Uncapped BTMX / Uncapped BTMXP

Eligibility
Read and agree to Akash (AKT) Auction Agreement Read and agree to Akash (AKT) Auction Agreement
Participants are required to complete KYC 2 verification.
Users from the following countries/regions are not eligible for participation:
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, Malaysia, Ethiopia,Guinea, Guinea-Bissau, Lebanon, Sri Lanka, Libya, Serbia, Somalia, South Sudan, Thailand, Tunisia, Trinidad and Tobago, Ukraine, Uganda, Venezuela, Yemen.
Auction Results

Standard Auction You did not bid in this auction.

Uncapped Auction You did not bid in this auction.

Summary

Two separate auctions (Standard & Uncapped) will be held simultaneously. Each user account can bid in both auctions and potentially win up to 4,800 AKT.

Akash Standard Auction Overview:

Price discovery with a minimum and maximum bid amount.

Participate by bidding 480 USDT + up to 7,500 BTMX or 75,000 BTMXP. If more than 600 participants bid 480 USDT + 7,500 BTMX / 75,000 BTMXP, a random draw will be conducted to select winners. Learn More… Learn More…

Akash Uncapped Auction Overview:

Price Discovery with a minimum bid amount and no maximum.

Participate by bidding 480 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… Learn More…

Notes

1. From 9:00 a.m. EDT – 10:00 a.m. EDT on October 15, 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 600th bid closely and submit bids that are greater than or equal to the 600th bid. If the Bid Cap is submitted by >600 participants, a user can still ensure their bid will be 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. The logic of the Uncapped Auction ensures that all winners will pay the same price; therefore, a user need not be concerned about paying a premium relative to other participants in the Uncapped Auction.

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 Akash official website by October 16, 8:00 a.m. EDT. Failure to timely submit the information will be deemed as the users’ voluntarily forfeiting the bid item of 2,400 AKT (or 4,800 AKT). In the event of such forfeiture, the USDT and BTMX (or BTMXP) bids will be refunded by October 16, 12:00 p.m. EDT.

6. Bid Item Distribution Window: October 16, 8:00 a.m. EDT - 10:00 a.m. EDT.

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.