Community
Help

Bonfida (FIDA) Auction

Bonfida is the first project providing a full product suite that bridges the gap between Serum, Solana, and the growing userbase actively trading on the Serum DEX.

Official Website|

Whitepaper|

Bonfida IntroductionBonfida 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 Window: 9:00 a.m. EST – 10:00 a.m. EST, December 17

Standard Auction (--)

Starting Bid:

--

Bid Cap:

-- + -- BTMX / -- BTMXP

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

Standard Auction You did not bid in this auction.

Go Submit >

Summary

A Standard Auction will be held for Bonfida (FIDA). Each user account can bid and potentially win 4,000 FIDA.

Bonfida Standard Auction Overview:

Price discovery with a minimum and maximum bid amount.

Participate by bidding 300 USDT + up to 2,700 BTMX or 27,000 BTXMP. If more than 500 participants bid 300 USDT + 2,700 BTMX / 27,000 BTMXP, a random draw will be conducted to select winners. Bid the cap for your eligibility to win. Learn More > Learn More >

Notes

1. From 9:00 a.m. EST – 10:00 a.m. EST on December 17, Users can place bids in the Standard Auction. Only USDT, BTMX, and BTMXP in a user's Cash Account can be used as payment in the auction. 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 750th bid closely and submit bids that are greater than or equal to the 750th bid. If the Bid Cap is submitted by >750 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 250th bid closely and submit bids that are greater than or equal to the 250th bid. The Uncapped Auction will close at the USDT + BTMX or BTMXP price submitted by the 250th best bid. It means that a user can bid a BTMX (or BTMXP) quantity well above the 250th bid and potentially have their bid partially refunded. The logic of the Uncapped Auction is designed to achieve that all winners will pay the same price; Therefore, a user does not need to be concerned about paying a premium relative to other participants in the Uncapped Auction.

4. At the end of the auction, winners need to submit the AscendEX account and auction confirmation code on Bonfida official website by December 18, 7:00 a.m. EST. Failure to timely submit the information will be deemed as the users' voluntarily forfeiting the bid item of 4,000 FIDA. In the event of such forfeiture, the USDT and BTMX (or BTMXP) bids will be refunded by December 18, 11:00 a.m. EST.

5. Bid Item Distribution Window: December 21, 11:00 a.m. EST - December 22, 9:00 a.m. EST

6. Bid Item Distribution Window: April 1, 11:00 a.m. UTC - 1:00 p.m. UTC.