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MAPS (MAPS) Auction

Ultimate travel companion with online and offline maps and embedded DeFi financial services

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MAPS IntroductionMAPS 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. EST - 10:00 a.m. EST, Jan 26, 2021.

Standard Auction (--)

Starting Bid:

--

Bid Cap:

-- + -- BTMX / -- BTMXP

Eligibility
Read and agree to MAPS Auction Agreement Read and agree to MAPS 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
Auction Results

Standard Auction You did not bid in this auction.

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Summary

Two separate auctions (Standard & Uncapped) will be held simultaneously. Each user account can bid in both auctions.

MAPS Standard Auction

Price discovery with a minimum and maximum bid amount.

Participate by bidding 200 USDT + up to 1,400 BTMX or 14,000 BTMXP. BitMax users can earn the eligibility to bid for additional MAPS based on their trailing 5-day average BTMX holdings or trailing 30-day trade volume. If more than 850 bid items with 200 USDT + 1,400 BTMX / 14,000 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 January 26, 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 850h bid. If the Bid Cap is submitted by >850 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 Maps.me official website by January 27, 11:00 a.m. EST. Failure to timely submit the 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 January 28, 11:00 a.m. EST.

6. Bid Item Distribution Window: January 31, 11:00 a.m. EST - February 1, 9:00 a.m. EST.