There will be 900 winners of 4,000 JET in the “Standard” auction, and 100 winners of 4,000 JET in the “Uncapped” Auction. Both auctions will be conducted simultaneously.
AscendEX users with trailing 5-day average ASD holdings ≥ 10,000 ASD or trailing 30-day trade volume ≥ 30,000 USDT will be eligible for participation in Standard Auction. Standard Auction allows participants to bid for the chance to win a tranche of 4,000 JET. 900 participants will be selected to win the auction with a total allocation of 3,600,000 JET.
There are no ASD holdings or trade volume requirements for users to participate in the Uncapped Auction. Uncapped Auction allows participants to bid for the chance to win a tranche of 4,000 JET. 100 participants will win the uncapped auction with a total auction allocation of 400,000 JET.