$AuX & PLAYs

$AuX AuX tokens are the official tokens powering transactions on AuctionX platform. $AuX are pre-mined on BASE blockchain. $AuX tokens will be traded, and their price will be determined by market forces.

$AuX token

PLAYs PLAY is the ingame currency to participate in an auction. Cost of each PLAY is fixed at 10 cents. PLAYs can only be procured by exchanging $AuX tokens. And it is unidirectional. PLAYs can never be converted back to $AuX tokens. PLAYs act like stable currency with a fixed price.

PLAY logo - coming soon - getting designed by the community.

BIDS A bid is what a participant places when participating in any activity on the AuctionX platform. Each bid consists of 1 or more PLAYs. Depending on the product, a single bid might consume one or more PLAYs.

$AuX TOKENS -> PLAYs -> BIDS

Bidders will buy $AuX Tokens from an exchange and convert them from their personal wallet to PLAYs on the AuctionX platform. A bid will comprise one or more PLAYs depending on various factors such as the type of engagement and price of the asset (in an auction); for example, an iPhone bid may cost 1 PLAY while a car bid might cost 5 PLAYs.