$AUX is as an ERC-20 compatible token on the L2 Ethereum blockchain – BASE. It will be used to power the AuctionX auction infrastructure layer. The staking of $AUX brings economic benefits to the hodlers of $AUX Tokens.

What is the Utility?‍
$AUX token would be the utility token to participate in auctions. Participants of auctions would buy $AUX tokens to convert them to game PLAYs. Each PLAY is fixed at 10 cents of price. Each bid (depending on the product in auction) will consume 1 or more PLAYS. The bidder would also be allowed to buy game PLAYs (GPs) via other popular crypto currencies like Eth, BTC, USDT etc. However, participants who buy GPs via $AUX would get additional GPs (upto 10% additional). This can be a great advantage – since it translates into FREE bids.

Also, $AUX hodlers, can participate in making key decisions on the journey of AuctionX, moving from being a platform to becoming a protocol and a public good.

$AUX will be launched soon. As per the roadmap, the token is planned in July 2024, with a public sale on multiple exchanges. The team is thrilled to be working towards this deadline and is backed by the amazing community and ecosystem support.

The correct contract address for our token $AUX is <coming soon>. Avoid buying tokens that claim to be $AUX without this contract address.