Scientix Public Auction Announcement

Scientix
2 min readSep 27, 2021

Dear Scientix Community,

Thank you for your support after the Scientix launch! Without your support and encouragement, our success wouldn’t have been possible. We, the Scientix team, believe in the values of transparency, so we chose to do a fair launch, and now, we are deciding to hold a public auction of SCIX which will allow the team to commit to the future development and will also be used for audits, contractors, hiring, and community efforts.

Scientix is a future-yield-backed synthetic asset platform on Binance Smart Chain. It allows you to get interest-free loans that pay themselves off over time with no liquidation risk, while your collateral earns you yields in the background!

The success of the auction will have a significant impact for both the Scientix team and the community. The raising of funds will be used to support the team to expand the utility of scUSD and achieve the targets in the roadmap. Please join the auction if you believe in the vision of Scientix!

Auction Info:

Auction Platform: https://padit.finance

Auction address: https://padit.finance/#/auction/0x18CA4BD354F060e27970f18E818D26dE24c99185

Auction Duration: Sep 27, 02:00 PM ~ Sep 28, 02:00 PM, UTC Time

Total Amount: 15,000 SCIX of 2% reserved SCIX minted at the launch time as the funding of initial liquidity provisioning, auditing fees, early development, marketing, hiring, etc.

Target Raising Amount: $150,000 ~ $300,000

Prices Tranches (3 tranches): $10, $15, $20

Distribution: Your successfully bid SCIX will be linear released in the next 3 months, starting from Sep 29, 02:00 PM UTC to Dec 29, 02:00 PM UTC.

Notes:

  1. The 15,000 SCIX is from the 2% reserved SCIX minted at the launch time. After this public auction, Scientix team won’t hold auctions nor sell any of the 25% team-owned SCIX, within the next 3 months.
  2. The bid token will be bSCIX token instead of SCIX token.
  3. After the auction ends, buyers can claim bSCIX tokens at Padit.
  4. Buyers can start to claim SCIX tokens at Scientix website from Sep 29, 02:00 PM UTC.

Tutorial: https://scientix.medium.com/padit-x-scientix-auction-tutorial-b6b2bea3a76f

If you have any questions, please join Scientix Telegram: https://t.me/scientixfi.

The final interpretation right of the event belongs to Scientix.

Thank you for your support to Scientix!

About Scientix

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Scientix

Scientix, a future-yield-backed synthetic token with self-repaying loans, no liquidation.