# Community Auction ## Overview The Community Auction is intended to extend the STG holder base to those who missed the Launch Auction and broaden participation in governance long-term. ## Terms Wallets that pre-approved the Stargate Launch Auction or bonded before March 17, 2022 at 21:22 UTC are eligible to buy STG at the price of $0.25 with the original Launch Auction terms (STG locked for 1 year and unlocking linearly for 6 months thereafter). Round 1 will last 48 hours. **Eligible amounts: Pre-approved only or Pre-approved + Bonded: 18,657 STG. Bonded: 4,668 STG.** The Community Auction has two rounds. Any unsold STG during round 1 can be purchased in round 2 by **r**ound 1 participants who purchased their maximum round 1 allocation. Post-auction, any remaining Community Auction STG and all USDC received will be protocol-controlled. ![](/files/OeA0gVIWorP7xCWchb18) --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://stargateprotocol.gitbook.io/stargate/user-docs/tokenomics/community-auction.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.