# 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.

![](https://119406959-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FA2MA07SGIBU4zXDZO74n%2Fuploads%2FE50nIkEIwSjWAK8n83rJ%2FScreen%20Shot%202022-03-30%20at%2011.21.26%20AM.png?alt=media\&token=768f1beb-70d0-4a7d-9fe0-ea96d6d808f4)