What happens to the XEN if I'm NOT in the top 100 and don't win the auction?

All bids are sent to a smart contract. The loosing bids can and should be reclaimed by the bidder(ETH address). The start of the reclaim process will be announced, but will have high priority of being enabled.

拍卖不在前100名会发生什么?

所有出价都被发送到一个智能合约。失败的出价可以且应该被竞拍者（ETH地址）取回。取回的过程会正式通知，并具有很高的处理优先级。

source: xen.network
translation: @xen_artist