Bounce Finance (AUCTION) is a decentralized auction platform. It allows users to create and participate in various types of auctions on the blockchain. This includes token, NFT, and real-world collectible auctions. The platform operates on Ethereum and Binance Smart Chain, ensuring a decentralized and trustless auction environment.
The AUCTION token is the native utility token of Bounce Finance. You use it to participate in auctions, cover fees, and vote on governance proposals. It also grants access to exclusive auctions and NFT creation capabilities. Bounce Finance supports multiple auction formats such as fixed-swap, Dutch, and sealed-bid auctions, making it versatile for different auction needs.
Bounce Finance aims to provide a transparent, efficient, and decentralized auction experience, eliminating the need for traditional auction houses and their associated risks. Auctions can be conducted for ERC-20 and BEP-20 tokens, making the platform versatile.
You can create different types of auctions on Bounce Finance, like fixed-swap, Dutch, and sealed-bid. You set the auction parameters, such as the starting price, duration, and type of assets. You use the AUCTION token to join and bid in auctions. Your web3 wallet is required to participate, ensuring a decentralized and transparent process.
Bounce Finance (AUCTION) is a decentralized auction platform founded by Jack Lu and Ryan Fang. It launched in September 2020. In 2021, it introduced the Initial DEX Offering (IDO) function with Bounce V2, enabling token issuance and crowdfunding on the platform.
In February 2023, Bounce V3 was launched, bringing new features and enhancements, including Auction as a Service (AaaS), allowing users to host customizable auctions on their own websites. Bounce Finance has also partnered with Rollux and other blockchain projects to expand its ecosystem.
Bounce Finance (AUCTION) token has multiple uses within the Bounce Finance platform:
The total supply of AUCTION tokens is capped at 10 million. The AUCTION token has an inflationary emission rate, with full vesting expected by August 2024. The Bounce Finance token distribution is as follows:
Period | Change | Change (%) |
---|---|---|
Today | $0.33 | 2.44% |
7 Days | $0.26 | 1.90% |
30 Days | $0.47 | 3.50% |
3 Months | $-1.79 | -11.34% |
The following advantages make Bounce Finance crypto a compelling option for investors looking to engage in decentralized finance and auctions:
Although the volatile nature of the crypto market makes it challenging to offer an accurate AUCTION crypto price prediction, understanding the following factors could help you follow the price trends in the Bounce crypto:
By leveraging these methods, you can effectively earn and increase your holdings in AUCTION tokens on the Bounce Finance platform:
Here’s how you can stake $AUCTION on Bounce Finance to earn staking rewards:
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