What is Bounce? bounce; It is a decentralized auction platform that includes liquidity mining, decentralized governance and staking mechanisms. As Kriptokoin.com , we will answer the question “What is Bounce” in this article. In addition, you will find detailed information about the platform in this article.
What is Bounce?
The project is a decentralized auction protocol for token and NFT sales. It is built on Ethereum. Bounce powers an ecosystem of products to match economic activities. The platform uses a decentralized financial platform to regulate buyer and seller matching in decentralized auctions. The idea of “swap” originates from Uniswap, where infinite liquidity is provided for users. However, Bounce chose to focus on the opposite scenario. The platform provides a competitive environment for a limited number of tokens or assets such as NFTs. Among the brands that the platform collaborates with are Parafi Capital, Pantera, Blokchain Capital, NGC Ventures and SNZ.
What is Bounce V2?
In mid-2020, Bounce Finance launched the first platform for decentralized auctions. Moreover, it has been widely successful with more than 6,500 auction pools and a trading volume of 700,000 ETH. In August 2021, the next generation Bounce platform was introduced, which improves the decentralized auction experience and offers Bounce OTC. Bounce V1 has been compared to eBay, where anyone can sell any ERC-20 token. Meanwhile, V2 is poised to become the Google of decentralized auctions.
What is Bounce OTC?
While decentralized auctions are popular during bull markets, they are not a suitable tool for bear market conditions. That’s why Bounce V2 offers the OTC feature that allows you to buy and sell any ERC20 at attractive price, with no limit or slippage.
What is a fixed swap auction?
Fixed barter auction, also called fixed price auction; It is an auction in which auctioneers and participants agree to negotiate based on a certain price. A fixed barter auction is used when auctioneers have a clear target of value for the assets being auctioned. However, Bounce Finance offers fixed swap auctions for ERC-20 tokens and BEP-20 based assets. Fixed barter auction is time dependent and executed automatically. In other words, auctioneers and participants can buy the exchanged assets at the same time.
What is the total supply and current price of Bounce (AUCTION)?
According to Coinecko data, the maximum supply of Bounce (AUCTION) is 10,000,000 AUCTION. Total supply and circulating supply amount is 7,536,195 AUCTION. However, the market value of the project, which has a trading volume of $4,606,864 in the last 24 hours, is $49,066,947. AUCTION is currently trading at $6.66. However, in April 2021 it climbed as high as $70.44 and saw its own peak price.
What is Bounce? How to get AUCTION?
Bounce is a protocol that is traded on many major cryptocurrency exchanges. Users who want to invest in the protocol should open an account on one of the exchanges where the protocol is traded. However, some of the exchanges where Bounce is traded are: Binance, Coinbase, Gate, Huobi Global, MEXC, Phemex, OKX, Upbit and Hotbit. Investors wishing to buy AUCTION should open an account on one of these exchanges. Additionally, investors can deposit USDT etc into their wallets. must add a cryptocurrency. After these procedures, AUCTION can be taken easily.
