AUCTION

1. Project introduction

Launched in mid 2020, Bounce Finance is a decentralized auction protocol that provides a competitive swap environment, unlocking the potential of open finance.

Following the increased demand from the community, Bounce is expanding with a separate NFT branch. Bounce NFT will become one of the four branches powered by the Bounce (AUCTION) token that also include Bounce Decentralized, Bounce Certified and Bounce Polkadot.

Bounce is excited to be building the next generation NFT auction house with the leading investors in the industry onboard. Bounce NFT offers a feature that caters specifically for this market: Point-2-Point custom work marketplace. Bounce NFT Point-2-Point section connects content sellers and buyers in a unique manner, meeting the needs of Asia-based customers and thus helping spread NFT adoption in the region.

After the pool creator creates the pool, people can come and use ETH to auction and get the tokens. A participant needs to send an ETH transaction to the pool’s address within the pool expiration time. A swap is successful if the accumulated ETH deposit in the pool is less or equal to the bounce level, which is the maximum amount of the ETH allowed to be received.

The migration from BOT token to AUCTION token marks a new journey of Bounce decentralized auction and Bounce certified auction. The swap ratio between BOT and AUCTION is 1:100.

2. Team introduction

Co-Founder: Jack L.

Linkedin: https://www.linkedin.com/in/jackngc/

3. Investment institution

Coinbase Ventures, ParaFi Capital, Pentera Capital, etc.

4. Application

Total supply：10,000,000

(1) Medium of exchange

(2) Exclusive auction creation and participation

(3) Social Trust Verification

(4) Governance voting