Bounce Finance is revolutionizing decentralized auctions by creating a trustless platform for digital assets and NFTs. Compatible with multiple blockchains, it enables secure trading without liquidity concerns or third-party risks.
How Bounce Finance Auctions Work
Core Auction Types
Fixed Swap Auctions
- Ideal when auctioneers have target values in mind
- Supports both ERC-20 and BEP-20 tokens
- Predetermined prices agreed by all parties
Sealed-Bid Auctions
- Blockchain smart contracts automate token distribution
- Highest bidders receive tokens until supply exhausts
Dutch Auctions
- Starts at ceiling price, periodically descending
- Concludes when all assets sell
English Auctions
- Begins at reserve price
- Requires incremental bids
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Specialized Auction Formats
- Lottery Auctions: Scalable for 60,000+ participants with no entry barriers
- NFT Marketplace (Fangible): Focused on artist experience with reduced gas fees
Platform Ecosystem Features
| Feature | Description |
|---|---|
| Bounce Polkadot | Parachain bond benefits via staking |
| Bounce Toolbox | Developer kits for custom auctions |
AUCTION Tokenomics
Key Details:
- Max Supply: 10 million AUCTION
- Migrated from BOT (1:100 ratio)
- Allocation: Mining rewards (45%), Staking (30%), Governance (25%)
Token Utilities
- Platform fee payments
- Governance voting
- Staking rewards
Founding Team & Backers
Co-Founders:
- Chandler Song: Ex-Amazon AWS engineer
- Ryan Fang: Former Morgan Stanley analyst
Investors:
Coinbase Ventures, Pantera Capital, Hashed
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FAQ Section
Q: What makes Bounce auctions unique?
A: Multi-chain compatibility and diverse auction formats address specific market needs.
Q: How does AUCTION token capture value?
A: Through platform fees, governance rights, and staking mechanisms.
Q: Who are typical Bounce Finance users?
A: NFT creators, token project teams, and collectors seeking liquid markets.