Auction to Release App Update on August 1st

Auction will deploy an upgrade to the Bounce Finance application on August 1st. The release is expected to provide an expanded product suite that integrates AUCTION as the underlying utility asset.

AUCTION Info

Bounce (also known as Auction) is a decentralized auction platform that brings a competitive swapping environment to the DeFi (Decentralized Finance) ecosystem. The platform is built on the Ethereum network and aims to revolutionize traditional auction models by providing a more decentralized and democratic system where users are in control.

Bounce allows creators to auction off their tokens directly to potential buyers. This model replaces the traditional order book-based exchange model with a competitive bidding system, resulting in a market-driven price determination.

A distinguishing feature of Bounce is its multiple auction types, such as fixed swap auctions, sealed bid auctions, and English auctions. This enables token creators to choose the auction type that best suits their token and strategy.

The native token of the Bounce platform is AUCTION. It is used for platform governance, giving token holders the power to influence the direction of the platform. Users can also stake their AUCTION tokens to earn rewards.

Bounce's vision is to make the token swapping process more efficient, transparent, and fair, creating a platform where the community can participate in a competitive token swapping environment.