DeFi News

Bounce: Decentralized Auction Protocol

Pinterest LinkedIn Tumblr

Although launchpads have only become popular in recent months, there are projects that have been doing this for several years. Among them there is one that we particularly like because it is very well designed, has great investors and is firmly in the top 300 market cap projects on CoinGecko and other crypto data sites. We are talking about Bounce Finance, also known for its token recently renamed Auction (formerly BOT). Let’s see how it works and why we like it in particular. 

Bounce Finance

Bounce Finance is a completely decentralized launchpad that allows ANYONE to make a presale or IDO. Simply access this page and fill in a few fields to presale your token. Even if you cannot choose the minimum to invest, Bounce allows you to customize the maximum amount per address, the soft cap and the hard cap. If you want to make a presale in which you want to collect 500 ethereum for 10M tokens, just write the number of tokens sold for each ethereum, the cap for each address and a hard cap of 500 ethereum. You can also choose the duration of the IDO, which usually lasts until the hard cap is reached or 2 to 3 days. If the soft cap is not reached within this time frame, all presale participants will be refunded and your presale will be considered failed.

To participate, users only need to connect their ethereum account and send ETH in exchange for the tokens. A really simple platform for both sides, token creators and investors. The great thing is that, unlike many similar platforms, Bounce Finance is a long-term project that applies a very low fee: 1% of what is collected in the presale. Just for comparison, UniCrypt takes 1.8% in Ethereum or BNB and another 1.8% on the tokens sold. Overall, the numbers are quite high. 

It is also worth noting the possibility of making IDO certificates through the second platform of Bounce, called Bounce Certified. This option is suitable for those who believe they have in hand an incredible project that will please the founders of Bounce who will then make checks making the IDO more secure and certified. In this case, Bounce will offer support to the creators of the certified project as well as a marketing plan to ensure that the presale is completed in the best possible way. A suitable option for large projects with large teams and strong ambitions for the future. However, we prefer the decentralized platform as you are not accountable to anyone but yourself. Besides, they say the future is decentralized, right?

The Bounce Finance Auction token

The official token of the Bounce project is now called Auction and has a maximum supply of 10 million units. The price is obviously quite high due to the very usefulness of the project and strong backers like Stani Kulechov, Calvin Liu and others. With this price, the token touches a fully diluted marketcap of about $450 million, while the circulating marketcap is $197 million. On 10 February this year, Auction saw its price plummet to $17, an all-time low. In April, however, it reached $70 during the cool phase of launchpad projects. If you believe in this type of project, then the Auction token, which is also available for trading on Binance, is definitely one of those tokens that you should have in your portfolio. After all, a strong IDO with stratospheric earnings is enough to give a strong pump to the platform that hosted the IDO. 

Write A Comment

chainlink
Chainlink (LINK) $ 19.03
yearn-finance
yearn.finance (YFI) $ 30,459.00
ethlend
Aave [OLD] (LEND) $ 3.06
uniswap
Uniswap (UNI) $ 18.93
havven
Synthetix Network Token (SNX) $ 9.24
uma
UMA (UMA) $ 8.62
compound-governance-token
Compound (COMP) $ 400.88
maker
Maker (MKR) $ 2,662.63
wrapped-nxm
Wrapped NXM (WNXM) $ 55.08
0x
0x (ZRX) $ 0.735464
loopring
Loopring (LRC) $ 0.233386
republic-protocol
REN (REN) $ 0.347509
kyber-network
Kyber Network Crystal Legacy (KNCL) $ 1.40
numeraire
Numeraire (NMR) $ 36.32
band-protocol
Band Protocol (BAND) $ 5.77
terra-luna
Terra (LUNA) $ 9.26
yfii-finance
DFI.money (YFII) $ 2,614.47
sushi
Sushi (SUSHI) $ 8.32
balancer
Balancer (BAL) $ 19.98
thorchain
THORChain (RUNE) $ 4.09
reserve-rights-token
Reserve Rights Token (RSR) $ 0.030058
ampleforth
Ampleforth (AMPL) $ 1.09
nest
Nest Protocol (NEST) $ 0.010394
serum
Serum (SRM) $ 3.22
keep-network
Keep Network (KEEP) $ 0.251994
augur
Augur (REP) $ 26.56
curve-dao-token
Curve DAO Token (CRV) $ 1.56
kava
Kava.io (KAVA) $ 5.36
bancor
Bancor Network Token (BNT) $ 3.20
just
JUST (JST) $ 0.043965
gnosis
Gnosis (GNO) $ 191.31
force-protocol
ForTube (FOR) $ 0.027540
cream-2
Cream (CREAM) $ 165.30
melon
Enzyme (MLN) $ 71.87
tellor
Tellor (TRB) $ 37.10
akropolis
Akropolis (AKRO) $ 0.020083
aurora-dao
IDEX (IDEX) $ 0.042184
nectar-token
Nectar (NEC) $ 0.056321
bzx-protocol
bZx Protocol (BZRX) $ 0.206654
airswap
AirSwap (AST) $ 0.128542
switcheo
Switcheo (SWTH) $ 0.016548
orion-protocol
Orion Protocol (ORN) $ 4.91
dforce-token
dForce Token (DF) $ 0.164366
meta
mStable Governance Token: Meta (MTA) $ 0.729515
pnetwork
pNetwork (PNT) $ 0.737637