AUCTION AUCTION

About AUCTION

AUCTION comes from BOT currency at 1:100 (100 AUCTION for every BOT). Bounce is a decentralized token exchange platform built on Ethereum and Binance Smart Chain. The platform allows users to establish a token exchange pool with fixed or dynamic exchange rates. BOT is the native functional token of the platform and is used for the following functions: Liquidity mining: BOT will be distributed daily to users who successfully submit token transactions. Governance: Users can pledge BOT tokens to participate in governance voting. Voters can receive daily BOT token rewards. Transaction fee dividend: 0.20% of all transaction amount will be used as a fee and distributed to BOT token staking. On the Bounce platform, if the accumulated ETH/BNB deposits in a specific exchange pool are less than or equal to the rebound level (that is, the maximum amount of ETH/BNB allowed to be received), the token exchange is successful. All other assets deposited will be returned and sent back to the sender's address. Two types of exchange pools can now be established in the platform: Fixed exchange rate exchange: The exchange rate between the token of the creator of the exchange pool and ETH/BNB is always fixed. Once his/her deposit is confirmed, the user will receive the exchanged token. If at the end of the time, the accumulated ETH/BNB amount does not reach the return level, the unexchanged tokens will be sent back to the creator of the exchange pool. Dynamic exchange rate exchange: The exchange ratio is based on the number of tokens of the pool creator and the number of ETH/BNB in ​​the pool. If the accumulated ETH/BNB amount does not reach the return level at the end of the time, all tokens of the pool creator will be exchanged for accumulated assets in the pool, and no tokens will be returned to the creator.