#AUCTION
This is also a virtual currency!
AUCTION is derived from BOT at a 1:100 ratio (1 BOT for 100 AUCTION).
Bounce is a decentralized token exchange platform built on Ethereum and Binance Smart Chain. The platform allows users to establish token exchange pools with fixed or dynamic exchange rates.
BOT is the platform's native utility token 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 BOT token rewards daily.
Transaction fee dividends: 0.20% of all transaction amounts will be used as fees and distributed to BOT token pledgers.
On the Bounce platform, if the cumulative ETH/BNB deposits in a specific exchange pool are less than or equal to the bounce level (i.e. the maximum amount of ETH/BNB allowed to be received), the token exchange is successful. All other deposited assets 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 pool creator's token and ETH/BNB is always fixed. Once his/her deposit is confirmed, the user will receive the exchanged tokens. If the accumulated amount of ETH/BNB does not reach the return level at the end of the time, 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 pool creator tokens and the amount of ETH/BNB in the pool. If the accumulated amount of ETH/BNB does not reach the return level at the end of the time, all the pool creator's tokens will be exchanged for the accumulated assets in the pool, and no tokens will be returned to the creator.
If you see that the coin on the gainer list suddenly took off
You are not sure whether you can buy it now
You can find me by looking at my pinned post
Recently, Laolang is ambushing spot tokens and taking you into the room for free
Laolang will not let my fans miss out in this bull market! ! !
