About Bounce Token (AUCTION)
Bounce is a decentralized auctions platform hosting different types of auctions for both digital and real world items. The aim of the project is to mitigate the shortcomings of traditional auctions by working towards creating a platform that is transparent, efficient, and accessible. Bounce’s technological backbone is built on blockchain technology, utilizing smart contracts to execute auctions securely and transparently. It supports multiple blockchains and integrates with DeFi protocols to enhance its functionality.
The platform’s hybrid infrastructure combines centralized account management with decentralized application access, offering a user-friendly experience while maintaining blockchain security. It supports a range of auction formats, including English, Dutch, sealed-bid, random selection, order book, and playable auctions.
In 2023, Bounce Finance (AUCTION) partnered with Rollux, an EVM-equivalent optimistic rollup, to enhance DeFi auction activities. This collaboration integrates Rollux's suite of on-chain auctions, featuring ten auction types across forty blockchains, into the Bounce platform
AUCTION tokens serve as governance tools for voting on platform proposals and can be used for auction proceeds and staking rewards. The live price of AUCTION is available in real time on Binance.
