What is AUCTION?
The full name of AUCTION coin is Bounce Token, which is exchanged from BOT coin at a ratio of 1:100. According to the latest market data, as of 11:28 on September 1, 2021, the price of AUCTION coin is $34.9879, its historical highest price is $71.0046 (on April 12, 2021), and its historical lowest price is $11.0146 (on June 22, 2021). The circulating market value of AUCTION coin is $80.6752 million.
Background and Functions of AUCTION Coin
AUCTION tokens are exchanged from BOT tokens at a ratio of 1:100 and were issued on February 6, 2021. Currently, platforms such as Binance and Huobi support the exchange of Bounce (BOT) smart contracts for AUCTION and token increments. The total issuance of AUCTION tokens is 50,000,000, and the current supply is 10,000,000.
Bounce is a decentralized token exchange platform built on Ethereum and Binance Smart Chain. The platform allows users to create token exchange pools with fixed or dynamic exchange rates. BOT is the platform's native utility token, mainly used for the following functions:
Liquidity Mining: BOT will be distributed daily to users who successfully submit exchange transactions.
Governance: Users can stake BOT tokens to participate in governance voting, and voters can receive BOT token rewards daily.
Transaction fee dividend: 0.20% of all transaction amounts will be distributed to BOT token stakers as transaction fees.
On the Bounce platform, if the cumulative ETH/BNB deposits in a particular swap pool are less than or equal to the maximum amount of ETH/BNB allowed to be accepted, the token swap is successful. All other assets deposited will be withdrawn and sent back to the sender's address.
AUCTION coin's prospects and value analysis
The total issuance of AUCTION coins is 220,000, with the goal of providing different types of auction services for individuals and projects. AUCTION is the governance token of the bounce.finance platform and adopts a liquidity mining mechanism.
Bounce's founding team, Talla, is located in Boston, Massachusetts and has raised over $12 million in venture capital. Talla is focused on building smart, AI-driven robots for enterprises. The team has extensive experience in software development, AI, startups, and innovation.
BotChain was built by the Talla team and records, archives and audits all communications between autonomous agents through a distributed ledger. Standardized communication protocols make workflows between robots (such as smart contract negotiation) more streamlined and support a variety of application scenarios. Open market access to robot technology and module markets without central control further enhances the decentralized nature and practicality of the platform.
Professional analysis and future prospects
From an investment perspective, AUCTION coin has certain prospects. As the governance token of the Bounce platform, it enhances user participation and the decentralized nature of the platform through mechanisms such as liquidity mining and transaction fee dividends. At the same time, the Bounce platform is committed to providing diversified auction services for individuals and projects, expanding its application scenarios and market demand.
However, the investment risks of AUCTION coin cannot be ignored. Although its current market value and application prospects show certain potential, market fluctuations and the actual execution of the project are still the focus of investors' attention. In addition, the long-term value of the Bounce platform and its governance token will also be affected by market competition, technological development and changes in user needs.
In summary, as an important part of the Bounce platform, AUCTION coin has certain investment value and market prospects, but investors should consider the risk factors comprehensively and make prudent decisions.
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