According to Odaily, Bounce Brand has revealed the details of its BN token Initial DEX Offering (IDO). The IDO is scheduled to take place on the Bounce launchpad platform from August 19, 18:00 to August 21, 18:00 Beijing time, with a total supply of 4.2 million BN tokens.
The IDO will be divided into three pools: the AUCTION staking pool, the fixed price public pool, and the fixed price whitelist pool. The AUCTION staking pool, based on Ethereum, will supply 1.05 million BN tokens and aims to raise $12,500. The fixed price public pool, also on Ethereum, will offer 2.73 million BN tokens at a rate of 1 BN = $0.011905. Similarly, the fixed price whitelist pool will provide 420,000 BN tokens at the same rate as the public pool.
This structured approach aims to cater to different investor preferences and ensure a broad distribution of the BN tokens. The AUCTION staking pool is designed for those who prefer staking mechanisms, while the fixed price pools offer a straightforward purchasing option for both public and whitelisted participants.