Bounce.finance Airdrop Review – Buy or Sell rare Blockchain-based Assets

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About Bounce.finance Airdrop

Bounce.finance Airdrop is a decentralized public sale platform, developing a aggressive switch surroundings primarily based totally at the precept of the shortage of resources. The Bounce platform contains liquidity mining, decentralized governance and staking mechanisms.

Bounce and Tokamak Network are at the same time airdropping $200,000 really well worth of AUCTION tokens to TON holders on Upbit. The picture can be taken at the ninth of February, 2021, at 16:00 KST and the eligible holders will acquire loose AUCTION in a ratio of one TON : 0.002 AUCTION. AUCTION token turned into formerly referred to as BOT and has been migrated recently.

Bounce.finance Airdrop is a decentralized auction platform, incorporating liquidity mining, decentralized governance and staking mechanisms. The first principle of Bounce is scarcity of resources, which creates a competitive swap environment.

BasicDetails
Token NameBounce.finance
PlatformETH
Token Per Claim1 TON : 0.002 AUCTION
Max. ParticipantsUnlimited
KYCKYC Is Not requirement
WhitepaperClick Here To View
Airdrop Starts2021-02-09
Collect AirdropClick Here To Collect Free Airdrop

How To Join Bounce.finance Airdrop

First Step

Hold TON tokens on Upbit.

Second step

The snapshot will be taken on the 9th of February, 2021, at 16:00 KST.

Third Step

Eligible holders will receive free AUCTION in a ratio of 1 TON : 0.002 AUCTION.

Fourth Step

AUCTION token was previously called BOT and has been migrated recently. For more information regarding migration, see this Medium post.

Fifth Step

For more information regarding the airdrop, see this Medium post.

The origin of Bounce

The idea of “swap” originated from Uniswap, where infinite liquidity is provided for participants. While this is a great and concept, Bounce focusses on the opposite scenario instead.

Bounce provides a competitive environment, for a limited supply of tokens or other assets like NFT’s. The assets can be auctioned off in various ways, such as.

Token sales

Bounce.finance Airdrop Various types of auctions where a limited amount of tokens are auctioned off with different auction principles and time limits, such as fixed price (fixed swap auction), decreasing price (Dutch auction) or hidden price (sealed-bid auction)

NFT auctions

NFT’s are auctioned off with similar auction principles as token sales. However, there is usually a lower number of NFT’s (or only a unique piece) for sale.

Multi wallet support

The Bounce platform works with the most commonly used cryptocurrency wallets, such as MetaMask, Binance Chain wallet, WalletConnect, Coinbase Wallet, Ledger and Trezor. More wallets will be supported in the future.

DecentralizedAuction Protocol

Bounce provides a competitive swap environment to unlock the potential of open finance.

OTC Trade

Trade publicly or privately between parties with Fixed-swap. Launch or invest in initial token sales with Sealed-bid or Dutch auction

Multi chain support

The Bounce web app is available for Ethereum and Binance Smart Chain based assets. Once connected your wallet, you can toggle between the Ethereum and Binance Smart Chain mainnet networks.

What is a lottery auction?

In a lottery auction, participants buy lottery tickets for a fixed amount (the principle amount) to enter into the draw. Bounce.finance Airdrop fixed token price and principle amount are set by the pool creator. At the end of the running time of the lottery pool, the winners are selected randomly by a smart contract and their principle amount is automatically swapped for the auctioned tokens. The pool creator claims the money raised from the sale, while winners will claim their swapped tokens from the pool.

The lottery auction does not have permanent losses for non-winning participants. Participants that are not selected as a winner, can claim their principle back from the pool. The lottery auction is built for mass usage. The maximum number of participants that can enter into a draw is 60,000 people and the solution is gas-friendly with low fees to enter into the draw. Fairness and integrity are secured by random selection and execution by smart contracts.

What is an NFT lottery auction?

In the NFT lottery auction, participants buy lottery tickets for a fixed amount (the principle amount) to enter into the draw. The principle amount is set by the pool creator.

At the end of the running time of the lottery pool, the winner is selected randomly by a smart contract and the principle amount is automatically swapped for the auctioned NFT. The pool creator claims the money raised from the sale, while the winner will claim the NFT from the pool.

The lottery auction does not have permanent losses for non-winning participants. Participants that are not selected as a winner, can claim their principle back from the pool.

The NFT lottery auction is built for mass usage. The maximum number of participants that can enter into a draw is 60,000 people and the solution is gas-friendly with low fees to enter into the draw. Fairness and integrity are secured by random selection and execution by smart contracts.

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