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About Bounce Token

Bounce Token Defi Coin price today is $1,157.75 USD with a 24-hour trading volume of $84,406,796 USD. Bounce Token is up 45.38% in the last 24 hours. The current CoinMarketCap ranking is #341, with a market cap of $34,153,550 USD. It has a circulating supply of 29,500 BOT coins and a max. supply of 100,000 BOT coins. The top exchanges for trading in Bounce Token are currently Binance, Huobi Global, OKEx, BKEX, and Uniswap (V2). You can find others listed on our crypto exchanges page.

Quick Fact About Bounce Token Defi Coin

Coin Basic Information
DEFI Coin Name Bounce Token Defi Coin
Circulating Supply29,500 BOT
Total Supply100,000
Contract Address 0x5beabaebb3146685dd74176f68a0721f91297d37
Source CodeClick Here To View Source Code
ExplorersClick Here To Visit
Twitter Group Click Here To Visit Twitter Group
DocumentationClick Here To View
Project Support24/7
Official Project Website Click Here To Visit Project Website

Use Cases

OTC Trade – Trade publicly or privately between parties with Fixed-swap.

Initial Token Offering– Launch or invest in initial token sales with Sealed-bid or Dutch auction.

NFT Auction – Buy or sell rare blockchain-based assets with English auction.

DecentralizedAuction Protocol

Bounce provides a competitive swap environment to unlock the potential of open finance. Bounce is a decentralized auction platform, creating a competitive swap environment based on the principe of scarcity of resources. The Bounce platform incorporates liquidity mining, decentralized governance and staking mechanisms.

Uses of the BOT token

  • Payment of the 0.2 percent transaction fees
  • A governance tokens used for voting changes on how the protocol works, total supply, and more
  • Staking for transaction fee rewards where participants will earn the yield pools.

Every day, 32 BOT tokens (slashed from 300 BOT) is set aside for liquidity miners until the amount set aside for liquidity mining runs out.

 Bounce Finance

Swapping should be done in a competitive environment preferably with a limited supply of tokens and set time. In this case, a modern-day, adaptive auction should exist to make swapping competitive. The Bounce Finance creators want to build a new auction framework specifically tuned for DeFi. Consequently, they have borrowed some features from Uniswap and Yearn Finance but with some twists especially in governance and in liquidity mining.

Bounce Finance (BOT) Tokenometrics and Distribution

BOT is the Bounce Finance utility and governance token. Its creator said its primary function was to attract new users to the platform.  The total supply was reduced from 550,000 to 220,000 BOT then to 150,000 BOT in September 2020 after a governance proposal.

This will be distributed in four portions:

  • Daily Reward Distribution: 100,000 BOT
  • Governance vault, Sale, and rewards: 91,500 BOT; 75,000 BOT will be in the governance vault controlled by a multi-sig wallet with 9 signers. Six are needed to open the vault. Original members of the Bounce Finance team won’t be part of any signers.
  • Team: 16,500 BOT
  • Early experienced governor invitation: 12,000 BOT

Uses of the BOT token

  • Payment of the 0.2 percent transaction fees
  • A governance tokens used for voting changes on how the protocol works, total supply, and more
  • Staking for transaction fee rewards where participants will earn the yield pools.

Every day, 32 BOT tokens (slashed from 300 BOT) is set aside for liquidity miners until the amount set aside for liquidity mining runs out. Bounce provides a competitive swap environment to unlock the potential of open finance.

DYNAMIC BOT staking

Like in all other swapping pools, a transaction fee is levied. In Bounce Finance’s case, the 0.02 percent fee is only charged on the pool creator and re-directed to a staking pool.  However, the intention of this staking model is for flexibility of staking assets and for more on-chain computation of staking rewards.

Bounce Token Defi Coin Staking rewards are then calculated in a cycle basis where earnings can only be claimed after participating in a complete cycle.  All rewards will be distributed based on the amount of BOT staked in that cycle and the total amount of staking rewards (in ETH) in the staking pool at the time. When claiming rewards, ETH will be instantaneously used to buy BOT via Uniswap.

Security

Security is achieved through Bounce Token Defi Coin architecture (mining algorithm and selection process for median value) and incentives implemented for miners to promptly submit the correct values. Using the median value instead of the average (or simply just one) protects the value from being manipulated by a single malicious party submitting an extreme value. Ultimate security however is provided by the staking/dispute mechanism.


editor

One of Coinworldstory's longest-tenured contributors, and now one of our editors, Verna has authored over 2600+ stories for the site. When not writing or editing, He likes to play basketball, play guitar or visit remote places. Verna, to his regret, holds a very small amount of digital currencies. Verna Is team Members of 9 People

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