Bounce 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.
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:
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'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.