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Participate in a fixed-price auction
Bounce Auction is a decentralized platform where anyone can create an auction. It's important to take the time to understand the background of the auction and be certain about the auction pool you choose to participate in. Keep in mind that Bounce is not responsible for any activity you undertake on the platform.
How to participate in a fixed-price auction
- 1.
- 2.If you already know an auction you want to participate, you can directly visit the auction pool link (if you have it) or you can search the auction pool by auction pool name, token address, auction creator username or user ID.
Make sure to double check the auction pool information and confirm that you enter the right pool.
There are three types of pool status:
- Upcoming: The auction is not live yet. Be sure to set a reminder so you don't miss it.
- Live: The auction is ongoing and you can place bids
- Closed: The auction is closed and you can no longer participate
3. Once you click into an auction pool page, you will see the auction information in detail. Pay attention to the items mentioned below to ensure you enter the correct pool:
- Pool ID and creator
- Token contract address
- Token price
Additionally if the token is verified on Coingecko, there will be a coingecko icon next to the token contract address, but note that even though token have same ticker, can be a fake token, so please check token contract address directly.
- 4.Once the auction goes live, you can place bids by entering the amount of allocation you want to purchase. The allocation is on a first come first serve basis. Make sure you have enough funding currency in your wallet.
- 5.After clicking "Place a Bid", you'll be asked to confirm that you've checked the following information. Check all boxes and click "Confirm and continue" to proceed.
- 6.Then Bounce will request your wallet interaction. Sign and confirm your transaction. Once your transaction is completed, it'll show that you joined the auction pool and you can see the bid you placed in Auction History.
If an auction is popular, you need to place you bid fast so that you will not miss the auction. You can check the auction progress from the progress bar.
- 7.If the auction pool creator enables the refundable feature, you have the option to regret your bid by clicking the "Regret and Get Funds Back" button. You will need to enter the amount of money you want to cancel. Bounce supports both full or partial amount regretting, but note that you can only regret before the pool is closed. Your regret amount will then be made available for public bidding after your regret transaction.
The regret functionality helps prevent participants from getting trapped in low-quality or suspicious pools.
- 1.
- 2.If you already know an auction you want to participate, you can search the auction pool by auction pool name, token address, auction creator username or user ID.
Make sure to double check the auction pool information and confirm that you enter the right pool.
There are three types of pool status:
- Upcoming: The auction is not live yet. Be sure to set a reminder so you don't miss it.
- Live: The auction is ongoing and you can place bids
- Closed: The auction is closed and you can no longer participate
3. Once you click into an auction pool page, you will see the auction information in detail. Pay attention to the items mentioned below to ensure you enter the correct pool:
- Pool ID and creator
- Token contract address
- Token price
Additionally if the token is verified on Coingecko, there will be a coingecko icon next to the token contract address, but note that even though token have same ticker, can be a fake token, so please check token contract address directly.
4. Once the auction goes live, you can place bids by entering the amount of allocation you want to purchase. The allocation is on a first come first serve basis. Make sure you have enough funding currency in your wallet. Once you place your bid, your allocation is secured and you need to wait till token claim time.
If an auction is popular, you need to place you bid fast so that you will not miss the auction. You can check the auction progress from the progress bar.
- 6.If the auction pool creator enables the refundable feature, you have the option to regret your bid by clicking the "Regret and Get Funds Back" button. You will need to enter the amount of money you want to cancel. Bounce supports both full or partial amount regretting, but note that you can only regret before the pool is closed. Your regret amount will then be made available for public bidding after your regret transaction.
The regret functionality helps prevent participants from getting trapped in low-quality or suspicious pools.
Last modified 4mo ago