Staking Auction Guide
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Bounce Finance presents the Staking Auction, a mechanism particularly designed for token launches on the Bounce Private Launchpad.
When the Subscription Period of an Initial DEX Offering (IDO) goes live on the Bounce Launchpad, everyone can participate by committing $AUCTION tokens. Each participant’s token allocation is calculated based on their committed amount of $AUCTION. The more $AUCTION you commit, the more IDO token allocation you'll receive. If the pool is oversubscribed, i.e. the total $AUCTION amount committed by participants exceeds the expected total raise, all participants' allocation will be diluted.
Once the Subscription Period ends, we’ll calculate each participant's allocation, deduct the corresponding $AUCTION from their account and return the extra $AUCTION if oversubscribed. Participants can then claim their IDO tokens and the refunded $AUCTION tokens if any.
Let's dive into a step-by-step guide for the Staking Auction.
First, connect your wallet and sign to proceed.
Open the Launchpad page that you want to participate in. Here we use the $BSSB Token Launch as an example. The subscription period section is where you can stake $AUCTION tokens to earn proportional BSSB allocation. There's a timer counting down the time left until the subscription period ends.
Click "Stake" and enter the amount of $AUCTION tokens you want to commit. Then click "Confirm."
4. Once you have successfully staked your $AUCTION tokens, the page will reflect the details including:
Total $AUCTION tokens committed / Total Raise in $AUCTION
Current number of participants
Your estimated $BSSB allocation
Your committed amount of $AUCTION
Your share percentage of the supply pool
Your $BSSB allocation is proportional to the amount of $AUCTION tokens you commit, meaning that the more $AUCTION tokens you commit, the more $BSSB you'll receive. If the total amount of $AUCTION committed by all participants exceeds the total raise, the extra $AUCTION tokens will be refunded to participants.
After the Subscription Period ends, this Launchpad page will show your final $BSSB allocation and any refunded $AUCTION tokens available to be claimed.
