Staking Auction Guide
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Bounce Finance presents the Staking Auction, a mechanism particularly designed for token launches on the .
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.
