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Bounce Staking Auction User Guide

Bounce Finance presents the Staking Auction, a mechanism particularly designed for token launches on the Bounce Private Launchpad.
During the Subscription Period of a token launch on Bounce, participants can engage through committing $AUCTION tokens. Each participant’s token allocation is calculated based on their committed amount of $AUCTION. Once the Subscription Period ends, we’ll deduct the corresponding $AUCTION from each participant’s account and return any extras. Users can then claim their earned token allocations and the remaining $AUCTION tokens if any.
Let's dive into a step-by-step guide for the Staking Auction.
  1. 1.
    First, connect your wallet and sign to proceed.
  1. 2.
    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.
  1. 3.
    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.
  1. 5.
    After the Subscription Period ends, this Launchpad page will show your final $BSSB allocation and any remaining $AUCTION tokens that were refunded to you. You can claim your $BSSB tokens and the remaining $AUCTION tokens if any.
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