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.
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 remaining $AUCTION tokens that were refunded to you. You can claim your $BSSB tokens and the remaining $AUCTION tokens if any.