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  • 🕹️Bounce Auction Mechanisms
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  • 👨‍💼Logistics
    • $AUCTION Utility & Platform Fee Structure
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On this page
  • $AUCTION Utility
  • Platform Fee Structure & Distribution
  • 1. No Fee for $AUCTION-based Auctions
  • 2. Standard Fees for Other Currencies
  • 3. Fee Distribution and Staker Rewards

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  1. Logistics

$AUCTION Utility & Platform Fee Structure

Bounce Brand is committed to delivering a diverse suite of products, including various types of auctions, Private Launchpad, CeDeFi trading, AI Agent Launchpad and more. Central to the Bounce ecosystem is the $AUCTION token, which powers key platform functionalities and incentivizes user engagement. Below is an overview of $AUCTION’s utility and the platform’s fee structure.

$AUCTION Utility

As the native token of Bounce, $AUCTION provides a wide range of utilities beyond staking, enhancing user participation and engagement across our core products:

  • Bounce Private Launchpad: $AUCTION holders gain exclusive access to staking pools for the Initial DEX Offerings (IDOs) on Bounce. By staking $AUCTION, users earn proportional allocations of IDO tokens, creating opportunities for early investment in promising Web3 projects.

  • BounceX: $AUCTION can be used as a collateral asset for trading perpetuals on BounceX. This product allows $AUCTION holders to take leveraged positions and amplify potential gains using their $AUCTION holdings.

  • Real-World Collectible Auctions: Bounce’s innovative real-world collectible auctions usually provide $AUCTION holders with exclusive pre-auction activities and early access opportunities.

  • CeDeFi Mining: Users can farm daily $AUCTION prize pool by binding their Binance APIs and trading AUCTION/USDT & AUCTION/FDUSD pairs on Binance.

Platform Fee Structure & Distribution

An integral part of Bounce’s offerings is a robust marketplace for onchain auctions involving tokens, NFTs, and Real-World Assets (RWAs). The platform’s fee structure is designed to balance ecosystem growth and user incentives, while also promoting the utility of the native $AUCTION token.

1. No Fee for $AUCTION-based Auctions

When the auctioneer selects $AUCTION as the auction currency, no fees are charged on the transaction. In this case, $AUCTION serves purely as a medium of exchange, facilitating seamless transfers between buyers and sellers.

The zero-fee policy for $AUCTION-based auctions is a strategic choice aimed at increasing adoption and encouraging broader usage of the $AUCTION token within the Bounce ecosystem. By reducing transaction costs, the platform incentivizes auctioneers to utilize $AUCTION, driving its demand and integrating it more deeply into platform activity.

2. Standard Fees for Other Currencies

If the auctioneer opts to use other currencies (such as ETH, USDT, or other supported tokens), a 0.5%~2.5% transaction fee is applied to the final auction price where the specific percentage depends on the type of auction. This fee is automatically deducted by the smart contract at the conclusion of the auction. Fees collected in non-$AUCTION currencies contribute to the platform’s revenue model and create a sustainable economic framework that supports the broader Bounce community.

3. Fee Distribution and Staker Rewards

To enhance community engagement and reward loyal participants, Bounce periodically organizes staking pools where $AUCTION stakers can earn a share of the fees collected from auctions that raise in ETH. These staking programs provide opportunities for participants to benefit from the platform’s growth and activity, aligning incentives between users and the platform’s success. By distributing a portion of fees to stakers, Bounce fosters a circular economy that incentivizes long-term participation, strengthens the token’s value proposition, and reinforces user loyalty.

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Last updated 4 months ago

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