Bounce Finance has a native platform token called Bounce Token (ticker: BOT). The platform token facilitates platform operation, utility capture and value realization. The BOT token has no monetary value. The BOT token incorporates economic and game theoretical designs to boost platform utility.
Each BOT token represents one vote in the decision making process of the Bounce platform governance. The more BOT tokens held in their wallet, the higher voting power and influence they can make on proposals.
The BOT token can be used as a currency for pool creators, who can choose to receive their auction proceeds in BOT tokens.
Creating more advanced auction types is only available for BOT token holders. In addition, exclusive pools with beneficial token prices are only available to BOT token holders.
To reduce fake/scam pools, BOT token holders can take the responsibility to create social verified pools. Users need to stake BOT tokens to support and vet social verified pools.