$AUCTION Token Economics

Bounce's native token is $AUCTION which serves as the backbone of the platform, allowing for operation, utility capture, and value creation. It should be noted that the AUCTION token does not have a monetary value. The token has been designed with both economic and game-theoretical principles to enhance platform utility.

The features of the AUCTION token include:

  • Governance Voting: Each AUCTION token represents a vote in the governance process of the Bounce platform. The more tokens held in a wallet, the greater the voting power and influence the holder has on proposals.

  • Medium of Exchange: Pool creators have the option to receive their auction proceeds in AUCTION tokens, which can be used as a currency.

  • Exclusive Auction Spotlight: Creators can stake their auctions to get their activities promoted and noticed by platform users.

  • Bounce V3 Membership: Verification and privileged access to the platform are available to members.

  • Bounce Staking: Staking AUCTION tokens earns rewards from protocol fees generated."

Increased utility will be made available as new features are introduced

Last updated

Β©2023 Bounce dao Ltd. All rights reserved.