# Staking Auction Guide

Bounce Finance presents the Staking Auction, a mechanism particularly designed for token launches on the [Bounce Private Launchpad](https://app.bounce.finance/launchpad). 

When the Subscription Period of an Initial DEX Offering (IDO) goes live on the Bounce Launchpad, everyone can participate by committing $AUCTION tokens. Each participant’s token allocation is calculated based on their committed amount of $AUCTION. The more $AUCTION you commit, the more IDO token allocation you'll receive. If the pool is oversubscribed, i.e. the total $AUCTION amount committed by participants exceeds the expected total raise, all participants' allocation will be diluted. 

Once the Subscription Period ends, we’ll calculate each participant's allocation, deduct the corresponding $AUCTION from their account and return the extra $AUCTION if oversubscribed. Participants can then claim their IDO tokens and the refunded $AUCTION tokens if any.

{% embed url="<https://youtu.be/rI80s5ht8yw>" %}

Let's dive into a step-by-step guide for the Staking Auction.

1. First, connect your wallet and sign to proceed.&#x20;

<figure><img src="https://2710409920-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FNyEMlVfYL7xZhAA9xrd7%2Fuploads%2FTOCjcyc7t7aAC48E7U8Q%2FIMG_5105.jpg?alt=media&#x26;token=090968b2-dc9c-4564-8ca5-86d85accc38e" alt=""><figcaption></figcaption></figure>

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.&#x20;

<figure><img src="https://2710409920-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FNyEMlVfYL7xZhAA9xrd7%2Fuploads%2F55R21irF8OekYv5CUs56%2FIMG_7527%202.jpg?alt=media&#x26;token=547f943e-b975-4038-a6b1-e7d593851e9a" alt=""><figcaption></figcaption></figure>

3. Click "Stake" and enter the amount of $AUCTION tokens you want to commit. Then click "Confirm."&#x20;

<figure><img src="https://2710409920-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FNyEMlVfYL7xZhAA9xrd7%2Fuploads%2FsWg8PEc9PAmez080vozT%2FIMG_7532.PNG?alt=media&#x26;token=e636b8c0-4f0c-4944-bf8f-ffbe2cb66063" alt=""><figcaption></figcaption></figure>

&#x20;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.&#x20;

<figure><img src="https://2710409920-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FNyEMlVfYL7xZhAA9xrd7%2Fuploads%2FVlVCyUrRGYy0pv8mxJmh%2FIMG_7530.jpg?alt=media&#x26;token=0c9fce86-2577-494c-8e28-9237c16e1202" alt=""><figcaption></figcaption></figure>

5. After the Subscription Period ends, this Launchpad page will show your final $BSSB allocation and any refunded $AUCTION tokens available to be claimed.

<figure><img src="https://2710409920-files.gitbook.io/~/files/v0/b/gitbook-x-prod.appspot.com/o/spaces%2FNyEMlVfYL7xZhAA9xrd7%2Fuploads%2FmrQDxUGZa7BzadrE7cOT%2FIMG_7531.jpg?alt=media&#x26;token=a02e17df-d1cc-43c9-890b-a59bb399ad33" alt=""><figcaption></figcaption></figure>

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