The auction comes from the BOT currency at 1:100 (100 for each BOT).
Bounce is a decentralized token exchange platform based on Ethereum and coin security smart chain. The platform allows users to establish a token exchange pool with fixed or dynamic exchange rates.
BOT is the native functional token of the platform and is used for the following functions:
Liquidity Mining: bot will be distributed daily to users who successfully submit token transactions.
Governance: users can mortgage BOT tokens to participate in governance voting. Voters can receive BOT token rewards every day.
Transaction handling fee Dividend: 0.20% of all transaction amounts will be treated as handling fee and distributed to BOT token mortgagors.
On the bounce platform, if the cumulative eth / BNB deposit in a specific exchange pool is less than or equal to the rebound level (i.e. the maximum amount of eth / BNB allowed to be received), the token exchange is successful. All other assets deposited will be returned and sent back to the sender’s address.
Two types of switching pools can be established in the platform:
Fixed exchange rate exchange: the exchange rate between the token of the creator of the exchange pool and eth / BNB is always fixed. Once his / her deposit is confirmed, the user will receive the exchanged token. If the accumulated eth / BNB quantity does not reach the return level at the end of the time, the non exchanged tokens will be sent back to the creator of the exchange pool.
Dynamic exchange rate exchange: the exchange rate is based on the number of tokens created by the pool and the number of eth / bnbs in the pool. If the accumulated eth / BNB quantity does not reach the return level at the end of the time, all tokens of the pool Creator will be exchanged for the accumulated assets in the pool, and no tokens will be returned to the creator.