Bounce (AUCTION) is a decentralised auction platform that provides an environment for various types of digital asset auctions, primarily focusing on the scarcity of resources to create a competitive swap environment. The platform supports multiple auction types, such as fixed-swap, sealed-bid, and Dutch auctions. It also features cross-chain compatibility and caters to a wide range of digital assets, including NFTs and cryptocurrencies.

Key Features:

• Decentralised Auction Protocol: Offers auction types like fixed-swap, sealed-bid, and Dutch.
• NFT Market: Facilitates the auction of non-fungible tokens.
• Token Launches: Provides a platform for initial token offerings and liquidity mining.
• Cross-Chain Compatibility: Allows users to interact across multiple blockchain networks.

The platform is powered by the AUCTION token, which provides governance, incentivisation, and transaction fee functionalities.

The AUCTION token is used within the Bounce ecosystem for various purposes:

• Governance: Allows holders to vote on proposals for protocol upgrades, fee structures, and other governance matters.
• Transaction Fees: Used to pay fees for creating and participating in auctions.
• Incentivisation: Rewards users for governance participation and liquidity mining.
• Auction Participation: Certain auctions require participants to hold AUCTION tokens.
• Staking: Users can stake AUCTION tokens to earn rewards and increase their governance power.