April 20, 2022

Bounce Guide: Participation in IDO, Tiers and Launchpad Requirements

What Is Bounce?

Bounce Launchpad is a well-designed Launchpad that has great investors. It is firmly among the top 300 projects by market capitalisation on CoinGecko and other cryptocurrency data sites.
Bounce operates an ecosystem of auction products. Bounce products are available on multiple blockchains for more play, more opportunities, more potential.

Should I choose Bounce? 

Bounce Finance is a fully decentralised start-up panel. Bounce Launchpad provides services through various types of auction methods for tokens and NFT auctions. An overview of auctions and participation can be found below. Absolutely anyone can buy from auctions. You can buy tokens with a limited number of assets in a regular auction. Or in an NFT auction, where the number of tokens is always limited to a smaller number of assets (even one unique instance).

How Does Bounce Work, Whitelisted

Bounce Launchpad gives you the choice of participating in different auction types.

Auction types


1. Fixed Swap

A fixed swap auction is an auction with a fixed price. When you buy, you have to make a deal with the auctioneer based on a set price.
Bounce Finance offers fixed swap auctions for ERC20 tokens. Both participants and auctioneers receive swap assets at the same time.
Regardless of whether the pool is partially or completely full, you receive your tokens automatically.

2. Closed Bid

Buying in a closed bid auction on the blockchain is easy enough. All bids are automatically filled in the smart contact. The filling goes from the high price to the lowest until all tokens in the pool have been sold.

3. Dutch auction

In this auction you can buy tokens for either a fixed price or a starting price. The price of the assets decreases to a fixed price all the time, for example by 0.1 ETH every 10 minutes. When all the assets have been sold, the auction is considered to be closed.
As with a fixed swap auction, you receive your tokens automatically, irrespective of whether the pool is partially or completely full. There are no further requirements.

Bounce Finance

Bounce Locked Liquidity Pool

Bounce Locked Liquidity Pool improves auctions by providing liquidity.

Liquidity provision conditions:

  • percentage of funds raised for providing liquidity
  • DEX listing price
  • liquidity lock period

These terms must be agreed in advance, even before the auction starts. If the auction has already started, the conditions cannot be changed.
After the end of the auction, a smart contact automatically creates a locked liquidity pool on DEX.

As a result, the risk of rug pull is reduced. Because the percentage of funds invested is predetermined. And is managed by smart contracts, providing liquidity. A liquidity pool that is created automatically provides greater protection in decision-making.

NFT auctions


1. NFT sealed-bid auction

The peculiarity of this auction is that the result is known after the end of the pool time. The smart contract automatically assigns the NFT to the bidder who offered the highest price at the end of the auction.

2. English NFT auction

The auction creator sets the lowest price for his item. It can even be zero.
Then, everyone who wants to buy the item places their bid. In doing so, raise the reserve bid by a predetermined step. If the bids are over and no one else wants to bid more than the bid already made, then the auction is considered to be closed. The bidder who called the last bid receives the goods.

3. Dutch NFT auction

In a Dutch Bounce NFT auction, the NFT price decreases gradually by a certain amount. For example, 0.1 ETH every 10 minutes. The Dutch NFT auction ends when the user bids the current price.
Regardless of how full the pool is - fully or not - you need to collect your tokens/NFT.

Bounce Statistics and Performance 

Bounce Statistics

According to statistics from cryptorank.io, Bounce ranks 22 among similar platforms. To date, Bounc has raised $757.50K in investment, with an average ROI of 38.22x.

This demonstrates the certainty that it is possible to create, collect and trade all types of assets, tokens and NFTs on multiple blockchains. Given this fact, Bounce is really worth a look.

The results of recent IDOs held at Bounce are shown in the following image.

IDOs held at Bounce

What do you need to Participate in IDO on Bounce?

In order to take part in IDO on Bounce, you need to do a few specific things.

1. Go to https://app.bounce.finance/ and select a pool under "Pool type".

Pool type

2. Find the auction pool to participate in. Pay attention to the items below to make sure you have entered the correct pool:

  • Pool ID
  • Contract Address for the token
  • Symbol of the pair and token
  • Bid amount
Pool ID

3. If everything is correct, click join and enter the auction information page.

4. Enter bid, press go button and confirm transaction in Metamask (or any other wallet you use).

Disclaimer

The information contained in this article is for information purposes only. It should not be construed as financial advice. Investing in cryptocurrency involves significant risk of loss, and we advise you to consult a financial advisor if you decide to invest in cryptocurrency. Remember that all investments are made at your own risk.

FAQ

Is Bounce available in the UK? 

Bounce is not a scam, the site is legal and available in the UK.

Is Bounce Safe? 

Bounce Launchpad takes the security of its project seriously. The buying and selling process is secure for both the auctioneer and the buyer thanks to the automation of transaction completion through smart contracts.

How do I participate in Bounce? 

To participate in an IDO on Bounce, the user must first purchase the required number of tokens. Everyone can buy through a fixed sweep auction, a Dutch auction (based on the price reduction principle) or a closed bid auction (based on the hidden price principle). NFTs are sold in the same way with the only difference being that the number of tokens is always limited to a smaller number of assets (even one unique instance).

Conclusion

Bounce Launchpad is the engine that drives the auction-product ecosystem. Bounce services are available on a variety of blockchains, providing more opportunity, play and potential. The buying and selling process is secure for everyone. The project's support on ETH and BSC networks is a great advantage of Bounce Finance, allowing it to reach many different users. Bounce is a potential project in which many large organisations, including Coinbase Ventures, are investing.

Thank you so much for reading!

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Jack Evans


I became a crypto asset owner in 2014, when the industry was in its infancy. Before that, I was working in the classic US and European stock markets. Since then, I have gained extensive experience in both cryptocurrency investing and day trading. I am happy to share with readers my experience with crypto exchanges, DeFi and NFT instruments.
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