What is Bounce Token (AUCTION)? Functions, Tokenomics, and Price

Bounce Token (AUCTION) is the backbone of the Bounce Finance ecosystem, which focuses on a blockchain-based decentralized auction system.

With its unique concept and wide range of utilities, this project offers a new approach to the world of digital auctions. Read this article to find out what Bounce Token (AUCTION) is, its functions, its tokenomics, and the price performance!

Key Takeaways

• Bounce Token (AUCTION) is the main token in the Bounce Finance ecosystem for decentralized auctions.
• AUCTION has many functions, ranging from on-chain auctions, governance, staking, to IDO.
• The AUCTION tokenomics is now largely open, with a maximum supply of 10 million tokens.

What is Bounce Token (AUCTION)?

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Bounce Token (AUCTION) is the native token of the Bounce Finance platform, a blockchain-based protocol that provides a decentralized auction system.

This protocol allows users to create and participate in auctions of various assets directly on the blockchain, without the need for third-party intermediaries.

One of Bounce Finance's key advantages is its Auction as a Service (AaaS) model. This feature allows anyone to create their own auctions, whether for digital assets or physical goods represented on-chain.

Without a centralized intermediary, every transaction on Bounce Finance is immutable and publicly verifiable. This makes the platform ideal for creators, collectors, and crypto projects seeking to transparently sell or distribute assets.

Read Also: What is RAI Token (RAI)? Functions, Tokenomics, Roadmap, and Price

Functions of Bounce Token (AUCTION)

Bounce Token (AUCTION) plays a significant role within its ecosystem. It's not just a medium of exchange; it's also a key driver of various activities on the platform.

1. Used for On-Chain Auctions: AUCTION is used to participate in asset auctions on Bounce Finance, including auctions of tokenized real-world items.

2. Governance and Voting: AUCTION holders have voting rights in important decision-making. This makes Bounce Finance community-driven, rather than controlled by a single party.

3. Staking and Profit Sharing: Users can stake AUCTION to earn a share of the platform's revenue. This feature provides an additional incentive for long-term holders.

4. Transaction and Membership Media: Transaction and Membership Media: AUCTION is used as a payment tool in various transactions, including access to Bounce V3 Membership, which offers exclusive features.

5. IDO Participation: Bounce Token also serves as an entry ticket to various Initial DEX Offerings (IDOs), opening up early investment opportunities in new projects in the DeFi ecosystem.

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Tokenomics of Bounce Token (AUCTION)

In terms of tokenomics, Bounce Token has a maximum supply of 10 million AUCTION tokens. Its distribution is designed to balance the interests of the team, investors, and the community.

Here’s the AUCTION token distribution:

Private Investors: 36,42%

Foundation: 15,17%

Team: 15,17%

Community Incentives: 9,33%

Public Sale: 9,10%

Market Making: 7,59%

Ecosystem Building & Marketing: 7,21%

Currently, approximately 6.59 million AUCTION or 65.9% of the supply is in circulation, while the rest is classified as untracked. No tokens are recorded as locked, resulting in relatively high supply transparency.

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AUCTION Price Today

Image Source: Coinmarketcap

Based on the latest chart, AUCTION price today is around $6.44 with a daily correction of around 7%.

However, in the last 7 days, this token has recorded an increase of around 26.30%, far outperforming the global crypto market and other projects in the Ethereum ecosystem.

This shows that market interest in Bounce Token is still quite strong, especially due to its real utility and product development.

Read Also: What is Trusta AI (TA)? Main Products, Functions, Tokenomics, and Price

Conclusion

Bounce Token (AUCTION) is not just a speculative token, but a crypto asset with real utility in the world of decentralized auctions.

With the concept of Auction as a Service, governance features, staking, and IDO, AUCTION offers a mature and relevant ecosystem for the future of Web3.

While short-term prices may fluctuate, the project's foundation is solid enough to warrant further monitoring.

Read Also: What is Polyhedra Network (ZKJ)? Technology, Functions, Tokenomics, and Price

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FAQ

What is Bounce Token (AUCTION)?

Bounce Token is the primary crypto token of the Bounce Finance platform used for blockchain-based decentralized auctions.

What is the main function of AUCTION?

AUCTION is used for on-chain auctions, governance, staking, transactions, membership, and IDO participation.

What is the total supply of Bounce Token?

The maximum total supply of Bounce Token is 10 million AUCTION.

Is Bounce Token suitable for the long term?

With real utility and an active ecosystem, AUCTION is interesting to monitor, but independent research is still needed before investing.

Where can I see the Bounce Token price?

The AUCTION price can be monitored through platforms such as CoinMarketCap or the exchange where this token is traded.