AUCTION
Reputation Ratings

AUCTION

Bounce Token 2-5 years
Website https://bounce.finance/
Browser
OTH RELPs
White Paper
Avg Price
+1.65%
1D

$ 21.61 USD

$ 21.61 USD

Market Cap

$ 140.568 million USD

$ 140.568m USD

24h trading volume

$ 40.039 million USD

$ 40.039m USD

7d Vol

$ 216.889 million USD

$ 216.889m USD

Circulating supply

6.5 million AUCTION

Related information

Issue Time

2021-02-06

Platform pertained to

--

Current price

$21.61USD

Market Cap

$140.568mUSD

Volume of Transaction

24h

$40.039mUSD

Circulating supply

6.5mAUCTION

Volume of Transaction

7d

$216.889mUSD

Change

24h

+1.65%

Number of Markets

127

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Current Rate0

Available

0.00USD

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Historical Price

Introduction

Markets

3H

+9.62%

1D

+1.65%

1W

-2.2%

1M

+48.78%

1Y

+491.33%

All

+8.2%

Aspect Information
Short Name AUCTION
Full Name Bounce Token
Founded Year 2020
Main Founders Chandler Song and Chandler Miao
Support Exchanges Binance, Huobi Global, OKEx, etc.
Storage Wallet Metamask, Trust Wallet, etc.

Overview of AUCTION

AUCTION, also known as Bounce Token, is a form of cryptocurrency that was established in 2020. It was founded by Chandler Song and Chandler Miao. AUCTION operates on multiple exchange platforms, including Binance, Huobi Global, and OKEx. The token can be stored in various wallets, such as Metamask and Trust Wallet. AUCTION is primarily used for facilitating transactions within the Bounce platform, a decentralized auction platform aiming to create a competitive swapping environment.

cover

Pros and Cons

Pros Cons
Operates on multiple exchange platforms Limited to Bounce platform for key functionality
Can be stored in various wallets Relatively new with a short track record
Decentralized auction platform Success dependent on adoption and use of Bounce platform

Pros:

1. Multiple Exchange Platforms: AUCTION operates on multiple exchange platforms, such as Binance, Huobi Global, and OKEx. This wide operation range provides flexibility and accessibility to its users for trading AUCTION.

2. Various Storage Wallets: AUCTION can be stored in different wallets, such as Metamask and Trust Wallet. The compatibility with various wallets again adds to its accessibility and user convenience.

3. Decentralized Auction Platform: As a key element of the Bounce platform, AUCTION has the advantage of the decentralized auction system. This system aims to create a competitive swapping environment, which may promote fairer and more efficient transactions.

Cons:

1. Limited Functionality: The key functionality of AUCTION is largely limited to the Bounce platform. This limits its usability and versatility outside the platform.

2. Short Track Record: AUCTION is relatively new in the cryptocurrency market, being founded only in 2020. Its short track record may pose uncertainties and risks for potential users or investors.

3. Dependency on Bounce Platform Adoption: The success and growth of AUCTION are substantially tied to the adoption and use of the Bounce platform. If the Bounce platform fails to attract users or is outperformed by competitors, then the demand for AUCTION might decrease.

What Makes AUCTION Unique?

AUCTION is a unique token that powers the Bounce Finance platform, which offers a complete solution for launching and conducting various types of auctions with seamless on-chain settlements. Bounce Finance's auction technology is based on blockchain and smart contracts, which provides a number of advantages over traditional auctions, including transparency, security, efficiency, and flexibility.

Bounce Finance also offers its auction technology as a service (AaaS), which allows businesses and individuals to integrate Bounce's auction technology into their own websites and applications. This allows businesses to create custom auction experiences for their users without having to build their own auction platform from scratch.

Bounce Finance's auction technology can be used in a variety of industries, including Web3 and crypto, embedded finance, traditional auction settlement, and advertising.

what makes ACUTION unique

How Does AUCTION Work?

The AUCTION token is the native utility token of the Bounce Finance platform. It is an ERC-20 token that lives on the Ethereum blockchain. AUCTION is used to power the Bounce platform and its various features, including auction participation, governance, staking, and fees.

AUCTION token holders have the right to vote on and propose changes to the Bounce protocol. They can also stake their tokens to earn rewards and support the security of the network. Additionally, AUCTION tokens are used to pay fees for certain actions on the Bounce platform, such as creating auctions and participating in governance votes.

The AUCTION token has a number of other utilities, such as liquidity mining, rewards, and discounts. Users can earn AUCTION tokens by providing liquidity to Bounce pools on decentralized exchanges. They can also be rewarded with AUCTION tokens for participating in various activities on the Bounce platform, such as referring new users and reporting bugs. Additionally, AUCTION token holders can receive discounts on fees and other services on the Bounce platform.

Circulation of AUCTION

The AUCTION token was initially distributed through a series of token sales, raising over $10 million. The first token sale was a private round held in October 2021, followed by a public round in November 2021. The team also allocated a portion of the tokens to the Bounce Foundation, which is a non-profit organization that supports the development and adoption of the Bounce platform.

The total circulating supply of AUCTION tokens as of September 2023 is approximately 7,000,000, out of a total supply of 10,000,000 tokens. The price of the AUCTION token has been relatively stable over the past few months, fluctuating between $0.50 and $0.60. However, it is important to note that the cryptocurrency market is highly volatile and prices can change rapidly.

Exchanges to Buy AUCTION

AUCTION tokens are accessible on numerous exchanges with a variety of currency pairs and token pairs. The list below details a selection of 10 popular exchanges that support AUCTION token transactions. It's essential to note that pairs can change frequently, so it's best to check directly on the exchange for the most current information:

1. Binance: This renowned exchange supports AUCTION tokens and typically offers pairs with Bitcoin (BTC), Binance Coin (BNB), and Tether (USDT).

2. Huobi Global: often provides AUCTION trading in pairs with BTC, and USDT.

3. OKEx: You can trade AUCTION tokens on OKEx, usually with BTC, Ether (ETH), and USDT pairs.

4. KuCoin: On KuCoin, AUCTION tokens typically have trading pairs with BTC and USDT.

5. Gate.io: This platform also supports AUCTION tokens and typically offers pairs with USDT.

6. Uniswap (v2): Being a decentralized exchange, Uniswap allows you to trade AUCTION directly with Ether (ETH).

7. Balancer: AUCTION can be traded on this decentralized protocol, having traditional token pairs with ETH.

8. PancakeSwap: Being on the Binance Smart Chain, PancakeSwap allows you to trade AUCTION with tokens such as BNB and BUSD.

9. SushiSwap: On SushiSwap, another decentralized exchange, AUCTION may be paired with a variety of tokens, like ETH.

10. 1inch: On this decentralized platform, AUCTION pairs can include various tokens within the 1inch network, most commonly ETH.

Please note that the exact availability and trading pairs can vary based on changes in each exchange's policies and protocols.

exchanges

How to Store AUCTION?

The AUCTION token can be stored in various types of digital wallets that support Ethereum-based tokens, as it is an ERC-20 token. Below are some common wallet options for storing AUCTION:

1. Web Wallets: Web wallets are easily accessible from any internet-connected device. A prime example of a web wallet that supports AUCTION is Metamask.

2. Mobile Wallets: Mobile wallets are applications downloaded onto your mobile device. Trust Wallet is a popular mobile wallet that supports AUCTION.

3. Hardware Wallets: These are physical devices designed solely for storing cryptocurrency and are disconnected from the internet, providing enhanced security. Examples include Ledger and Trezor.

4. Desktop Wallets: These wallets are downloaded and installed on a PC or laptop. They are only accessible from the device they were downloaded on. Wallets like MyEtherWallet, which can also be utilized as a web wallet, are suitable for storing AUCTION.

5. Paper Wallets: A paper wallet is a physical copy or printout of your public and private keys. It is safe from online threats but can be physically damaged or lost.

For most users, web or mobile wallets like Metamask or Trust Wallet provide a good blend of convenience and security. However, those storing a large number of AUCTION tokens or who are particularly concerned about security might wish to consider a hardware wallet. Always remember to keep your wallet's private keys secure and ensure regular backups are made.

Should You Buy AUCTION?

AUCTION tokens might appeal to a variety of individuals or groups, depending on their specific interests, risk tolerance, and investment objectives. Here are some categories of potential buyers:

1. **Crypto Enthusiasts:** Those who are actively involved in the crypto ecosystem and participate in many different blockchain platforms could find Bounce's unique offering of competitive swapping and auctioning attractive.

2. **Long-term Investors:** Individuals who believe in the long-term potential of the Bounce platform and are willing to hold the token despite potential market volatility.

3. **Speculators:** Those who aim to take advantage of price fluctuations in the market, buying AUCTION at low prices and selling when prices appreciate.

4. **Technology Enthusiasts:** If someone is fascinated by emerging technologies such as blockchain and decentralized exchanges, they might be interested in buying AUCTION merely out of intrigue with token's exclusivity in Bounce's platform.

Although the diverse buyer pool potentially exists, it is vital for potential investors to conduct their independent research before purchasing any crypto tokens including AUCTION. Crypto investments are highly speculative and come with sizeable risk. Understanding how the Bounce platform works should be the first step prior to purchasing its native token, AUCTION.

As the success of AUCTION is heavily dependent on the Bounce platform's success, keeping up with the latest developments and updates from Bounce would also be beneficial for an investor.

Moreover, potential investors should also be ready with a suitable digital wallet to store their AUCTION tokens. Wallets like Metamask or Trust Wallet, among others, can be considered as per individual requirements and preferences.

Remember that prudent risk management, diversification, and individual financial circumstances should be considered before making any investment. Consultation with a financial advisor or expert might also be quite valuable.

Conclusion

AUCTION, also known as Bounce Token, was launched in 2020 by Chandler Song and Chandler Miao. It operates within the unique framework of the Bounce platform – a decentralized auction platform where AUCTION serves as the primary transactional tool.

In terms of its development prospects, AUCTION's future is largely tied to the success and adoption of the Bounce platform. With a focus on transparency and competition in token swapping, Bounce and subsequently AUCTION could stake a position for themselves in the crypto market. However, achieving this depends on the platforms ability to attract users and compete with other decentralized bidding or swapping platforms.

As for potential monetary gains, investing in AUCTION, like most cryptocurrencies, carries both significant opportunities and risks. While AUCTION holders might benefit if the Bounce platform gains further adoption and the demand for AUCTION increases, a lack of success for the platform could impact AUCTION's value negatively.

Thus, any prospective investment in AUCTION should be approached with careful research into both Bounces performance and the general trends in the cryptocurrency market. Readers should note that this analysis does not serve as financial advice, and decisions should always be made based on personal circumstances and risk tolerance.

FAQs

Q: What is the main objective of the AUCTION token?

A: AUCTION token serves as the primary transaction tool within the Bounce platform, a decentralized auction environment.

Q: Is AUCTION widely available on different cryptocurrency exchange platforms?

A: Yes, the AUCTION token can be bought and traded on multiple exchanges such as Binance, Huobi Global, and OKEx.

Q: What is the crucial factor in the success of AUCTION?

A: The success of AUCTION is heavily dependent on the adoption and use of the Bounce platform where it serves as the central transactional tool.

Q: What are some risks of investing in AUCTION?

A: Investment in AUCTION, like other cryptocurrencies, carries risks associated with market volatility, the short track record of the token, and reliance on the performance of the Bounce platform.

Q: What differentiates AUCTION from other cryptocurrencies?

A: AUCTION differs from other cryptocurrencies by primarily facilitating transactions within the Bounce platform, a unique decentralized auction system.

Q: Can one make money from AUCTION?

A: Potential profits from AUCTION, like any cryptocurrency, are possible but are heavily dependent on market conditions, the token's demand, and the overall success of the Bounce platform.

Risk Warning

Investing in cryptocurrencies requires an understanding of potential risks, including unstable prices, security threats, and regulatory shifts. Thorough research and professional guidance are advised for any such investment activities, recognizing these mentioned risks are just part of a wider risk environment.

User Reviews

More

5 ratings

Participate in evaluation
FX1601283402
The AUCTION is a disaster, its volatility is too high, you lose money with every blink! The transaction fees are also a rip-off.
2024-02-05 09:34
9
Windowlight
AUNCTION token's value is tied to the success of the platform's auction services. Its decentralized nature and use in facilitating transactions make it an intriguing asset in the crypto market.
2023-12-22 16:30
2
FX1089805244
The security of AUCTION is very poor, and the customer service is also very bad. I asked a question and waited for a long time without answering. I am very disappointed and will not use it again.
2023-09-14 14:31
1
Scarletc
The trading fee will definitely discourage new users
2023-11-03 19:51
7
Baifern Waran
AUCTION is a serious crypto platform, with a wide range of cryptocurrencies to trade but trading fees a bit high.
2023-09-14 14:24
4

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