Dear Nami Community,
In order to expand the investment portfolio and bring more choices to users and the community, Nami Exchange would like to announce the listing of AUCTION token with trading pairs AUCTION/VNDC and AUCTION/USDT.
Bounce is a decentralized auction platform, incorporating liquidity mining, decentralized governance and staking mechanisms. The first principle of Bounce is scarcity of resources, which creates a competitive swap environment.
The idea of “swap” originated from Uniswap, where infinite liquidity is provided for participants. While this is a great concept, Bounce focuses on the opposite scenario instead.
Bounce provides a competitive environment, for a limited supply of tokens or other assets like NFT’s. The assets can be auctioned off in various ways, such as:
Various types of auctions where a limited amount of tokens are auctioned off with different auction principles and time limits, such as fixed price (fixed swap auction), decreasing price (Dutch auction) or hidden price (sealed-bid auction)
NFT’s are auctioned off with similar auction principles as token sales. However, there is usually a lower number of NFT’s (or only a unique piece) for sale.
The Bounce platform works with the most commonly used cryptocurrency wallets, such as MetaMask, Binance Chain wallet, WalletConnect, Coinbase Wallet, Ledger and Trezor. More wallets will be supported in the future.
The Bounce web app is available for Ethereum and Binance Smart Chain based assets.
Once your wallet is connected, you can toggle between the Ethereum and Binance Smart Chain mainnet networks.
Nami Futures of Nami Corp was established in Singapore in 2017, specializing in research and development for Crypto and Forex trading solutions.
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