What is Auction (AUCTION)

1. Project Introduction
Bounce is a fully decentralized auction platform that leverages blockchain technology to offer a transparent, efficient, and accessible auction, bidding, and purchasing experience for Web3 users.
Summary: Bounce is a Web3 marketplace protocol and auction platform that enables the creation of various markets—ranging from direct sales to bespoke contract agreements and diverse types of token auctions. It is multichain compatible, allowing users to host auctions across different blockchain networks.
2. Team & Investment Info
Jack Lu (Co-founder): Founded Bounce in June 2020 and is also a partner at NGC Ventures. In 2024, he launched BounceBit.
Chandler Song (Co-founder): Former software engineer at Amazon in 2017, founder of Ankr (node infrastructure provider), and in 2023, he founded PeroNova, which focuses on commercializing perovskite solar cells.
Funding:
Mar 2021: Strategic round (undisclosed amount) with investors including Coinbase, Pantera, Blockchain Capital, Hashed, DHVC, and Fundamental Labs.
3. Social Media URLs
X: https://x.com/bounce_finance?s=21
Telegram: https://t.me/bounce_finance
Medium: https://bouncefinance.medium.com/
4. Token Info
Token Symbol: AUCTION
Total Supply: 10,000,000
Token Type: ERC-20
Issuance/Burn Mechanism: Fixed supply
Contract Address: 0xa9b1eb5908cfc3cdf91f9b8b3a74108598009096
Token Distribution:
Foundation: 10%
Community Rewards: 35%
Investors: 24%
Ecosystem B: 10%
Team: 10%
Market Makers: 5%
Public Sale: 6%
5. Related Links
Official Website: https://www.bounce.finance/
White Paper: https://docs.bounce.finance/
Other Info: https://github.com/bouncefinance