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Cryptocurrencies
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Bounce is a decentralized token exchange platform built on Ethereum and Binance Smart Chain. The platform allows users to establish token exchange pools with fixed or dynamic exchange rates.
BOT is the platform's native utility token and is used for the following functions:
Liquidity mining: BOT will be distributed daily to users who successfully submit token transactions.
Governance: Users can stake BOT tokens to participate in governance voting. Voters can receive daily BOT token rewards.
Transaction Fee Dividend: 0.20% of all transaction amounts will be used as a transaction fee and distributed to BOT token stakers.
On the Bounce platform, a token swap is successful if the cumulative ETH/BNB deposit in a particular exchange pool is less than or equal to the bounce level (i.e. the maximum amount of ETH/BNB allowed to be received). All other assets deposited will be returned and sent back to the sender's address.
Two types of exchange pools can be established in the platform:
Fixed exchange rate exchange: The exchange rate between the exchange pool creator's token and ETH/BNB is always fixed. Once his/her deposit is confirmed, the user will receive the tokens in exchange. If the accumulated ETH/BNB amount does not reach the return level by the end of the time, the unswapped tokens will be sent back to the creator of the exchange pool.
Dynamic Exchange Rate Swap: The exchange rate is based on the amount of pool creator tokens and the amount of ETH/BNB in the pool. If the accumulated amount of ETH/BNB has not reached the return level by the end of the time, all tokens of the pool creator will be exchanged for the accumulated assets in the pool and no tokens will be returned to the creator.