Binance Will Add New Trading Pairs AUCTION/USDC, AUCTION/TRY on April 3rd

Bounce (also known as Auction) is a decentralized auction platform that brings a competitive swapping environment to the DeFi (Decentralized Finance) ecosystem.

Binance, a leading cryptocurrency exchange, is set to introduce new trading pairs for Bounce (AUCTION) on April 3, 2024, at 03:00 (UTC).

The newly listed trading pairs will be AUCTION/USDC and AUCTION/TRY.

Bounce (formerly known as Auction) is a decentralized protocol for token creators, aiming to bring a competitive swapping environment to the DeFi ecosystem.

It is deployed on the Ethereum network.

Bounce offers an alternative to the traditional order book-based exchange model, presenting a decentralized and democratic system.

Instead of relying on a centralized entity, Bounce empowers creators to auction off their tokens directly to potential buyers.

This model shifts the focus from a single market maker to a competitive bidding system, where the market price is driven by collective demand and bidding activity.

The protocol also features multiple auction types, including fixed swap auctions, sealed bid auctions, and English auctions, allowing creators to select the type that aligns with their token and strategy.

The native token of the Bounce platform is AUCTION. It is used for platform governance, enabling token holders to vote on proposals and ultimately decide the direction of the protocol.

Moreover, users can choose to lock or "stake" their AUCTION tokens to earn rewards.

Bounce's mission is to create a cooperative and competitive token swapping environment, aiming for efficiency, transparency, and fairness.