Bounce to Hold Kweichow Moutai RWA Auction

Bounce will launch the Kweichow Moutai real-world asset auction on August 8 at 13:00 UTC on BNB Chain, with a starting price of 20 AUCTION tokens. The auction follows the English format, with bid increments between 15 and 30 AUCTION, and will close no later than August 22 unless no new bids are placed within six hours.

Winners will receive a transferable NFT as proof of ownership, redeemable for the Moutai Bundle at Bounce’s event in Singapore. The bundle includes four limited-edition aged Kweichow Moutai collectibles known for their rarity and sustained market demand.

Refer to the official tweet by AUCTION:

AUCTION Info

Bounce (also known as Auction) is a decentralized auction platform that brings a competitive swapping environment to the DeFi (Decentralized Finance) ecosystem. The platform is built on the Ethereum network and aims to revolutionize traditional auction models by providing a more decentralized and democratic system where users are in control.

Bounce allows creators to auction off their tokens directly to potential buyers. This model replaces the traditional order book-based exchange model with a competitive bidding system, resulting in a market-driven price determination.

A distinguishing feature of Bounce is its multiple auction types, such as fixed swap auctions, sealed bid auctions, and English auctions. This enables token creators to choose the auction type that best suits their token and strategy.

The native token of the Bounce platform is AUCTION. It is used for platform governance, giving token holders the power to influence the direction of the platform. Users can also stake their AUCTION tokens to earn rewards.

Bounce's vision is to make the token swapping process more efficient, transparent, and fair, creating a platform where the community can participate in a competitive token swapping environment.