Auctions

The Elite Venue Program utilizes the Bounce Finance Auction API. A minimum of 100 participants engage in a blind bidding process, placing their bets. Once the results are announced, the top 100 bidders with the highest stakes become partners of the Elite Venue.

Bounce Finance Auction is a decentralized auction platform that operates on blockchain technology. It allows users to create and participate in various types of auctions, including token sales, NFT auctions, and OTC trading. The platform is unique in its approach to auction formats, offering both fixed swap and dynamic (or Dutch) auctions. In a Bounce auction, participants submit bids without knowing the bids of others, fostering a competitive and fair environment. The platform's decentralized nature ensures transparency and security, making it a popular choice for projects and individuals looking to conduct auctions in the cryptocurrency space.