Bounce finance governance token, Auction is based on the Ethereum blockchain network where its protocol allows decentralized auctions to occur. It utilizes the concept of swapping, which basically refers to the seamless exchange of tokens in a competitive and efficient environment, for a limited supply of tokens. Bounce made the swapping platform while relaxing the limitations which are generally associated with it. Bounce aims to allow their users to launch tokens of their own and NFTs in a fair as well as competitive swap environment. In August 2020, Bounce launched auction pools namely, Fixed and dynamic ratio swapping. Bounce was also able to successfully conduct an experiment BOT ( Name of the token at that time ). Bounce has made several improvements to its platforms as follows : Bounce governance V1 : Staking for governance, On chain proposals, Governance vault and social trust No loss lottery and NFT lottery Bot token migration : Migration from BOT to AUCTION allows users to participate in decentralized as well as centralized auctions. Bounce has announced that they will become the first decentralized marketplace to host Polkadot and Kusuma parachain slot auction crowdloans , This enables parachains and teams using these chains to issue fair and competitive token sales and benefit from its governance, interoperability and security which would allow users to build variety of applications and use cases.