Advancing the Auction Landscape: Bounce’s Innovative Strategies for Meeting Market Demands

Bounce Brand
2 min readJan 26, 2023

As the market cycles continue to evolve, so too must the mechanisms and methods by which we conduct auctions and offerings. At Bounce, we are constantly striving to innovate and improve upon our platform in order to meet the ever-changing demands of the marketplace and maximize capital efficiency.

In the current landscape, we have seen the rise of the ICO during the 2017 market cycle, and more recently, the emergence of IDOs thanks to the innovation in the DeFi space. Our own decentralized auction platform, Bounce V3, currently offers six different types of auctions — Fixed swap, English, Dutch, Random Selection, Sealed-bid, and LBP — all of which serve a variety of use cases for both tokens and NFTs. However, we recognize that there is still room for further innovation and development.

With that in mind, our team is currently researching and designing two new types of auctions that will be live on Bounce V3 in the latter half of 2023.

  • The first of these is the Initial Orderbook Auction, which allows auctioneers and participants to place both ask and bid orders within a specific price range during a predetermined time window. These orders are then matched at the end of the auction and executed accordingly. This type of auction provides a great deal of flexibility for both parties and also facilitates spot trading following the auction, as prices and order book patterns are established during the auction period.
  • The second new auction type is the Initial Group Offering, which represents the “Layer 2” of the current auction landscape. While all current decentralized offerings are geared towards individuals, we recognize the value and resources that can be found in groups. With group offering, auctions can be conducted as a group and group allocation can be achieved.

At Bounce, we are always open to new ideas and suggestions from our community. If you have an idea for a new type of auction, please fill out our idea form and we will do our best to bring your concept to life on Bounce V3.

Bring Your Auction Concept to Life on Bounce V3: Submit Your Ideas through Our Idea Form

Keep up to date on all the latest from Bounce 👇.

Website | Platform | Statistics | Docs | Telegram | Telegram Ann | Twitter | Medium | Community

--

--

Bounce Brand

An experiment. Decentralized Auction. Swap or get bounced.