Bounce Finance Development Roadmap for June 2023
As we approach June, Bounce Finance is thrilled to share our development roadmap for the upcoming month. Our team has been working tirelessly to deliver innovations and enhancements that align with our commitment to reinvent the auction experience. From launching real-world collectible auctions, integrating OKX wallet, releasing the mobile version of our app, to expanding our auction services to include fixed-price and English auctions for NFTs, our upcoming initiatives aim to redefine the boundaries of auction functionality and user experience. Additionally, we are eagerly preparing for our integration with Galxe Passport and Galxe’s Credentials, and the development of a novel auction type that ensures proportional allocation based on bid amounts. Read on to uncover the details of these exciting developments.
Launching Real-World Collectible Auction
Kicking off the month of June, Bounce Finance is poised to achieve a significant milestone with the launch of our highly-anticipated real-world collectible auction. For the inaugural auction, we have formed a partnership with FOUNDO, a new luxury brand that uses the latest in blockchain technology, superior materials and world-class craftsmanship to provide customer-centric products and experiences. Their diverse product line encompasses fine jewelry, home goods, bags, accessorized installations, artwork, and NFTs — all reflecting their vision of bridging the gap between the virtual and physical realms. Our collaboration with FOUNDO includes auctioning a stunning diamond necklace, artistically crafted in the shape of an angel’s hand holding a diamond.
Keep an eye out for more details about our auction of this exquisite necklace, which we’ll be unveiling soon!
Furthermore, we will be featuring the NFT auctions orchestrated by the esteemed auction houses, Christie’s and Sotheby’s. These auctions will be prominently displayed in our real-world collection auction section on Bounce V3. This feature ensures that our users remain informed about the latest world-class auctions, reinforcing our Auction as a Service offering to deliver a comprehensive and immersive auction experience to all our users.
OKX Wallet Integration
Bounce Finance is working on integrating the web extension of OKX wallet, a developer-friendly blockchain wallet that features multi-chain, security, decentralization, and more. with OKX Wallet’s multi-chain connection and automatic network-switching features, Bounce users will be able to seamlessly navigate through different networks. This means that they can participate in auctions and perform transactions across multiple networks, all without the need to open other extension wallets. This integration aligns with Bounce’s goal of providing a streamlined user experience, thus reducing the complexities typically associated with handling multiple wallets for various networks. As we move forward with this integration, we are optimistic about the enhanced user experience and functionality it will bring to our platform.
Mobile Version of Bounce App
Bounce Finance has been developing the mobile version of our app with a targeted launch set for June. Understanding the increasing prevalence of mobile devices in our day-to-day lives, we aim to provide a seamless and convenient experience to our users, enabling them to participate in auctions and perform transactions right from the palm of their hands. This mobile application will embody all the core functionalities of the web version, ensuring uninterrupted access to Bounce Finance’s suite of services.
Fixed-Price and English Auctions for NFTs
Bounce Finance is enthusiastically preparing for the launch of fixed-price and English auctions for NFTs, further expanding our Auction as a Service offerings.
The fixed-price auction will provide a straightforward platform for sellers who prefer to set a static price for their NFTs, offering clarity and simplicity to both sellers and buyers. It operates on a first-come, first-served basis, adding a thrill to the auction experience.
On the other hand, English auctions present a dynamic bidding environment where the market determines the NFT’s value. Starting at a specified amount, participants place increasingly higher bids until the auction concludes, with the highest bid securing the NFT. This format fosters competition, often drawing a broad range of participants and ensuring market-driven asset prices.
Integrating Galxe Passport and Galxe’s Credentials
Bounce Finance is in the process of integrating Galxe Passport and Galxe’s Credentials. Galxe Passport serves as a secure and anonymous universal identity for your Web3 adventures. With this integration, Bounce users will be able to leverage their Galxe Passport across various applications for compliance purposes, streamlining their interactions within the Web3 ecosystem. Each user will receive a unique Galxe Passport Soubound Token in their wallet, distinguishing them as verified individuals. This feature is instrumental in bolstering security on the Bounce platform, aiding in the prevention of Sybil attacks. Additionally, Galxe’s credentials, which are a compilation of activities, reputations, and accomplishments, contribute to shaping a user’s digital identity. The integration of these elements underscores Bounce Finance’s commitment to providing a secure, seamless, and enriched user experience on our platform.
A New Auction Type: Stake for Allocation
Bounce Finance will begin developing a new auction type that offers allocation in proportion to the bid amount. This innovative auction mechanism ensures equitable distribution of assets based on the individual’s bid contribution. For instance, if person A bids $10 and person B bids $50, person B’s allocation will be five times that of person A’s. This proportional allocation model offers an equitable, fair, and transparent way of asset distribution that directly rewards higher contributions. This development is part of Bounce Finance’s commitment to creating a diverse and inclusive auction environment that caters to a variety of user preferences and strategies.
Bounce Finance continues to break new ground with each development on our roadmap. Our steadfast dedication to improving and expanding our offerings is reflective of our Auction as a Service mission. The advent of our real-world collectible auctions, mobile app, new auction formats, and integration with Galxe Passport and OKX Wallet all point to an exciting future for Bounce Finance and its users. As we move forward, we are committed to setting the standard for decentralized auctions and creating an inclusive, user-centric platform that elevates the auction experience to new heights. As usual, we genuinely appreciate our community’s support and feedback. Your voices shape the path of our innovation and drive our mission. Stay tuned for further updates as we continue to drive innovation in the decentralized finance space.
About Bounce Finance
Bounce Finance is a decentralized auction protocol that empowers users to create and participate in diverse types of auctions across multiple blockchain networks. With a strong focus on Auction as a Service, Bounce Finance offers a seamless, transparent, and secure auction experience with a wide range of products, including Token & NFT Auctions, Real-World Collectible Auctions, Ad Space Auction, and SDKs & Plug-Ins. Recently, Bounce Finance has also introduced Private Launchpad services, an on-chain solution designed to streamline IDOs for new projects. Leveraging the transparency and efficiency of on-chain auctions, Bounce Finance is committed to providing comprehensive support and state-of-the-art services to promising projects, facilitating their growth and success.
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