Bounce Progress Update 2022 #01
Happy New Year, everyone! We’d like to kick off 2022 with some exciting updates from the Bounce team, sharing progress with the project and what you can expect from us in the short term!
The auction “Fixed Swap” function has been completed, and the pre-launch test is now being carried out. We expect to launch it to production this week once our testing is completed!
Next up, an update on our Liquidity Bootstrapping Pools functionality. You can read more about what exactly LBP’s are here. Our use-case in Bounce is that by utilising liquidity pools and setting up a two-token pool with a project and a collateral token we can launch a token with low capital requirements. This creates more accurate price-discovery and also will effectively reduce the influx of people into buying due to fear of missing out (FOMO). As a result, token prices are less likely to rise out of control and no need to worry about being traded ahead of time by bots!
We have made great progress here: the contract is ready, the interface and the front-end is currently being engineered. For our initial release we will focus on supporting the Ethereum chain, with others to follow soon after. This is how it currently looks:
Freelancer is a platform where users can trade digital services with one another. Of course, these services are Blockchain/Metaverse related (eg, graphic design categories: website, posters, meta universe, 3D Modelling, building, land) so that the work produced is digital content therefore can be delivered through NFTs.
The news here is that we have completed the functional planning of the product and now we have progressed to designing the UX (user experience) and the UI (user interface). Here’s some work-in-progress of the interface we are considering:
Until next time…
Well that’s our update — we think you’ll agree, 2022 will be a very exciting year for Bounce, as many of our visions become a reality! Stay tuned for more, and in the meantime be sure to keep an eye on all our social media channels!