Introducing Bounce Mutant English Auction: Combining Auction Dynamics With Yield Generation To Ensure Everyone Benefits

Imagine an auction where success isn’t exclusive to the winner and auctioneer, but where ALL participants share the rewards. Bounce Finance is thrilled to present the Mutant English Auction, a revolutionary fusion of traditional auction dynamics with the progressive concepts of Decentralized Finance (DeFi).

Mutant English Auction: A Paradigm Shift in Auction Dynamics

In a traditional English auction, prospective buyers engage in an escalating public bidding war, starting from a base price, until the highest bidder emerges victorious, leaving others empty-handed. The essence of competition lies in the winner-takes-all dynamic.

Bounce Finance challenges convention with the Mutant English Auction by introducing a groundbreaking twist. In this innovative approach, both the auctioneer and the preceding bidder stand to benefit from a higher bid, diverging from the norm where only the ultimate victor reaps rewards. This shift in dynamics has profound implications — it eradicates the deterrent of “entry deterrence” in game theory. Participants are more assured of a return on their engagement, even if they eventually tap out or if they’re not interested in the items being auctioned. No more walking away empty-handed — this is the dawn of a new era of inclusive auctioning, fostering a vibrant auction environment with rewarding auction experience.

The Mathematical Framework Behind Mutant English Auction

At the core of this revolutionary concept lies an elegant mathematical model, as explained in Bounce’s research paper. In simple terms:

• Every successive bid must exceed the previous bid by a fixed rate (e.g., 3% higher each time).
• The difference between successive bids is the price appreciation (e.g., from $100 to $103, the price appreciation is $3).
• The price appreciation is shared between the auctioneer and the preceding bidder, each with their agreed-upon proportion. For example, if it’s predetermined that the price appreciation will be split equally between the auctioneer and the preceding bidder, then in the case where the first bid is $100 and the second bid is $103, the auctioneer and the first bidder will each earn $1.5 when the second bid is placed.

Expanding Horizons: The Versatility of the Mutant English Auction

The Mutant English Auction marks a significant stride in Bounce Finance’s mission to empower creators with versatile auction formats. Whether it’s boosting participation, ensuring fairness, or optimizing returns, this innovation caters to diverse objectives.

Beyond auction halls, the Mutant English Auction holds boundless potential across various sectors. It introduces an exciting dimension to trading digital and real-world assets, sparking a new era of possibilities.

Revolutionizing Luxury: The Mutant English Auction Meets the Diamond Hand Necklace

Excitement peaks as Bounce Finance applies the Mutant English Auction mechanism to our highly anticipated Diamond Hand Necklace auction, scheduled to launch on August 25th, 2PM UTC. Not only can you bid and win the 19.82-carats diamond necklace with an 18k white gold chain along with its exclusive NFT, but you can also make profits just by placing bids. Get ready for a thrilling auction experience like never before!

About Bounce:

Bounce Finance is a decentralized auction protocol that empowers users to create and participate in diverse types of auctions on multiple blockchain networks. With a focus on Auction as a Service, Bounce Finance offers a wide range of products, including Token & NFT Auctions, Real-World Collectible Auctions, Ad Space Auction, and SDKs & Plug-Ins. Bounce Finance also provides Private Launchpad services, an on-chain solution designed to streamline IDOs for new projects. Furthermore, Bounce Finance is introducing Real-World Collectibles service, offering a marketplace for projects to sell their own tangible merchandise and luxury items. Bounce’s service includes an in-house manufacturing production line ensuring top-tier quality and seamless shipments.

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