Introducing Bounce on Binance Smart Chain

First of all, the community support from early users on Bounce has been nothing but incredible. In light of this growth, ​we’ve decided to create Bounce on Binance Smart Chain (BSC) for the following reasons:

  • lower gas fee
  • ​Binance validators provide super-fast transactions for Bounce

I know we just recently announced new token metrics, and this is a lot of change in a short time. I apologize for any possible confusion. Just to make things clear, ​Bounce Ethereum will coexist with BSC. The total supply of BOT stays the same.

Why BSC?

Binance Smart Chain was an easy choice, and not just because of cheaper fees and faster network speed (though they are essential). Binance’s Smart Chain is fully EVM-compatible, so existing integrations like Metamask will continue to work. Therefore, for many Bouncers, the user experiences stay similar.

Ethereum fees were over 200 gwei a few days ago, and while they’ve come down quite a bit, these prices are a pain to both the platform and users. Real fees for transactions on Binance Smart Chain will be around $0.01. This extremely low pricing will attract users who want to participate in auctions with lower amounts to the platform. Less friction from transaction costs will increase interaction in general, which is a good thing for Bounce.

Network congestion is another concern. I fear as more applications are built on Ethereum, users will have to essentially “bribe” miners with higher fees or wait an extremely long confirmation time. This will only be solved with the full launch of Ethereum 2.0. I guess.

Cross-chain Compatibility

Creating a new version of Bounce would’ve been a headache for everyone involved. Thanks to BEP-3, atomic swaps are enabled with Ethereum. Binance Chain and Binance Smart Chain have native cross-chain communication as well.

Interoperability and playing nicely with other chains are things to consider moving forward, and being able to have auctions using BEP tokens plays a large role.

I sincerely hope that in time Ethereum fees will come down, but I want to give the Bounce community another option in the meantime.





An experiment. Decentralized Auction. Swap or get bounced.

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

NFTs — Confused and SoulBound

Crypto Paycheck

“Not Your Average Meme Token”.

A Ape Bull Shiba Inu Beast Wearing purples sunglasses reflecting an image of a beach.

Binary Cat App: Place Your Decentralized Bets, Easily and Quickly!

Defeating the FUD: Charlie Lee selling his Litecoin due to Conflict of Interest

Can You Make Money With Cryptocurrencies?

Bitcoins, image from Shutterstock

Crypto Markets are highly volatile and needs exclusive expertise to trade crypto assets and new…

Otters Universe NFT ⚡

Otters Universe NFT ⚡

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store

An experiment. Decentralized Auction. Swap or get bounced.

More from Medium

Introducing Cauldrons V3

How to take the steps in decentralized finance (DeFi)

Zest Protocol: Multi-faceted advantages over Tomb-forks

Hakka Finance: Monthly Performance Report (March 2022)