BOT is the native utility token of the platform and is used for the following:
Liquidity mining: BOT tokens are distributed daily to anyone who successfully submits swap transactions.
Governance: users can stake BOT tokens and participate in governance voting. BOT tokens are rewarded to voters daily.
Transaction fee-sharing: there is a 0.20% transaction fee charged for all token swaps. All collected fees are distributed to BOT token stakers.
In Bounce, a token swap is successful if the accumulated ETH/BNB deposit in a particular swap pool is less or equal to the bounce level, which is the maximum amount of the ETH/BNB allowed to be received. Any additional asset deposited will be bounced off and sent back to the sender’s address.
There are 2 types of pools in the platform:
Fixed ratio swap: the swap ratio between a pool creator’s tokens and ETH/BNB is fixed all the time. A user will receive swapped tokens once his/her deposit gets confirmed. If the accumulated ETH/BNB amount does not reach the bounce level when time runs out, the unswapped tokens will be sent back to the creator of the pool.
Dynamic ratio swap: The swap ratio is based on the number of pool creator's tokens and the amount of ETH/BNB in the pool. If the accumulated ETH/BNB amount does not reach the bounce level when time runs out, all of the pool creator's tokens will be swapped to the accumulated asset in the pool and no tokens will be returned to the creator.
A Decentralized Token Swap Platform on Ethereum and Binance Smart Chain.
Oct 29th, 2020