Bounce Protocol is designed to operate swap pools.A pool creator sets the following parameters:The number of tokens he wants to swap offThe maximum amount of ETH he would accept to swapDuration of the poolFixed price swap or dynamic price swapAfter the pool creator creates the pool, people can come and use ETH to auction and get the tokens. A participant needs to send an ETH transaction to the pool’s address within the pool expiration time. A swap is successful if the accumulated ETH deposit in the pool is less or equal to the bounce level, which is the maximum amount of the ETH allowed to be received. Any additional ETH deposit when the accumulated ETH deposit is greater than the maximum ETH amount will be bounced off and sent back to the sender’s addresses. In simple words, there is a limited quantity of swap allocations in each pool and users need to compete with each other to get swap opportunities. When a pool goes live, a user can send ETH to the bounce pool. A transaction will be bounced back to the user if there is no longer allocation in the pool.Bounce Token (BOT) is migrating to Auction (AUCTION). The migration from BOT token to AUCTION token marks a new journey of Bounce decentralized auction and Bounce certified auction. Migrating BOT to AUCTION allows users to participate in both the Bounce decentralized and Bounce certified auctions.The official Bounce Token ticker is “BOT” and trades under that name on all the exchanges where it has been listed. The designation “BOUNCE” is for CryptoCompare.com only.
