Review on Bounce Token by Toprak Dere
About Bounce Token
Bounce Token (BOT) is a management token created for liquidity pools and users. The idea to launch and develop Bounce Token was originally inspired by the decentralized cryptocurrency exchange Uniswap. The fact that Uniswap cryptocurrency exchange enables the transition between different liquidity pools, but all of them are based on the Ethereum network, inspired Bounce Token developers.
Bounce targets liquidity transitions not only based on the Ethereum network, but also between different networks and competing platforms. Setting out with the phrase "Swap or Get Bounced", the team gives everyone the opportunity to establish a private liquidity pool. The creator of the pool can determine 4 important parameters. These are: determining the number of swap tokens to be exchanged, determining the maximum amount of ETH to be accepted or swapped, determining the duration of the pool and explaining whether it will have a stable or dynamic price.
When the creator of the liquidity pool determines them and completes the formation, people can come to the pool and use ETH and get the tokens they want. Participants are required to make an ETH transaction that includes the address of the pool.
Pros
- BOT Token stands out as the system's own crypto currency. BOT Token, which has a very limited supply compared to other crypto money projects, also stands out with its innovative method.
- There are four main areas where Bounce Token can be used: transaction mining, management vault, team and investors, staking. Bounce Finance aims to provide a competitive stock market environment to unlock the potential of open finance.
Cons
- the project should be developed and promoted more
