The native utility token of the Bounce Finance crypto ecosystem is the Bounce token, also called AUCTION. This token is crucial for the functioning of the decentralized auction protocol platform and protocol governance. Each AUCTION token corresponds to one vote for governance proposals. This implies that having more AUCTION tokens grants participants more votes and consequently more power in decision-making. AUCTION is designed to enable “utility provision and value realization” by merging game theory and economic incentives to boost adoption and platform utility.
