The integration of Bounce Finance and Rollux empowers users to seamlessly engage in decentralized auctions on Rollux mainnet through the Bounce App. This collaboration enhances the efficiency and accessibility of decentralized auctions, benefiting from Rollux’s exceptional security, fast processing speed, and cost-effectiveness.

Currently, users can engage in fixed-price auctions for ERC20 and ERC1155 tokens. Bounce’s fixed-price auction is a type of auction where the price for the assets being auctioned is predetermined and agreed upon by the auctioneer and participants. It operates on a first-come, first-serve basis, with the first person to place the bid winning the auction. The assets are automatically swapped at the agreed-upon time, providing a time-contingent and efficient execution of trades.

Furthermore, the collaboration between Bounce Finance and Rollux signifies a commitment to driving innovation in the DeFi landscape. Rollux’s merged mining approach reinforces the relevance of Proof of Work (PoW), complementing Ethereum’s design philosophy, and removing the walls of division that have splintered the industry for too long. The integration invites the Ethereum developer pool and ecosystem to join the Bitcoin ecosystem with the least amount of friction facilitated by Syscoin & Rollux acting as the bridge.

About Bounce:

Bounce Finance is a decentralized auction protocol that empowers users to create and participate in diverse types of auctions on multiple blockchain networks. With a focus on Auction as a Service, Bounce Finance offers a wide range of products, including Token & NFT Auctions, Real-World Collectible Auctions, Ad Space Auction, and SDKs & Plug-Ins. Bounce Finance also provides Private Launchpad services, an on-chain solution designed to streamline IDOs for new projects. Furthermore, Bounce Finance is introducing Real-World Collectibles service, offering a marketplace for projects to sell their own tangible merchandise and luxury items. Bounce’s service includes an in-house manufacturing production line ensuring top-tier quality and seamless shipments.

About Rollux:

Built by SYS Labs, powered by Syscoin, and fueled by its utility token, $SYS. Rollux is an EVM-equivalent optimistic rollup that inherits the security of Bitcoin’s mining network and Syscoin’s Layer 1 finality and data availability. Rollux functions as Syscoin’s Layer 2 to help provide the unprecedented scalability necessary for an exponential increase of potential use cases, and sets the stage for realizing mass adoption. Rollux offers what no one else does: unmitigated security, speed, decentralization, and affordability.

SOURCE:

https://bouncefinance.medium.com/bounce-finance-integrates-rollux-mainnet-empowering-enhanced-security-and-efficiency-in-2f0b9165735a

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This will represents a crucial advancement in our pursuit to provide Auction as a Service, the ultimate decentralized auction experience for our users. Leveraging Fantom’s near-instant transaction speed, minimal fees, and strong security features, Bounce Finance sets a new benchmark in the decentralized auction space. Bounce Finance are excited to embark on this journey together with Fantom and look forward to exploring further possibilities to elevate and expand their platform. As Bounce Finance announced their Integration with Fantom.

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About Bounce Finance

A decentralized auction protocol that empowers users to create and participate in diverse types of auctions across multiple blockchain networks. With a strong focus on Auction as a Service, Bounce Finance offers a seamless, transparent, and secure auction experience with a wide range of products, including Token & NFT Auctions, Real-World Collectible Auctions, Ad Space Auction, and SDKs & Plug-Ins. Recently, Bounce Finance has also introduced Private Launchpad services, an on-chain solution designed to streamline IDOs for new projects. Leveraging the transparency and efficiency of on-chain auctions, Bounce Finance is committed to providing comprehensive support and state-of-the-art services to promising projects, facilitating their growth and success.

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About Fantom

Fantom (FTM) is a smart contract platform for digital assets and DApps designed to overcome the limitations of the previous-generation blockchain networks facing the blockchain “trilemma.” The platform can execute multiple blocks simultaneously using its unique asynchronous byzantine fault tolerance consensus algorithm. FTM is the native utility PoS token of Fantom powering the ecosystem.

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SOURCE: MEDIUM

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Bounce Finance users can now seamlessly participate in decentralized auctions on the zkSync Era network through Bounce Finance’s user-friendly platform. The integration of zkSync Era underlines Bounce Finance’s commitment to addressing the diverse needs within the rapidly expanding digital asset market and providing users with numerous benefits that ensure a seamless and rewarding auction experience. As Bounce Finance announced their Integration with Zksync Era.

Low Gas Fees

A major advantage of integrating zkSync Era is the substantially lower transaction fees. zkSync Era employs a robust ZK technology suite, which encompasses an LLVM-based Solidity compiler, a top-rated GPU prover, and soon, the pioneering Redshift proof system developed by Matter Labs.

Robust Security

Another key feature of zkSync Era is mainnet-equivalent security without reliance on third parties. Among all scaling solutions, ZK Rollups stand out as the most secure. Leveraging the power of mathematical proofs, they completely absorb the security parameters of Layer 1, an essential characteristic when operating in highly competitive environments.

Faster Transaction Speed

zkSync Era pioneers the innovative idea of Hyperchains — autonomous ZK-chains on Ethereum, connected with a network of cost-efficient and fully trustless Hyperbridges. While the throughput of each distinct Hyperchain is determined by the capacity and degree of decentralization of its nodes, collectively, Hyperchains remove any limit on the total throughput achievable within the zkSync Era ecosystem.

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About zkSync

A ZK rollup, trustless protocol that employs cryptographic validity proofs (SNARKs) to offer scalable and cost-efficient transactions on Ethereum. In the zkSync model, computation and the majority of data storage is performed off-chain, while maintaining Ethereum-level security for all transactions.

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About Bounce Finance

A decentralized auction protocol that enables users to create and participate in a diverse array of auctions across numerous blockchain ecosystems.

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Polygon, an Ethereum scaling platform, introduced its zero-knowledge Ethereum Virtual Machine (zkEVM) mainnet beta on March 27. The Polygon zkEVM leverages the advanced capabilities of zero-knowledge proofs to significantly reduce transaction costs and substantially enhance throughput, all while maintaining the robust security inherited from Ethereum.

Some of the benefits Bounce Finance’s support of Polygon zkEVM includes, but not limited to: Privacy Preservation; Faster Transaction Speeds; Lower Costs.

The integration of Polygon zkEVM showcases Bounce Finance’s dedication to adopting next-generation technologies that enhance user experience and promote growth within the decentralized auction space.

With the strength and support of partners like Polygon, Bounce Finance is building a future-ready auction solution ready to meet the evolving needs of its user base.

About Bounce Finance

Bounce (AUCTION) is a blockchain-based auction platform that connects traders without intermediaries. Bounce’s products are available on multiple blockchains for more significant potential and flexibility. As described in the official document, Bounce’s basic idea is based on the reality that resources are finite, creating a competitive atmosphere for swapping.

About Polygon zkEVM

Polygon zkEVM is the first zero-knowledge scaling solution that is fully equivalent to an EVM. All existing smart contracts, developer toolings and wallets work seamlessly. Polygon zkEVM harnesses the power of zero-knowledge proofs in order to reduce transaction costs and massively increase throughput, all while inheriting the security of Ethereum.

SOURCE:

https://bouncefinance.medium.com/bounce-finance-polygon-zkevm-cutting-edge-benefits-for-auction-participants-458d91fd7dd1

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Announcement of Bounce Finance Integration with Gear Protocol. Bounce Finance powers an ecosystem of products for matching economic activities, unlocking the potential of open finance. Bounce effectively utilizes a decentralized financial platform to orchestrate auctions for buyer and seller matching. In addition, Bounce offers a diverse range of products and tools for creating customizable auctions for numerous applications.

They believe this integration enables their vision toward enabling more developers to build using WASM for Web3. Furthermore, by leveraging Gear’s infrastructure, any user will now be able to launch an auction, marketplace or any other application that Bounce finance offers across multiple blockchains for more play, more possibility and more potential.

About Gear

Gear a next-generation WebAssembly smart contract platform based on Substrate. This platform will make it easier than ever for developers to bridge the gap between Web2 and Web3. Gear Protocol offers a “blockchain-as-a-service” platform. It will allow developers to deploy smart contracts into the Dotsama ecosystem in a matter of minutes and for a few pennies. No need to build a separate blockchain or win a parachain slot.

Gear’s unique advantage in the implementation of the Actor model within the Substrate framework. The Actor model enables asynchronous contract execution, persistent memory for immutable programs,and a minimal, intuitive, robust API interface. Persistent memory allows users to drop some of domain-specific features out of the development process, and just write regular programs, speeding up the adoption.

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About Bounce Finance

Bounce a decentralized auction platform, incorporating liquidity mining, decentralized governance and staking mechanisms. The first principle of Bounce is scarcity of resources, which creates a competitive swap environment. The assets can be auctioned off in various ways, such as token sales and NFT auctions. The Bounce web app is available for Ethereum and Binance Smart Chain based assets.

Auction types include fixed swap, sealed-bid, Dutch and English auctions. Bounce also incorporates elements of decentralized finance such as staking mechanisms and liquidity mining. Plus, users can trade assets via the NFT marketplace and benefit from private and public over-the-counter (OTC) trading with automatic execution.

Bounce also provides innovative decentralized crowdloans via the Polkadot ecosystem. Participants can pledge Polkadot parachain bonds for DOT lending, enabling users to earn two streams of passive income. Plus, users can access crowdloan rewards in tandem with staking rewards and unlock liquidity options by claiming parachain bonds. Moreover, Bounce Polkadot slot auctions provide a decentralized alternative to traditional crowdfunding models.

Bounce has recently received investments from well-known institutions such as Coinbase Ventures, Pantera, Hashed, Fundamental Labs, DHVC, Blockchain Capital, and SZN Capital.

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