Sui Name Service (SuiNS) enables blockchain users to register human-readable web3 names, ensuring secure, seamless transactions and a user-friendly on-chain identity.

Some people have no trouble remembering new cell phone numbers, and there are even a select few among us who wouldn't find it hard to memorize a 16-digit bank card number. However, very few people would choose to tackle the job of reliably recalling an alphanumeric blockchain address. Network addresses on 

 (ETH) are 42 characters long, while on the 

 (SUI) blockchain they span 66. These complex and length addresses are virtually impossible for most users to remember, and are among the least user-friendly features of 

 networks. Not only are long blockchain addresses distinctly user-unfriendly, but they also lead to many instances of wrongly executed transactions due to incorrectly input characters. 

Sui Name Service (NS), a solution on the Sui blockchain, has been specifically designed to tackle this problem. The service allows users to create human-readable and easy-to-remember web3 names linked to their underlying blockchain addresses. Using SuiNS, you can transact within web3 using your preferred username and, optionally, an avatar, rather than a long, complex blockchain address.

 (NS), or simply SuiNS, is a decentralized naming service that allows you to create and use a human-readable, user-friendly web3 handle to interact with the blockchain environment, instead of using a typical long and complicated network address. 

At the underlying level, your SuiNS name is linked to your blockchain address, but all the interaction and operations on the chain happen via your registered name.

SuiNS was first conceptualized and launched in 2022, inspired by the popular 

 (ENS). In many ways, SuiNS and ENS are similar, the obvious difference being that each one applies to its own respective blockchain environment. In May 2023, SuiNS was introduced on the Sui blockchain's newly launched mainnet. The service was developed and is supported by Mysten Labs, the development studio behind the Sui blockchain project. Since the beginning of the Sui blockchain's conceptualization, SuiNS has been among the core projects of the entire Sui ecosystem. As of late November 2024, SuiNS has managed to achieve the remarkable milestone of having registered nearly 330,000 names.

Using SuiNS, you can register your preferred username (as long as it's not been taken) for one year by paying a registration fee, currently charged in SUI coins. The name can be renewed at expiration for up to five years. All interactions with the blockchain environment through your wallet use your preferred username, rather than your blockchain address.

SuiNS names can be between 3 and 63 characters. Users can check the availability of their preferred handle and register it using the 

, where a lookup textbox is prominently displayed. Shorter names cost more than longer handles. As of the time of this writing (Nov 21, 2024), a three-character-long name costs 500 SUI ($1,785) and a four-character name will cost 100 SUI ($357), while names with five or more characters are priced at 20 SUI ($71.40).

A SuiNS name can only be registered for one year, but it can be renewed for up to four years (excluding the initial registration year). There's a 30-day grace period after the expiration of your SuiNS name, during which you may still renew it. If you don't renew during the grace period, your registered name will be up for grabs by anyone on the market. Optionally, you can buy an NFT avatar linked to your SuiNS name.

 (DApp) ecosystem on the Sui blockchain. Developers can use off-chain remote procedure calls (RPCs) to integrate the Sui service into their application environments. They can also take advantage of the native, on-chain SuiNS SDK to interact with the service.

Thanks to SuiNS, you can enjoy short, comprehensible names for your own address, as well as the addresses of the parties with whom you transact (if they also sign up for the service). No more forgettable string combinations that are hard to read and virtually impossible to remember!

However, a SuiNS name isn't just a tool of convenience. It also represents your decentralized identity on-chain. The identity is fully owned by you, the user, rather than by a centralized entity.

SuiNS minimizes the likelihood of lost assets due to sending funds to the wrong address: short, easy-to-remember names are way less prone to incorrectly executed transactions than standard blockchain addresses.

Security is also among the benefits of SuiNS. The service runs on the Sui chain, which prides itself on developing and enforcing high-grade security standards. Among these are 

, a framework that maintains a list of malicious websites and on-chain assets, thus protecting the Sui ecosystem from 

 launched by these known nefarious entities.

The SuiNS service launched its native token, NS, on Nov 14, 2024. Initially, NS is envisioned to support 

 processes on the platform, and will also be used for purchasing and trading SuiNS names. Currently, names are traded using SUI, the blockchain's native cryptocurrency. It's likely that NS will replace SUI in this capacity in the near future. The project team has also hinted that there could be additional uses for the NS token beyond governance and payment for SuiNS names. More announcements on this issue are likely to follow.

During the initial phase of the token's existence, governance will be its most prominent function. Holders of NS will be able to vote on important issues concerning the protocol's rules and future direction. One NS equals one vote, with more NS tokens giving you a greater say in the overall decision-making process. You can also increase your voting power by locking your NS tokens for from one to 12 months. For every additional month locked, you obtain 10% voting power. To encourage voting, 5% of the NS token's supply has been allocated for governance rewards. NS is a 

 token, with a total and maximum supply set at 500 million. The token's supply distribution shares are per the chart below.

NS is available on Bybit's Spot market as a swap pair with USDT (

). You can also take advantage of Bybit's campaign dedicated to the token to grab a share of the 

. Three campaign events for eligible users run through Nov 27, 2024, 8AM UTC:

Thanks to Sui Name Service, interacting on-chain has become easier and more user-friendly. However, easy-to-remember names aren't the only benefit: advantages also include lower likelihood of lost funds, better security and a completely decentralized, user-owned identity on-chain. So far, around 330,000 names have been registered, and with the impressive suite of benefits, expect this number to grow as we move with SuiNS into 2025.

Intermediate

sui name service (suins).png

Sui Name Service (NS): Your On-Chain Identity Made Simple

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. 

November 2024 has marked a significant milestone for Bitcoin, with its price soaring to $94,105. This unprecedented growth has been driven by global events and heightened social media discussions, with predictions of six-figure valuations. Historically, peaks in social media chatter often precede market corrections, signaling traders to exercise caution. Currently, while whale accumulation remains strong — with wallets holding over 10 Bitcoin adding 53,006 more BTC in just one month — retail traders remain surprisingly cautious. This wary sentiment contrasts sharply with the bullish behavior usually seen during price surges, suggesting a potential correction.

The cryptocurrency market is witnessing an influx of speculative trading, particularly with meme coins like DOGE, PEPE and BONK experiencing extraordinary gains. Despite their volatility, these tokens reflect a broader appetite for high-risk investments. Notably, whale investors holding 1M–100M DOGE are accumulating, while smaller holders are selling, creating conditions for potential breakouts. However, if new capital stops flowing, these speculative assets could face significant downturns. Additionally, while discussions around Bitcoin reaching $100K are increasing, they haven’t reached the levels seen earlier this year, indicating that fear of missing out (FOMO) may not yet be fully realized.

Institutional Interest and Ethereum's Resurgence

Demand for Bitcoin ETFs has surged, with daily trading volumes hitting a record $8.21 billion, signaling increased institutional interest. This activity often coincides with market peaks, but could also indicate new investments flowing into the crypto space. Meanwhile, Ethereum has also gained momentum, breaking above $3,100 for the first time in over 14 weeks. Additionally, whale accumulation is on the rise, suggesting that as Bitcoin leads the market, profits may soon be redirected into Ethereum. In contrast, Solana's price movements remain highly sentiment-driven, with funding rates indicating potential entry points for investors. Overall, altcoins are experiencing growth, particularly following the U.S. elections, which have reignited optimism in the crypto market.

Advanced

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Bitcoin's Resurgence: Analyzing Market Dynamics and Speculative Trends in November 2024

Crypto market makers play a crucial role in providing liquidity by consistently placing buy and sell orders. Learn more about how they work here.

The cryptocurrency market is notorious for its high volatility and sometimes low liquidity, making it a challenging environment for traders and investors. Executing trades can be difficult, often resulting in significant price 

Market making is a strategic approach that provides the necessary liquidity to stabilize markets, ensuring smoother trades and reducing volatility. By creating buy and sell orders around the current market price, market makers help maintain a healthy trading ecosystem. This article examines the fundamentals of market making, its benefits for traders and exchanges and the way it enhances the overall efficiency of the cryptocurrency market.

A crypto market maker is an entity or individual who primarily provides liquidity in cryptocurrency markets by continuously placing buy and sell orders for digital assets. This activity ensures efficient trading and helps maintain stable prices.

Crypto market makers play a key role in keeping markets liquid by continuously placing buy and sell orders on exchanges. Here's a closer look at how they operate.

Key Characteristics of a Crypto Market Maker

Crypto market makers provide liquidity and stabilize prices in the cryptocurrency market. The following are the key traits that enable them to operate effectively.

Market makers continually place buy and sell orders, ensuring the availability of transactions for traders. This constant availability reduces wait times for trades and minimizes the price impact of large orders, making the market more efficient and accessible for everyone.

One of the fundamental roles of market makers is that of managing the bid-ask spread. By consistently quoting competitive prices, they narrow this spread, thereby enhancing trading efficiency and reducing costs for other market participants. This spread is also their primary source of profit.

Market makers leverage advanced algorithms and HFT strategies to analyze market conditions and optimize their order placements. This technology allows them to react swiftly to price changes and maintain a balanced inventory of assets, which helps to manage risk and maximize profitability.

Due to the inherent volatility of cryptocurrency markets, effective risk management is vital for market makers. They employ various techniques, such as hedging and real-time market analysis, to minimize exposure to sudden price swings. This ensures their operations remain stable even in the face of market fluctuations.

By providing continuous liquidity and facilitating smooth trading operations, market makers enhance overall market efficiency. Their presence attracts more traders, which increases transaction volumes, boosts exchange activity and contributes to a healthier trading environment.

Given the quickly evolving nature of the cryptocurrency landscape, market makers must be adaptable, continually refining their strategies in response to new technologies, regulatory changes and shifts in market dynamics. This ensures they remain competitive and relevant.

Crypto market makers play a critical role in the cryptocurrency ecosystem by providing liquidity and stabilizing prices. Despite the integral role they play, however, their operations come with both advantages and disadvantages. 

Additional Importance of a Crypto Market Maker

Crypto market makers play a vital role in maintaining the efficiency and stability of the cryptocurrency market. Their presence on crypto exchanges ensures trading environments operate smoothly. 

Newer and smaller cryptocurrencies often struggle with liquidity. Market makers provide a market for these assets, promoting their growth and creating a more diverse and dynamic crypto ecosystem.

Through continual quoting of prices, market makers aid in fair price discovery, ensuring that cryptocurrency prices reflect actual market demand rather than extreme fluctuations. This promotes a more trustworthy and transparent trading environment that allows traders to make data-backed decisions. 

Crypto market makers are essential players in the cryptocurrency ecosystem, providing liquidity, stabilizing prices and ensuring smooth trade execution. Their use of advanced algorithms and real-time order placements encourages a more efficient, accessible and fair market. However, risks such as market manipulation, potential capital loss and lack of regulation can be problematic. Overall, the role of market makers in supporting emerging assets and maintaining market stability makes them indispensable for a healthy and growing crypto environment.

market maker.png

Crypto Market Maker: Boosting Trades With Strategic Liquidity

SEC Chair Gary Gensler announced he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration.

The S&P 500 rose 0.53% as investors shifted toward cyclical stocks expected to benefit from a strengthening economy, while technology shares lagged. Coindesk Indices, an index measuring broader cryptocurrency market performance was up by 4.79%, with Bitcoin and Ether rising by  4.19% and 8.75%, respectively in the past 24 hours.

Today's top performer is XRP, which surged 24.3% following the partnership between Ripple and MCSocialVenture to boost financial resilience and access in emerging markets.

Ripple (XRP), launched in August 2012, is a blockchain technology company focused on improving international payments with its cryptocurrency, XRP. 

, focused on investing in emerging market entrepreneurs. The initiative will pilot financial resilience and humanitarian solutions built on the XRPL, aiming to advance equitable access to finance.

Check Out the Latest Prices, Charts, and Data of 

 he will resign on January 20, 2025, coinciding with President-elect Donald Trump's inauguration. Gensler, whose term runs until 2026, faced pressure from the crypto lobby due to the SEC’s strict regulatory actions against the industry, including high-profile cases against Coinbase and Binance. Gensler’s departure is seen as a victory for crypto advocates, who hope the next SEC chair will be more crypto-friendly. Trump has hinted at firing Gensler on his first day in office and is expected to appoint a chair with expertise in crypto, such as Mark Uyeda, Hester Peirce, or Chris Giancarlo.

Yesterday, BTC Spot ETF data revealed a net inflow of $396.7 million, driven by $404.5 million from non-GBTC sources, partially offset by a $7.8 million outflow from GBTC..

 for those who participated. To claim, visit 

 using code B0FKOP. Additionally, Morph Zoo Season 2 has launched on mainnet, allowing users to earn points by bridging ETH or executing transactions on Morph. The Bitget Wallet offers a 1.2x multiplier on points to maximize rewards.

Beginner

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SEC Chair Gary Gensler to Resign on Inauguration Day, Marking a Win for Crypto Lobby

Bybit Learn

web3

Bounce is a decentralized auction platform that supports transactions for tokens, NFTs and various other goods and services. Find out more about it here.

Decentralization has been a focal point in the blockchain world for the last several years. It has supported application development, improved how payments are made, enhanced trading activities and more. It can also be used to bid on and transfer digital assets through decentralized auctions. While there are other seemingly similar platforms in use today, Bounce stands apart as a decentralized auction platform with unique capabilities and features.

Bounce’s fully decentralized auction platform uses blockchain technology to ensure more transparent, efficient and accessible auctioning, bidding and buying processes for 

 users. Since its launch in September 2020, Bounce has grown into one of the most popular decentralized auction platforms in the web3 ecosystem, particularly esteemed by buyers and sellers in the decentralized finance (DeFi) and NFT spaces.

Bounce Finance’s decentralized auction protocol is rooted in the principle of scarcity. It offers a competitive space for small-supply virtual assets to be auctioned. Users are able to create their own events for NFTs and token sales. More than that, the platform offers a variety of options for auctioning digital assets to suit various needs. The available types include English and Dutch auctions, sealed-bid auctions and fixed-price auctions. Through the platform, users are also able to benefit from the automatic execution of private or public over-the-counter (OTC) asset trading. 

Bounce uses its token, AUCTION, to complete transactions and for on-chain governance. In addition, the token can be staked to provide users with passive income through rewards, and liquidity mining is also available. Crowd loans are also available via Polkadot parachain bonds.

In 2020, Jack Lu and Chandler Song established Bounce Finance with the goal of providing an improved 

 experience for both tokens and NFTs. Its first two auctioning pool types were fixed-price auctions and dynamic ratio swapping, and this has expanded over the last few years. Through various rounds of funding, the platform has received financial backing from Blockchain Capital, Coinbase Ventures, SNZ Capital, Fundamental Labs and several other notable investors. 

To encourage interest in Bounce, Coinbase established a quiz with a financial reward for those who spent a few minutes learning about the decentralized auction platform. The Bounce metaverse has been enhanced with new features and upgrades since its launch. In fact, a second version was released that changed the format of the decentralized auction listings and brought other improvements to the table. A third version, Bounce V3, was launched in February 2023, introducing several new features and improvements. 

While there are other DeFi swapping platforms, most of them have been designed on the concept of infinite liquidity. Bounce, on the other hand, creates a competitive environment that is based on the scarcity of digital assets such as NFTs and tokens. The Bounce metaverse has been developed to improve the auctioning and trading of digital assets. By allowing users to create their own events and offering several unique types of decentralized auctions, users can more easily connect to interested parties. At the same time, bidders can easily search through active and upcoming events to identify the ones that meet their needs and interests. By doing so, Bounce takes the crypto concept of swapping to a different level.

In addition, the platform utilizes an information layer. Through this layer, users benefit from increased social interaction and have access to more information before making bids and completing trades. This information is provided in the form of data analytics.

To start using Bounce, a user must first connect a 

 and others. A user who has assets to offer must first create an event. Once the new listing is posted, it is published for users to consider. Users choose their preferred auctions and make their bids. Once a winner is selected through 

, the exchange is completed automatically.

 activities are also supported on the Bounce ecosystem. Another aspect of the platform is

 which supports competitive prices with the benefit of no 

Users can also take advantage of a price prediction tool built into the ecosystem. The interface supports price predictions for 

. A user can create a prediction pool and other users can place bets on the accuracy of that prediction. Making bets and receiving rewards are done through the use of AUCTION.

Bounce is a cross-chain platform that functions with Ethereum, BNB Chain and others. As a result, users can easily and quickly swap their native tokens for ETH and a few other tokens. 

An important aspect of the platform's first version was the establishment of governance. Bounce used to be governed by the community via BOT token holders. BOT was the original Bounce native token before the ecosystem migrated to AUCTION in 2021. The Bounce platform's community governance offers token holders the ability to suggest and debate changes as well as to implement them without the requirement of working with the Bounce team. 

In order to participate in governance, a user had to stake BOT tokens. This continues today with AUCTION staking instead. In addition, the original Bounce ecosystem functioned similarly to Ebay. The events for tokens and NFTs were discoverable by users through a list-style display. More than 6,500 auctions were completed through Bounce V1.

Bounce’s second version transitioned away from Ebay-like listings and into a Google-like platform. The list display that was used in Bounce V1 gave way to a search bar on the first page of the listings. Searches can be made using pool details, auction types and token names. Bounce V2 also introduced Bounce OTC as an alternative to auctions. This feature enables users to sell and buy ERC-20 tokens without slippage or limits.

With the launch of Bounce V3 in February 2023, Bounce completely overhauled its approach to auctions to adapt to an evolving web3 landscape. Bounce V3 entered new auction sectors, expanded marketplace offerings and forged new development partnerships. Fairness mechanisms were added to prevent fraudulent activity, and an innovative regret function for fixed swap auctions was introduced, allowing participants to withdraw their bids at any time. One of the most significant features introduced was Auction as a Service (

Bounce's revolutionary Auction as a Service (AaaS) is transforming the auction landscape. This service offers a suite of tools, including user registration and verification, to streamline the creation of digital auctions. Auction hosts can tailor the setup to their needs while benefiting from the security of a decentralized, on-chain system. An upcoming plug-in will allow anyone to host a digital auction on their website with minimal impact on user experience. 

Bounce is committed to fostering fully decentralized, transparent and secure auctions that are user-friendly for both creators and participants. As the web3 ecosystem expands, Bounce is poised to remain a significant player in the asset trading arena.

At its core, Bounce is a decentralized auction protocol that provides users with several distinctive types of auctions. The platform supports a creator economy, so users are able to choose their preferred event type and establish new decentralized auctions. With notable differences between these types, it is important to understand their primary differences in order to fully appreciate the advantages of Bounce.

 are supported on the Bounce ecosystem. They are available for 

 and ERC-20 tokens, and supported assets include tokens, NFTs, real-world collectibles and ad spaces. 

One distinguishing characteristic of this type of event is a fixed price that both the bidder and auctioneer have agreed to. Often, fixed-price auctions are preferred by auctioneers who have a solid idea of the value of their digital assets. Fixed-price auctions are executed automatically, and the exchange of assets between the two parties occurs simultaneously. 

An intriguing aspect of Bounce V3 is the regret feature, granting bidders the flexibility to join or exit the auction anytime during its duration.

, bidders submit bids privately and ahead of the event's scheduled date. Unlike with open bidding, each person can only make one bid. On the event's date, all of the concealed bids are reviewed and the winners are selected via smart contracts. Smart contracts are used to automatically fill the orders from the top down until the assets have all been claimed.

, the winning bid isn't determined by the highest offer. Instead, it's randomly selected, much like a lottery draw. This auction method is often used when the item up for grabs is in high demand, drawing a large number of bidders willing to pay a premium for it.

 setup, potential buyers and sellers place orders directly on the blockchain platform to buy or sell a specific asset. These orders are then paired based on certain criteria. The auction operates within a set time frame. Upon its conclusion, the paired orders are matched and the transactions are recorded on the blockchain, offering a decentralized, transparent and efficient mechanism for trading these assets.

Unlike conventional exchanges, where the order book is overseen by an exchange operator, in an on-chain order book auction the order book is stored on the blockchain and is accessible to everyone. This ensures the auction's transparency and security because all orders and transactions are recorded on the unchangeable blockchain ledger.

 offers a unique twist: Instead of your bid value, it's your performance in a specific game that determines your allocation. This 

 is split into two parts. First, participants battle it out in a game challenge, and then they engage in the token auction. The individual orchestrating the auction handpicks a game and lays out specific rules, such as how many can win, the auction's time frame, the type of currency accepted and the token's conversion value.

Once the playable auction is underway, participants dive into the game. Their success in the game directly correlates with their chances of landing an allocation. By the time the game challenge wraps up, the highest scorers earn the title of winners and gear up to finalize their allocation in the following segment. This innovative method infuses excitement into the auction and ensures a level playing field, promoting transparency.

For projects eyeing initial DEX offerings (

), Bounce Finance's playable auction presents a lively and interactive avenue. The onset of the IDO can be marked by a competitive game, in which participants hustle for a spot on the whitelist, driven by their gaming expertise. The project behind the IDO dictates the auction's span and determines the cream of the crop, for example the standout 50 gamers. This elite field then advances to the subsequent IDO phase, ready to purchase the project's tokens using the designated currency at a pre-decided rate.

Bounce allows individuals to convert their 

, such as watches or bags, into digital assets on a blockchain network. This process is referred to as on-chain real-world asset tokenization. Participants can then set up auctions for their blockchain-based digital replicas of real-world collectibles. These auctions are carried out in a secure and transparent manner, facilitated by smart contracts that autonomously enforce the rules of the auction.

Auction winners can then claim the real-world collectibles by burning the corresponding NFTs, which symbolize the ownership rights to these assets. This mechanism ensures that only the legitimate NFT owner can claim the associated real-world collectible.

Bounce has introduced a novel concept, the Bounce 

, which merges blockchain technology with traditional advertising methods. This mechanism operates in two distinct ways: peer-to-peer (P2P) mode and pool mode.

In P2P mode, sellers directly interact with buyers. The process begins with sellers creating advertising banners on their websites using provided tools, and converting these banners into NFTs. They then initiate an 

, a type of auction in which the price ascends. The sellers determine a reserve price, an acceptable ad format and the duration of the auction. Buyers, on the other hand, assess the website traffic before deciding to bid and upload their content. Once the seller approves the content and format, bidding can commence. Upon completion of the transaction, the buyer's content is displayed on the seller's advertising banners.

In pool mode, sellers create advertising banners and convert them into NFTs, just like in the P2P mode. However, instead of selling directly to buyers, sellers deposit the NFTs into a pool to generate income. These NFTs are then consolidated and auctioned off weekly for the upcoming week's ads. Buyers must prepare their ad content beforehand and submit it for approval to secure a bidding slot. The auction selects the top five to 10 highest bidders, and their content is displayed on the rolling advertising banners.

The seller's mining mechanism operates based on the total amount of money submitted by buyers in a week, multiplied by the website's seven-day traffic.

In on-chain English auctions, a minimum price is set and the auction is launched on a blockchain platform. The price is progressively raised, and the auction concludes at a predetermined time, with the highest bidder at that time claiming the digital asset. All bids are recorded on the blockchain, ensuring transparency and security.

, the auctioneer establishes a ceiling price, which is a starting bid amount. The assets are auctioned off based on this ceiling price, but the price drops incrementally over time. This continues until all of the assets have been allocated to bidders.

Just as tokens can be auctioned through the Bounce ecosystem through several methods, the same goes for NFTs. One of these ways is through 

. Each person who is interested in a rare NFT up for auction can submit one bid, and that bid is hidden until the event's scheduled date. When the date arrives, smart contracts are used to determine the winner or winners.

 requires the auctioneer to initially establish a reserve price. The price may be as low as zero. The reserve price is the minimum price that the item being auctioned can sell for. After a bidder has submitted a bid for the reserve price, the auctioneer can request higher bids. Often, the increment amount of each price increase is established upfront. There is no time limit for an NFT English auction. The event ends when no bidders are interested in paying a higher price than the top bid.

 also have an established minimum price for the item being auctioned. However, rather than the price increasing as bids come in, the price in NFT Dutch auctions decreases incrementally. The event ends once a bidder is willing to pay the current price.

Another option supported on the platform is an 

. NFT lottery auctions start with the sale of tickets at a fixed price determined by the pool creator. Users must purchase lottery tickets with AUCTION. Those who purchase lottery tickets are entered into the contest for a chance to win NFTs offered by the auctioneer. A smart contract randomly determines the winning lottery ticket and transfers the auctioned NFT to the winner. The pool creator then claims the amount paid by the winner for the lottery ticket. Those who did not win the lottery can recoup the cost of their lottery tickets by simply claiming their principal amount back from the pool.

Bounce Recruitment (Previously Known as Metalents)

One of the newer features of Bounce Finance is 

. This is a freelance marketplace in the crypto space that functions similarly to Etsy, Fiverr and Upwork. Currently, Bounce Recruitment is used by crypto companies to identify and hire skilled talent with relevant experience. It is also used as a platform for those companies to spend their on-chain assets. Compared to other freelancer platforms, Bounce Recruitment doesn’t have extensive KYC restrictions and has lower fees, both of which lower the barrier to entry for those looking to explore a wide talent pool of freelancers with extensive knowledge of the web3 infrastructure and ecosystem.

 in its V3 upgrade. This system allows users to sign up in a traditional manner, such as with an email address and phone number. However, decentralized access is also provided. Users can opt to register as an individual, a company or an institutional investor before building their Bounce profile. Each of these user types comes with its unique benefits and account features, all equipped with social login features and an email address. 

Post the V3 upgrade, users can now update their Bounce profile with details about their professional experience, education, investments and more. Users have the option to select from several available profile themes. Unlike LinkedIn profiles, Bounce profiles are interactive. Company profiles can also be enriched with details about its team members, fundraising activities, job openings, and other pertinent details. As a Bounce profile becomes more detailed, it opens up more opportunities for the user.

 feature. This type of investment involves a group of individuals pooling their resources together, with the group spearheaded by a syndicate lead who is responsible for sourcing and vetting investment opportunities. The lead also oversees the syndicate's investment portfolio. Syndicate members can decide whether or not to participate in specific investment opportunities.

Since Bounce was founded in 2020, the platform has focused on enhancing its auctions and Bounce Recruitment. One of the most anticipated milestones Bounce is currently working on is its 

. The auction is scheduled to launch in August 2023. 

 for web3 projects to create their own brand stores on Bounce, and to put tangible collectibles up for sale. Bounce will also be working on enhancing its AaaS protocol to streamline token launches for crypto projects. 

AUCTION is the native token for the Bounce ecosystem. This ERC-20 token is 

 for trading and auctioning transactions on the platform, and it also provides governance rights to those who hold the token. Those who hold more tokens have more voting power. In addition, users can stake their AUCTION tokens to promote their activities and increase their visibility, as well as earn rewards from the protocol fees generated. There will be more utilities of the AUCTION token as more features are added to the ecosystem in the future.

The max token supply is hard capped at 10 million tokens, and 6.5 million tokens are in circulation. The current total supply is at 7.64 million. 

As of Aug 8, 2023, the price of AUCTION is $5.10. The launch price was close to $25.50, and reached its peak of $70.44 on Apr 12, 2021. While the current price of AUCTION is well under its historic high, indicators reveal the possibility of a progressive price increase over the next decade. DigitalCoinPrice predicts AUCTION's price to be $11.98 

, increasing to $19.82 in 2025 and $24.86 in 2027. The price may continue to rise to $56.29 in 2030 and $106.29 by 2032.

Interested in trading AUCTION tokens? Look no further, as Bybit now offers AUCTIONUSDT Perpetual Contracts for trading. To get started, you need to first 

, fund it with cryptocurrency and navigate to the 

AUCTION’s value has dropped by roughly $65 from its high. While this may give some cryptocurrency investors a reason to pause, the token has considerable potential as an investment. As the native token of the Bounce ecosystem, it is used for auctioning as well as to execute trades, purchases and sales. In addition, staking rewards are paid in AUCTION. The token can easily be swapped for ETH, which enhances its utility. As the Bounce platform further develops, user activity is expected to grow. Bounce has progressively been updated since its debut only a few years ago, and many notable platform updates are planned for the future.

While the daily fluctuations of any cryptocurrency can be extreme at times, the long-term expectation is that AUCTION’s value will increase. In fact, some experts predict that the token value may increase by more than $100 by the end of 2032. Because of this, AUCTION may be more suitable as a long-term investment opportunity. Of course, with all that said, it is still imperative for you to do your own research before investing in any cryptocurrency.

Bounce Finance has revolutionized the decentralized auction space. Its innovative approach to auctions, combined with its dedication to transparency and decentralization, has made it a favorite among crypto enthusiasts. With features introduced in the Bounce V3 upgrade, the platform has further enhanced its offerings, solidifying its position as a leader in the DeFi space.

Bounce (AUCTION): A Web3 Auction Platform

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