TechFlow news: Decentralized auction platform Bounce Finance has announced the upcoming launch of BitStable and its $BSSB token.
The native token of BitStable, $BSSB, will be launched on the Bounce Private Launchpad at 12:00 PM Beijing time on November 29. The total supply will be 21 million $BSSB tokens, with a total fundraising goal of $500,000.
The token launch will consist of two rounds:
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60% will be allocated through a Staking Auction (users stake AUCTION tokens to receive proportional $BSSB allocations);
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40% will be available through a Fixed Price Auction (1 $BSSB = 0.0000233 ETH).
Following the completion of the $BSSB launch, the BSSB protocol will officially go live.
According to reports, BitStable Protocol is a platform that enables anyone to generate the stablecoin DAII using assets from the Bitcoin ecosystem.
