Bounce Launchpad will list the Bitcoin L2 project XRGB, which is only open to users who stake AUCTION on BounceBit
Decentralized auction platform Bounce Brand announced the launch of a new IDO mechanism on the X platform. The IDO on Bounce Launchpad for X RGB, a Bitcoin L2 network developed based on the RGB protocol, will only be open to users who pledge AUCTION on Bounce Bit.The IDO for XRGB provides a fixed-price auction pool. The allocation for each IDO participant has a hard upper limit, which is calculated based on the amount of AUCTION pledged by the participant on the Bitcoin pledging chain Bounce Bit. The more AUCTION a user holds, the higher their allocation limit. Users can choose to purchase the entire allocation limit, but are not obligated to use it all. To ensure fair distribution, its smart contract prevents any single participant from claiming the total supply of IDO tokens, ensuring decentralization for all stakeholders.
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