RAI Finance announced this Thursday, March 4, through its Twitter account, its association with Bounce Finance, a decentralized auction platform. According to the company, $RAI will integrate Bounce’s token sale component to achieve the initial liquidity offering and provide users with a better decentralized trading experience.
“In the future, RAI will integrate Bounce’s Token Sale (Token Sale) component to achieve the initial liquidity offering (IDO, initial DEX offering) and provide users with a better decentralized trading experience,” the company commented through an article on the Medium platform.
The company explained that IDO (DEX Initial Offering) refers to the project’s first token issuance on a decentralized exchange platform. In his view, with the increasing development of the DeFi ecosystem, IDO has become the “preferred way of many new blockchain projects to issue tokens”. Compared to the token issuance model of a centralized platform, IDO has the features of decentralization and price discovery by users.
Keonho Lee, CEO of RAI Finance, stated that “IDO, as a token issuance model currently receiving increasing attention from users in the blockchain community, is also an important part of future product development planning of RAI Finance. This cooperation with Bounce Finance will assist RAI Finance’s IDO sector research and development; the two parties will work together to improve the user transaction experience in the future”.
About Bounce Finance
Bounce.finance is a decentralized NFT auction platform that incorporates liquidity mining, decentralized governance, and participation mechanisms. Bounce’s fundamental principle is the scarcity of resources that allows a competitive trading environment.