RAI Finance and Bounce Finance have reached a partnership to provide users with IDO functions.
RAI Finance, a cross-chain exchange protocol based on the Polkadot network, announced a partnership with Bounce Finance, a decentralized auction platform. 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.
IDO (Initial DEX Offering) refers to the first token issuance of the project on a decentralized exchange platform. With the increasing development of the DeFi ecosystem, IDO has become the preferred way for many new blockchain projects to issue tokens. Compared with the token issuance model of a centralized platform, IDO has the characteristics of decentralization and price discovery by users.
Keonho Lee, CEO of RAI Finance, stated that “IDO, as a token issuance model that is currently receiving more and more attention from users in the blockchain community, is also an important part of RAI Finance’s future product development planning. This cooperation with Bounce Finance will provide assistance for RAI Finance’s IDO sector research and development, the two parties will work together to improve user transaction experience in the future.”
About Bounce Finance
Bounce.finance is a decentralized NFT auction platform that incorporates liquidity mining, decentralized governance and staking mechanisms. The main principle of Bounce is a scarcity of resources that enables a competitive swap environment.