Token-Burn Auctions

Bionic DAO offers a unique token-burn auction mechanism for members seeking a guaranteed allocation in a specific Bionic Presale. This process allows members to burn $BCNX tokens to secure a spot in Bionic Presale allocations.

Token-Burn Auction Process:

• Step 1: Place Token Burn Bids. Members specify the amount of $BCNX tokens they are willing to burn as bids for their desired allocation.

• Step 2: Auction Launch. The auction commences on a predetermined date, during which member's bids are compared.

• Step 3: Determine Winners. At the auction's closure, bids are ranked, and the highest token bids win the presale allocation spots.

• Step 4: Token Burning. The $BCNX tokens bid by the winning members are irrevocably burned, permanently reducing the total $BCNX supply.

• Step 5: Allocation Guarantee. Members participating in the token-burning successfully secure their guaranteed allocation in the project.

The token-burn auction ensures that committed members obtain their desired investment opportunities. It also enhances the token's value by reducing supply and aligning incentives between the DAO and its active participants.