LastChance.Finance

Last Chance is a decentralized auction platformLast Chance is a decentralized auction platform. It’s a new format in cryptocurrency trade. On Last Chance, you set the price of the asset you’re buying, since the sale is an auction at its core. Last Chance challenges exchanges, allowing users to buy assets at a price different from their market value. There are no intermediaries, Last Chance is a decentralized solution that runs on the BSC blockchain.

The setup is completely different from exchange trading. The platform gives you one last chance to buy assets at prices you won’t find on exchanges. The platform has its own token, LCT, which serves as a reward for all auction participants except the winner — the winner claims the lot.The platform has its own token, LCT, which serves as a reward for all auction participants except the winner — the winner claims the lot. The smart contract returns all bids to participants in LCT token form when the auction ends. This way, there’s really nothing to lose.

A smart contract powers the auction site and stores all lots and bids. The smart contract saves rewards participants, including the winner.The smart contract saves rewards participants, including the winner.

Mechanism

Mechanism

Auctions

Auctions

Place a Bid

Place a Bid

The Bidding ProcessThe Bidding Process

The Auction Ends

The Auction Ends

Claim the Prize

Claim the Prize

Staking

Staking

Last Chance is a decentralized auction platform. It’s a new format in cryptocurrency trade. On Last Chance, you set the price of the asset you’re buying, since the sale is an auction at its core. Last Chance challenges exchanges, allowing users to buy assets at a price different from their market value. There are no intermediaries, Last Chance is a decentralized solution that runs on the BSC blockchain.

The setup is completely different from exchange trading. The platform gives you one last chance to buy assets at prices you won’t find on exchanges. The platform has its own token, LCT, which serves as a reward for all auction participants except the winner — the winner claims the lot. The smart contract returns all bids to participants in LCT token form when the auction ends. This way, there’s really nothing to lose.

A smart contract powers the auction site and stores all lots and bids. The smart contract saves rewards participants, including the winner.

Mechanism

Last Chance uses the latest, proven technologies to maximize security. Last Chance’s basic infrastructure was built by integrating time-tested practices with innovative solutions.

Last Chance is a decentralized auction platform based on BSC offering auctions and staking. Its smart contract language is Solidity. Last Chance works with the most used cryptocurrency wallets, such as MetaMask, Binance Chain Wallet, and WalletConnect.

Auctions

Last Chance gives customers one last chance to buy cryptocurrency at a price that drastically differs from its market value. It is almost impossible to buy a desired asset at a price below the market price on decentralized platforms. Last Chance makes the impossible possible through auctions run by smart contracts. Here’s how our auctions work:

Place a Bid

Once you place a bid, the amount will be deducted from your wallet and stored in the smart contract.

The Bidding Process

You can outbid someone else, but not yourself. If someone does outbid you, you can bid even higher (within the auction’s bidding increments). Your wallet is charged only the amount of a bid increment, not the whole amount of a new bid.

The Auction Ends

Each new bid extends the auction five more minutes. The auction ends once the minimum duration expires, plus the added bid-time. The final bid is considered the winner.

Claim the Prize

The winner claims the prize by clicking the “Claim the Prize” button. All other auction participants receive their bids back in LCT token form. The prize remains claimable 48 hours after the auction ends.

Staking

Staking is another option on Last Chance. Since all bids are returned to participants in LCT token form, staking options help incentivize participants to take part in auctions. LCT holders can stake their tokens in liquidity pools and earn rewards in LCT. Liquidity providers are rewarded a portion of transaction fees for in-pool swaps, depending on their share of the pool.