bomb.money is intended to be used as a medium of exchange. The protocol's built-in stability mechanism aims to keep the BOMB's peg at 10,000 BOMB = 1 bitcoin (BTC) over the long term.
About the bomb.money site
The $ BOMB algorithmic token serves as the backbone of a fast-growing ecosystem, focused on providing liquidity and new use cases to the BSC network. The underlying protocol mechanism dynamically adjusts the $ BOMB supply by raising or lowering its price relative to the $ BTC price.
Inspired by tomb.finance, which was originally inspired by Basis as well as its predecessors (bDollar and soup), bomb.money is a multi-token protocol that consists of:
| 1. | bomb.money ($BOMB). |
| 2. | BOMB Shares ($BSHARE). |
| 3. | BOMB Bonds ($BBOND). |
Unlike previous algorithmic tokens, $ BOMB is not tied to a stablecoin - instead, it is tied to $ BTC. BOMB stock (BSHARE) - one way to measure the value of the BOMB protocol and shareholder confidence in its ability to keep the BOMB close to peg. During the expansion of the eras, the protocol mints BOMB and distributes it proportionally to all BSHARE holders who have placed their tokens in the boardroom. BSHARE holders have a say on protocol improvement proposals and future use cases in the BOMB monetary ecosystem. Bonds - unique tokens, used to stabilize the BOMB price around the peg (10,000 BOMB = 1 BTCB) by reducing the circulating BOMB supply if TWAP falls below the peg.
More information about defi app
At the moment, there is no White Paper on the site. Instead, there is an introductory document. With its help, each user can study the features of the site. The RoadMap section marks future updates.
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There are already more than 2000 participants. The smart contract has not been audited.