Bomb Money price

BOMB

#6647

Welcome to BOMB.MONEY

Hello Fellow Investors!

$BOMB is an algocoin which is designed to follow the price of BTC. Enjoy high yields normally only found on high risk assets, but with exposure to BTC instead!

The $BOMB algorithmic token serves as the backbone of a rapidly growing ecosystem aimed towards bringing liquidity and new use cases to the BSC network.

The protocol's underlying mechanism dynamically adjusts $BOMB's supply, pushing its price up or down relative to the price of $BTC.

Inspired by tomb.finance, which was originally inspired by the idea behind Basis as well as its predecessors (bDollar and soup), bomb.money is a multi-token protocol which consists of the following three tokens:

-bomb.money ($BOMB).

-BOMB Shares ($BSHARE).

-BOMB Bonds ($BBOND).

What differentiates $BOMB from other algorithmic tokens?

Unlike previous algorithmic tokens, $BOMB is not pegged to a stable coin — it is instead pegged to $BTC.

Because of BTCs high per coin price, we have decided to peg BOMB to BTC at a 10,000:1 ratio. In other words, 10,000 BOMB should equal 1 BTC for our PEG to be maintained.

One of the primary shortcomings of past algorithmic tokens has been a lack of use cases, leaving no good reason for somebody to want to use or hold them. In order to successfully maintain the peg in the long-run, the BOMB team will maintain a focus on innovation around enhanced functionality and use cases.