Tokens
Last updated
Last updated
Contract:
The BOMB token is designed to be used as a medium of exchange. The built-in stability mechanisms within the protocol aim to maintain BOMB's peg of 1,000,000 BOMB = 1 Bitcoin (BTC) in the long run.
Note that BOMB actively pegs via an algorithm, but that does not mean it will be valued at 10,000 BOMB to 1 BTC at all times as it is not collateralized. BOMB is not to be confused for a crypto or fiat-backed stablecoin.
xBOMB is the governance token of BOMB Protocol. It can be obtained by staking BOMB.
Contract: 0x0DF73831C00B157bB0FeD3c06eB475F201B64a78
B2SHARE has a maximum total supply of 70,001 tokens distributed as follows:
Treasury/DAO Allocation: 5,500 B2SHARE vested linearly 12 months*
Team Allocation: 5,000 B2SHARE vested linearly over 12 months
Rewards: 15,000 B2SHARE are allocated for incentivizing liquidity providers in two farming pools for 6 months
Bonding / Future farms: 50,000 B2SHARE have been allocated to our protocol gnosis safe for covering LP bonding purchases and future farms.
The Bomb Money team will use the treasury funds in any way that they feel is best for the long-term success of the protocol.
The main purpose of BOMB Bonds (BBOND) is to help incentivize fluctuations in the BOMB supply during epoch contraction periods. When the TWAP (time-weighted average price) of BOMB falls below 10,000 to 1 BTC, BBONDs are issued and can be bought with BOMB at the current price. Exchanging BOMB for BBOND burns BOMB tokens, taking them out of circulation (deflation) and helps to get the price back up to peg. These BBOND can be redeemed for BOMB when the price is above peg in the future, plus a premium based on how high above peg we currently are. This conversely creates inflation and subsequent sell pressure for BOMB when it is above peg, helping to push it back toward 10,000 BOMB to 1 BTC ratio.
All BBOND holders will be able to redeem their BBOND for BOMB tokens as long as the treasury has a positive BOMB balance, which typically happens when the protocol is in epoch expansion periods.
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Learn more about xBOMB on the .
BOMB Shares (B2SHARE) are one of the ways to measure the value of the Bomb Money Protocol and shareholder trust in its ability to consistently maintain BOMB close to peg. During epoch expansions the protocol mints BOMB and distributes it proportionally to all B2SHARE holders who have staked their tokens in the .
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