Bomb Shares or $BSHARE is the way we represent the value and shareholders trust of the Bomb Protocol and its ability to maintain peg to Bitcoin. During an expansion epoch the Boardroom mints $BOMB which is distributed proportionally to $BSHARE holders who are staked in the Boardroom.
$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 $BTC.
Inspired by tomb.finance, which was originally inspired by the idea behind Basis as well as its predecessors (bDollar and soup), bomb.money is a multi-token protocol which consists of the following three tokens:
-BOMB Shares ($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.