PREFACE
The participants in the cryptosystem have been skeptical in the trading of crypto currencies in recent times because of the frequent changes in the prices of the tokens which may lead to loss of funds by investors. These price fluctuations are caused by volatile market conditions and harmful financial policies of various national governments that are aimed at undermining the Defi system. It is clear that the Defi system is taking over the centralised finance system which is controlled by the government, and which they use to exploit the masses.
These frequent changes in prices have discouraged participants in the Defi from keeping their purchased and earned tokens for a long time. Most people dispose of their tokens as soon as they earn it or with little increase in the price. This trend demoralises investors in the system and it is harmful to the development of the Defi system.
The team of BSCBOMB set up the community to control this frequent disposal of tokens in order to build confidence in the system and improve the system. They want to develop a deflationary token buy using the buyback mechanism to encourage investors to hold tokens for a longer time period to allow its value to appreciate before selling it. Management will make findings about some tokens with current low market prices and discover the ones that their prices will appreciate in near future. They will present these tokens to the community and persuade the members to buy these tokens, hold it for sometime and resell them when the price appreciates.
The community is managed by experts that are zealous in the Defi system. It is built on the Binance Smart Chain network which is the greatest network in the system.
GAINS OF BUYBACK PROCESS
If the buyback mechanism succeeds, it will make its participants prosper, because they will gain great income from the process. I will also build confidence in the Defi system and attract more investors.
The process will feature experienced crypto experts who have tested and succeeded in the mechanism. Thus, they have built confidence in the process. Participants will be opportuned to meet these experts and tap from their experiences.
The buyback transactions will attract 6% fee charges, out of which 4% will be distributed to the holders of the community tokens.
After the buyback process, the remaining tokens in the Liquidity pool are few. This makes their value increase exceedingly.
BSCBOMB DCENTRALISED APPLICATIONS
Several DApps will be launched in the community to boost activities and provide its users with diversified investment options to invest and build their finances. Transactions in the apps are built on smart contracts and are devoid of management control. They include:
LaunchBomb
The community management and its users can use this application to carry out public sales of tokens.
Bomb-Lock
This is a Liquidity pool with great features. Staking in the App will be locked with some specific conditions.
Bomb-Swap
This is an exchange platform. Users can exchange their tokens freely on the application without management control. Tokens can also be deposited for farming in the app. Initial Farm Offering programs can also be administered in the application.
NFT Bombs
This is an App designed for trading of NFT arts. Member artists can create and sell NFT arts with the App.
Bomb-Wallet
This is a unique wallet of the BSCBOMB community designed for storing crypto tokens. It can be found on Android and IOS, and designed to interact easily with other crypto wallets.
CashBomb
This is the financial market of the community. It is designed to enable users to enjoy financial services like lending and borrowing.
Project Links: https://bscbomb.com/
https://t.me/bscbomb_bot
https://t.me/bscbomb_group
https://t.me/bscbomb_channel
https://www.reddit.com/r/BSCBOMB_crypto
https://twitter.com/bscbomb
Writer Details:
BTT Username : Onyeagwaojoo
BTT Forum Profile URL: https://bitcointalk.org/index.php?action=profile;u=2890534
Prove of Registeration: https://bitcointalk.org/index.php?topic=5348119.msg57601820#msg57601820
BEP Wallet Address: 0xBa52b9eA68a4c8EF7593FC51CCf6769832acc5b4