BSCBOMB is a hyper-deflationary token that rewards investors for owning tokens & also includes the BuyBack approach currently found in the stock market. BSCBOMB is one of the first cryptocurrencies that use automatic BuyBack.
BSCBOMB – A Proprietary, True Hyper Deflationary Token with an Intellectual Buy-Back MechanismBSCBOMB token holders benefit through static rewards and also through the automatic Buy-Back mechanism built into the contract.
Binance Smart Chain (BSC) is a blockchain network built for running smart contract-based applications. ... The aim of the platform is to enable developers to build decentralized applications (DApps) and help users manage their digital assets cross-chain with low latency and large capacity.
what is BSCBOMB?
BSCBOMB is a hyper-deflationary token that rewards investors for owning tokens & also includes the BuyBack approach currently found in the stock market. BSCBOMB is one of the first cryptocurrencies that use automatic BuyBack.
Why is BuyBack?
If a stock has low value & the potential - to improve it in the future companies often announce share buybacks on the open market. When the Buy-Back function is turned on, the contract automatically buys back and burns tokens after every sell.
Once companies announce buybacks investors have more confidence in buying and holding. In addition - demand increases, which will ultimately lead to an increase in prices.
At BSCBOMB, we decided to apply the concept of buyback to cryptocurrency and make our token more attractive to hold.
How?
BSCBOMB charges a buyback tax 6% on each transaction & accumulates it in the contract. Whenever a sale occurs, a part of the ransom amount is used to automatically purchase tokens from the liquidity pool. These tokens are burned immediately after purchase.
What's so good about that?
There are 3 advantages:
- Increasing value
○ After purchasing tokens from the liquidity pool, a new amount of BNB is added to the pool and the number of tokens decreases, which leads to an increasing of the price.
- Free BNB
○ When these tokens are burned, it is like adding free BNB to the pool as there are no tokens left to sell in the future.
- Trust and reliability
○ Investors can be ruthlessly hesitant & are often intimidated by the bear market.
○ Through automatic buyback, investors will never see more than two sales in a row. (98% cases)
Bonus benefits for holders
● 4% rewards redistributed on every transaction
● Join a trusted network of investors who are confident in the BuyBack contract and understand the growth potential of this vision.
● Once investors see the code is working and the contract is automatically bought after each sale, they will feel more confident investing and holding on to it.
[12:50, 7/31/2021] Afifa: Tax breakdown
➔ 4% rewards to holders
➔ 3% marketing tax
➔ 6% Buy-Back tax
➔ Slippage: 14%
BOMB-LOCK
Decentralized Locker for custom & Liquidity Provider (LP) tokens
Based on the algorithmic money markets system designed to provide fully decentralized lending & borrowing system based on Binance Smart Chain.
Resources:
https://bscbomb.com/
https://twitter.com/bscbomb
https://t.me/bscbomb_bot
https://www.reddit.com/r/BSCBOMB_crypto
https://t.me/bscbomb_group
| Author Bitcointalk ID | Vipersia |
|---|---|
| BTT link | https://bitcointalk.org/index.php?action=profile;u=2349666;sa=summary |
| BEP-20 Wallet | 0xbC58BdB65934b5b4a6bba3D4C395f22FDA77dcE7 |