Description
Bomb.Money is a multi-token algorithm-based stablecoin protocol. Unlike previous algorithmic tokens, $BOMB is not pegged to a stable coin — it is instead pegged to $BTC at a 10,000:1 ratio. In other words, 10,000 BOMB should equal 1 BTC. This means that $BOMB is designed to follow the price of BTC. The holders can enjoy high yields normally only found on high risk assets, but with exposure to BTC instead.To sum it up - it's 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.