What is Pocket Bomb (PBOM) | What is Pocket Bomb token | What is PBOM token
The Farming Conundrum
A major issue with farming nowadays is that yield is typically paid out in one specific token. Usually a project token, the farming requires users to stake liquidity tokens in order to accumulate yield. The required liquidity tokens are typically for the yield token’s liquidity pools. This can work rather well for the project and community, but has limitations. There’s also inflation issues, Impermanent Loss, and ultimately, Permanent Loss.
If only there was a way to expand the use case of farming pools and staking mechanisms…
Live footage of a new token listing on Uniswap.
The Project Visibility Problem
DeFi and crypto is an extremely dynamic space. New projects are launched on a daily basis both with fresh ideas or simply full on clones with a little bit of meme magic. However, a big issue with these launches are marketing expenses. Promotional airdrops are one way to help, but with current transaction costs the team might as well add it to liquidity. Twitter marketing is an option as well, but that can lead to unnecessary dumping upon launch. It’s a tired dilemma.
Relevant photo of rockets seemingly being dropped.
Rocket Drop: A New Way to Farm, Distribute, and Grow Projects
The above mentioned problems are simply dealt with as a part of crypto. However, the status quo doesn’t typically last long in our space. That’s why we’ve decided to release Rocket Drop.
Rocket Drop is a farming/vault contract that allows users to stake any ERC-20 token into designated pools and obtain yield. What makes this different from other farming contracts is that it allows the creation of pools that pay out in the same token that is staked. Additionally, it allows the creation of farming pools that distribute yield in any other ERC-20 token, even WETH. This allows us to open farming pools for virtually any token quickly and cheaply, all within the same contract.
The aim is to create a vast array of project collaborations that benefit both our ecosystem and the partner ecosystem. For example, if a project wishes to increase adoption/awareness of their token, we can easily create a pool with a predetermined APY yield paid in the partner’s token. Users would simply stake Rocket Bunny or Corlibri (our sister project) into the farm and collect their yield over time. This creates immediate visibility for the partner’s project and new adopters of their project instantaneously. It also allows a new and unique incentive structure for those involved, including our users.
The sustainability of the above scenario is provided by an optional fee structure with the partner. If decided, the pool may collect a small fee from each participant in the form of ether or the token staked. This fee is then split automatically between the Rocket Drop reward fund and the partner. Not only does this provide the distribution sought out by the partner project, but can also fund immediate liquidity for new projects.
Rocket Drop is an alternative to the typical pre-sale/IEO/ICO structure. It allows a project to obtain liquidity from new users _without _them having to risk funds in a new listing. The risk friction is thus greatly diminished.
TOKENOMICS
$PBOM combines DeFi’s best tokenomics into one.
No presales - No airdrops - No team tokens - No rugs - 100% Fair launch
SHIB × RFI × SAV3 & MORE
Just for buying Rocket Bunny and holding it in your wallet, you will earn passive income that is deposited directly into your wallet via frictionless yield on all transactions of Rocket Bunny. No staking required!
Rocket Bunny combines the most sought after tokenomics across DeFi: automatic liquidity adds, compounding yield, deflationary supply, liquidity provider rewards, and price shock protection.
Rocket Bunny is a deflationary token with a max circulating supply of 777 Quadrillion. Each transaction incurs a 4% tax that is distributed in four equal parts: 1% to holders, 1% burned to The Rabbit’s Hole, 1% locked liquidity, and 1% as a bonus to liquidity providers. As volume increases, the amount burned increases logarithmically, eventually leading to an exponential decrease in supply.
The Rabbit Hole burns do not stop, the holder rewards do not stop, the 2x rewards for liquidity providers do not stop, and the locked liquidity adds do not stop. This means the Rocket Bunny supply will become more scarce, your holdings will continue to increase, particularly if you are a liquidty provider earning 2x rewards, and the price floor for Rocket Bunny will continue to rise.
Token Symbol: $PBOM
Max Supply: 777 Million
Transaction Fee: 4% per transaction
Auto Liquidity Lock: 2% per transaction
LP Bonus; 2x (2.25% total)
Burn Rate: 1%
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How and Where to Buy PBOM ?
PBOM has been listed on a number of crypto exchanges, unlike other main cryptocurrencies, it cannot be directly purchased with fiats money. However, You can still easily buy this coin by first buying Bitcoin, ETH, USDT from any large exchanges and then transfer to the exchange that offers to trade this coin, in this guide article we will walk you through in detail the steps to buy PBOM
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Binance is a popular cryptocurrency exchange which was started in China but then moved their headquarters to the crypto-friendly Island of Malta in the EU. Binance is popular for its crypto to crypto exchange services. Binance exploded onto the scene in the mania of 2017 and has since gone on to become the top crypto exchange in the world.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT)
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step - Transfer your cryptos to an Altcoin Exchange
Since PBOM is an altcoin we need to transfer our coins to an exchange that PBOM can be traded. Below is a list of exchanges that offers to trade PBOM in various market pairs, head to their websites and register for an account.
Once finished you will then need to make a BTC/ETH/USDT deposit to the exchange from Binance depending on the available market pairs. After the deposit is confirmed you may then purchase PBOM from the exchange: PancakeSwap
Apart from the exchange(s) above, there are a few popular crypto exchanges where they have decent daily trading volumes and a huge user base. This will ensure you will be able to sell your coins at any time and the fees will usually be lower. It is suggested that you also register on these exchanges since once PBOM gets listed there it will attract a large amount of trading volumes from the users there, that means you will be having some great trading opportunities!
Top exchanges for token-coin trading. Follow instructions and make unlimited money
☞ https://www.binance.com
☞ https://www.bittrex.com
☞ https://www.poloniex.com
☞ https://www.bitfinex.com
☞ https://www.huobi.com
☞ https://www.mxc.ai
☞ https://www.probit.com
☞ https://www.gate.io
☞ https://www.coinbase.com
Find more information PBOM
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🔺DISCLAIMER: Trading Cryptocurrency is VERY risky. Make sure that you understand these risks if you are a beginner. The Information in the post is my OPINION and not financial advice. You are responsible for what you do with your funds
Learn about Cryptocurrency in this article ☞ What You Should Know Before Investing in Cryptocurrency - For Beginner
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