It’s been an unbelievable year for BOMB Money and the entire crypto industry. There have been many highlights and unfortunately some monumental setbacks (looking at you, FTX), but through it all BOMB Money has thrived and is set for an incredible 2023!
Let’s take a quick look at everything we accomplished in 2022
After being the original Tomb fork, we had tens of thousands of protocols then forking BOMB Money as Tomb Finance made their code private. Almost all of these protocols have either folded or are on a direct path to failure as a result of being unable to pivot to adapt to current market conditions and provide utility for their tokens. BOMB Money, the original innovator, has spent the year preparing for a massive 2023 as we have pivoted the original use case of our token into being the native token for a Layer-1 blockchain being custom built in cooperation with Ankr!
In addition to launching bitBOMB and CZpegs on BNB Chain to provide investors more choices of blue chip tokens to earn high yields on, we have also expanded to both the Avalanche blockchain with SnowPegs and the Polygon blockchain with PolyPegs. With all of these protocols having launched during one of the worst bear markets in crypto history, they may not be performing as well as we would expect. However, the BOMB Mobile App is launching in exactly two weeks and this should help all of our protocols greatly. Initially the mobile app, which provides users with one-click Web3 wallet creation and both fiat and crypto on-ramp, will support Bitcoin staking. Funds from the mobile app will be used within our entire ecosystem (initially bitBOMB) to help bring all protocols back to peg. Shortly after launch, we will expand our offerings to more blue-chip cryptos to also feed our other protocols. This is why even though the launches of SnowPegs and PolyPegs may not have been as successful as we would like, mostly due to the abysmal market conditions, it’s vital that we have these running in order to provide the offering to our mobile app users in the near future!
Of course, none of this would be possible without the incredible team we have put together this year! I can’t stress enough how amazing this team is. Having people in place that are experts in their fields and that are able to fill in the weaknesses I have has been monumental for BOMB Money’s success. A huge thanks to the entire BOMB Money team, and I can’t wait to continue to expand in 2023 – something that will absolutely be necessary with everything we have planned.
A look at 2023 and what’s to come
We keep saying that 2023 will be the year of BOMB Money and I couldn’t be more excited and surer of anything! The partnership we continue to develop with Ankr is proving to be more and more beneficial. What’s most promising is that Ankr themselves are excited about BOMB Money and are going to help us promote and grow throughout the entire year. There is so much opportunity with BOMB Chain as not only will it power the BOMB Mobile App, but we have plans to build so many different apps on the chain while also incentivizing builders with grants to develop their own unique apps. We also have some ambitious plans down the road for some really unique products (my personal fave is our Metaverse play) that I can’t wait to start working on – and hiring more devs for – once the app has launched. With BOMB as its native token, BOMB Chain will require so much BOMB just for the gas to cover all of these transactions and apps being built, deployed, and interacted with all year. It’s important to note that the only way to generate more BOMB to satisfy the increased demand is for BOMB to be over peg on BSC so that we can print more and bridge it over to BOMB Chain.
This is why I truly believe BOMB will be over peg shortly after the BOMB Chain launch as more and more use cases are built onto it. This is also the perfect time to take advantage of the 1.5x BOMB Lock Bonus – Not only will you get a guaranteed 50% more BOMB after the 90 days lock, redeemable on BOMB Chain, you’ll also be getting BOMB while it’s still below peg – it’s like double dipping discounted BOMB with bonus BOMB!
As you can see, I’m extremely bullish for 2023 regardless of the crypto market conditions. A bull run in 2023 would be a welcome bonus but we never assume anything and that’s why we’re building BOMB Chain in a way that it will succeed in any conditions.
To finish up the year, I want to send a sincere thank you to everyone that’s stuck around through one of the toughest crypto winters in history. I can’t wait to reward your loyalty with BOMB over peg, continuous printing of new BOMB, BSHARE skyrocketing as it’s required to print BOMB, with all of our protocols printing and continuing to offer high yields. And of course this will all contribute to PHUB buybacks taking off and the token working its way to the insane heights we know it’s capable of with a healthy ecosystem!
I hope you all had a great holiday season and have an amazing new year. We’ll see you in 2023!
Bullish BOMB Dev,