It’s been two months since we published our comprehensive strategy outlining how we’ll become the largest & safest crypto staking platform in the world.
Since then, we’ve been consistently delivering at pace and despite challenging market conditions we’ve continued to innovate and create new ways to generate wealth for our investors. We’ve also accelerated the development of our most exciting roadmap items: the BOMB Mobile App and our very own delegated proof of stake blockchain – BOMB Chain. These releases will truly be the tide that lifts all boats given they’ll generate significant inflows to the ecosystem (more on specifically how this supports the ecosystem’s health a little later in this post!). These major developments will put us in prime position for the next bull run where we undoubtedly expect to see the largest retail and institutional inflows in the history of crypto. We expect protocol health to drastically increase, leading to significant uplifts in share prices and overall protocol revenue. Given PHUB, our revenue sharing token, benefits from automated buybacks, we anticipate current prices will be difficult to fathom this time next year (not financial advice!).
During Q3 2022 we achieved the following successes:
- Launched our BOMB Evolution NFTs, providing users the ability to enter all future ecosystem genesis farms.
- Expanded our seigniorage protocol offering to Avalanche through the launch of SnowPegs.com and associated autovaults. Although the launch wasn’t as strong as we’d hoped, this expansion provides more choice for our investors to earn high yields on their bluechip crypto which is critical to our future success. We’re also on track for our expansion to the Polygon blockchain with the launch of PolyPegs on the 24th of October.
- Launched our drastically improved PegHub.com dApp. Users new to the DeFi world can now easily navigate the app and sit back to watch their deposits grow in our autovaults.
- We’ve rebranded, going back to our roots as BOMB Money, with PegHub remaining a core part of our proposition serving more advanced DeFi users. We know BOMB Money is a more appealing brand identity for the segments we’ll primarily be serving. BOMB is professional, distinctive, memorable and easy to pronounce – the critical elements for a strong brand name.
As mentioned, we’ve accelerated the development of the BOMB Mobile App and BOMB Chain, both planned for release in Q4 2022 – 9 months earlier than initially planned. The app will be our signature product, providing an incredibly intuitive way for investors to earn high yields through fixed term staking. Initially, the app will offer staking on BTC but will quickly expand to include other bluechip cryptos.
- The amazing UI and high yields will lead to significant inflows organically, but we’ll also offer a very generous referral programme to really build momentum. Users who successfully onboard friends will be given a $50 staked position and so will their friend (providing they stake a minimum of $100 of their own funds). This is great for individuals and provides incredible incentives for influencers, which we expect huge traction upon launch as this really does have the ability to go viral!
- BOMB Chain’s initial use case will be to power the mobile app, with BOMB Money and a few trusted partners running validators. In the future we plan to launch grants to encourage and enable developers globally to build on BOMB Chain, making BOMB one of the largest names in the Web3 space. With BOMB Chain’s native token being pegged to BTC (at 10,000:1), this in itself will be a huge appeal to many!
How Will These Releases Positively Impact Tokens Across the Ecosystem?
BOMB will be the native token on BOMB Chain used for gas fees and required to be staked by validators who will keep our network secure. BOMB can only be minted on BNB Chain through the boardroom and up to a maximum supply of 250M tokens. When BOMB is bridged to BOMB Chain, it will be held in our bridge contract. For every BOMB token in circulation on BOMB Chain a token will be held in the bridge contract meaning the supply shown on BNB Chain will always be correct.
Remember, because BOMB was initially migrated to bitBOMB the price is incredibly low. With BOMB’s many utilities it will have through the chain’s launch, demand will massively increase. Only around $250K of buys are needed to return it to peg! That’s around a 20x from today’s price which we expect to see once BOMB chain takes off.
Yields for our fixed term staking through the mobile app will be generated through our seigniorage protocols. As we expect huge inflows from app users, we anticipate our peg tokens will return to health and stay there given the majority of liquidity within the farms will come from fixed term staking deposits. Only around $400,000 of buys is needed to return all the tokens in all of our protocols to peg, meaning there’s significant upside potential for those accumulating now.
Once we’re above peg our share tokens will be highly desirable as they can be staked in our boardrooms to earn more peg tokens.
For context, just a $40k buy on bitSHARE would lead to a 20x based on current liquidity! Not only is this great for those who hold share tokens, but because farm rewards are delivered in share tokens, their APRs will massively increase. This then means more investors will want to enter the farms and autovaults!
PHUB benefits from generous allocations of protocol revenue in the form of automated buybacks that are distributed to PHUB stakers. The revenue allocations are denominated in share tokens, so higher share tokens equals higher PHUB buybacks. More PHUB buybacks mean constant buy pressure driving price appreciation. With PHUB’s extremely limited supply, the $10,000 price target (around a 50x from current prices) outlined in our strategy document is beyond achievable.
On a personal note, I’m so excited for the future. Not only is the team we have put together some of the smartest and hardest working people I’ve ever worked with, there is genuinely work going on around the clock to make sure we execute our strategy to the highest possible standard. I know many of you are continuing to accumulate and we’re incredibly grateful for your continued support. Please do continue to spread the word on our plans!