Bumper Finance’s Public Token Sale Gives Users a Solution to Crypto Price Volatility
December 03 2021 - 12:37PM
NEWSBTC
Registration for the BUMP Public Token Sale opened on December 2nd
Although Wall St has long been invested in the cryptocurrency
markets, the two are still very different when it comes to market
volatility; the wild price swings of crypto assets are enough to
chill even the most successful Forex trading professionals to the
bone. As the blockchain and crypto industries continue to balloon
in both innovation and valuation, protection from untamed price
action is still largely unavailable for most, and has no doubt
impacted the world’s view on the market as a whole. In recent
years, various advances have been made in the areas of
cryptocurrency options and automated trading, but these products
are often complex and expensive meaning they are out of reach for
most “everyday” traders and investors. Bumper Finance looks to fill
a gap in the market with the introduction of a price protection
protocol, one that benefits both the user purchasing price
protection at a premium and those providing stablecoins into the
protocol’s liquidity reserve. The BUMP Public Token Sale With over
$17.5 million already invested in Bumper Finance’s mission, the
BUMP Pre-Sale was heavily subscribed and the Bumper team also
declined over $32 million in institutional investment in order to
give more investment opportunities to their community. The Bumper
team opened registrations to the public on December 2nd and
encourages them to become a central part of the Bumper ecosystem,
which will in the future adopt a DAO structure, and enable the BUMP
token holders to vote for changes to the protocol, utilize its core
protection function and act as a critical element to the balancing
mechanisms. Token holders will also be able to stake their tokens
in the protocol as a core module and in return for generous
rewards. The Bumper Finance Public Token Sale begins on December
9th, 2021, with the price for BUMP tokens set at $1.50 but is
reduced to $1.25 for buyers willing to stake their tokens for 3
months; with the popularity of previous BUMP token sales, the team
is expecting high levels of involvement and direct would-be buyers
to discover more information on the project website to ensure they
get a spot in the sale. Turning On Crypto “God Mode” Bumper Finance
introduces “God Mode” into the crypto and DeFi markets, giving
users the opportunity to minimize losses on downwards price action,
and also enabling them to ride the wave back up should their assets
recover after a drop in price. This type of functionality is yet to
be seen within a protocol and presents significant upside potential
for participants holding BUMP tokens, which must be held by the
user as an access token that is bonded to the protocol in order to
take out a position. Holding BUMP tokens allows users to lock in a
price floor for their assets, hedging against volatility for a
small premium and giving them peace of mind that they will receive
a particular stablecoin amount for their assets should the price
decrease, without them being forced to leave their assets on a
centralized exchange in the hopes they will find an exit to
minimize their loss. The user can also then freely utilize those
assets to take out a DeFi loan or to farm with. The crypto
‘Power-Up’ functionality within Bumper also exposes token holders
to rewards from fees earned by Liquidity Providers providing
stablecoin liquidity to the protocol. The Bumper Public Sale starts
on December 9th. Follow the Bumper Twitter for updates and visit
the project’s Medium page for detailed sale information.
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