Question 1

What is Bomb Money (BOMB)?

Accepted Answer

Bomb Money (BOMB) is a cryptocurrency with a diverse range of applications in its ecosystem, including DeFi solutions, an app that combines banking and high-yield crypto investments, and its unique Bomb dApp Protocol for peg maintenance. It's actively traded on decentralized exchanges and has expanded its reach across multiple blockchains.

Question 2

What is Bomb Money (BOMB) used for?

Accepted Answer

Bomb Money (BOMB) serves multiple functions within its ecosystem:

Bomb dApp Protocol: This protocol works through a combination of unique tokens and mechanisms to maintain the peg (10,000 BOMB = 1 Bitcoin), creating a self-reinforcing system​​.
Bomb Token BOMB: As the native token, it powers the BOMB Money ecosystem and the BOMB Chain network​​.
Bomb Mobile Application: This application combines everyday banking simplicity with the high yields found in Decentralized Finance (DeFi)​​.
PegHub Advanced Protocol: PegHub is a DeFi ecosystem designed to provide returns for investors of various experience levels in crypto​​.
Expansion across Blockchains: Bomb Money has expanded to other blockchains like Avalanche and Polygon, offering more choices for investors to earn high yields on blue-chip tokens​​.

Question 3

Who created Bomb Money (BOMB)?

Accepted Answer

Bomb Money was founded by Aaron Shames, who also serves as the CEO of the project​​.

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*Additional info*
Bomb Money is based upon the work of the **tomb.finance** project on the Fantom network. The purpose of the Bomb Money protocol is to provide the means for its underlying BOMB asset to maintain a value that is algorithmically pegged to the value to Bitcoin (BTC) at a 10,000 to 1 ratio.

BOMB is pegged via algorithm to a 10,000:1 ratio to BTC. $100k BTC = $10 BOMB PEG.

Only mintable on BNB Chain in BOMB's [boardroom](https://app.bomb.money/boardroom), all BOMB on BOMB Chain will originate there. To get newly minted BOMB, stake BSHARE in the [boardroom](https://app.bomb.money/boardroom) and/or [deposit BOMB into xBOMB](https://app.bomb.money/xbomb) staking.

***The official Bomb Money ticker is “BOMB” and trades under that name on all the exchanges where it has been listed. The designation “BOMBM” is for CryptoCompare.com only.***