FBOMB
fBomb
$0.01278
2.36%
fBomb
FBOMB
$0.01278
2.36%
fBomb Price Converter
fBomb Information
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About fBomb
fBomb (FBOMB) is a deflationary multi-chain DeFi token that reduces its supply through burning mechanisms while enabling governance, liquidity incentives, and cross-chain transactions. It was launched as part of the MCLB DAO, which restructured the original BOMB token and incorporated it into a governance and liquidity strategy across decentralised exchanges.
fBomb (FBOMB) is a deflationary, multi-chain decentralised finance (DeFi) token initially launched on the Fantom blockchain and later extended to other networks. It incorporates mechanisms designed to reduce its token supply over time, such as a 1% burn on each transaction and a 2% fee for cross-chain bridging, which contributes to further supply reduction. FBOMB is used within the MCLB ecosystem for governance and incentivising liquidity provision, with backing from the MCLB Treasury.
FBOMB operates using a ve(3,3) mechanism, where token holders can lock tokens to gain voting power, influencing emissions across decentralised exchanges (DEXs) on multiple blockchains. This mechanism allows for strategic allocation of liquidity and incentives for liquidity providers.
FBOMB serves several functions within the MCLB ecosystem:
- Deflationary Mechanism: Its supply is reduced through token burns, such as a 1% burn on every transaction and a 2% fee for bridging across chains.
- Governance Participation: FBOMB holders can lock tokens to participate in governance decisions, particularly in directing emissions to liquidity pools on decentralised exchanges.
- Liquidity Incentives: FBOMB is used to incentivise liquidity provision, with liquidity providers potentially receiving rewards. MCLB’s approach includes utilising treasury-owned assets and veNFTs to direct emissions and support liquidity pools across different blockchains.
- Yield Farming: FBOMB offers non-dilutive farming rewards, providing returns to liquidity providers without increasing the token’s supply.
- Cross-Chain Functionality: FBOMB facilitates cross-chain transactions, supported by Layer Zero technology, allowing for interoperability across multiple blockchains, including Ethereum, Fantom, and Binance Smart Chain.
fBomb (FBOMB) originated from the BOMB token, which was launched on 16 March 2021 by an anonymous developer known as "Bob." BOMB gained initial traction within the Fantom community but faced challenges when Bob sold his holdings, leading to a significant price drop. On 25 May 2021, the MCLB DAO took over the project, migrating the BOMB token to fBomb and introducing a new strategic direction. Under the leadership of "FieryDev," the MCLB DAO aimed to revitalise the project and integrate FBOMB into a broader DeFi strategy that includes governance, liquidity provision, and multi-chain operations.
