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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 “every day” 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 stable coin 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.