Story of WBOMB

The community have made their voices heard. They wanted BOMB on uniswap, unfortunately Uniswap does not support the burning properties of BOMB. We cherish the deflationary aspect of BOMB so much and we couldn’t compromise that, however we were able to come up with a way BOMB can be on uniswap without creating an entirely new token. We made WBOMB (Wrapped BOMB).

WBOMB & UNISWAP REWARDS PROGRAM

BOMB Token is the world’s first self-destructing currency. It’s a deflationary token which burns 1% of every transaction. There were originally 1,000,000 Bomb in existence of which more than 750,000 were distributed for free to the community. So far over 77,000 (7.7%) tokens have been burned which has been fascinating to witness.

Bomb has entered a new phase with it now being a community driven project. It has abandoned its original purpose of being a “social experiment”, evolving into a more complete financial asset. It has grown to a huge number of members over the last year. Members have been coming up with new and great ideas to bring Bomb to the next level. One of these members, @BenjaminDLea, has been working hard over the last few weeks to contribute to the project.

Enter WBOMB

WBOMB is essentially a wrapped BOMB. This version still maintains the integrity of Bomb by burning 1% and maintaining zero decimals. The only difference is that it doesn’t burn when being sent to Uniswap.

Contract: 0xbBB38bE7c6D954320c0297c06Ab3265a950CDF89 (https://etherscan.io/address/0xbbb38be7c6d954320c0297c06ab3265a950cdf89)

This is achieved by use of a whitelist that allows us to specify non-burn addresses. In the future we will also be able to whitelist other smart contracts, if and when we need that feature.

In the future, it’s planned to produce a series of governance dapps that will ultimately control this whitelist, and hopefully other aspects of the project and community fund via community voting.

BOMB wrapping and unwrapping is now available at:

https://bomb.exchange

UNISWAP REWARDS PROGRAM

Uniswap is a fully decentralized protocol for automated liquidity provision on Ethereum. It empowers developers, liquidity providers and traders to participate in a financial marketplace that is open and accessible to all. Uniswap V2 was just launched and after consideration, we see it as the best choice to use the new version for our liquidity pool.

Read more about all of Uniswap’s new features on: https://uniswap.org/blog/launch-uniswap-v2/

While this is an amazing technology, it still takes many people participating to become beneficial or helpful to the WBOMB Network.

For this reason, we’ve created an incentivized liquidity pool on Uniswap and rewarding you for helping bring it to life. 40,000 BOMB Tokens from the community funds will be used for rewards over the next few years until they run out, currently rewards are already being issued, as you can see at rewards.bomb.exchange

Below is a breakdown of how much rewards you can expect to receive for participating and how to get involved.

Wrap & Staking

You will have to wrap your BOMBs on bomb.exchange. It’s a really easy-to-use interface where you can connect your wallet and then decide on how many BOMBS you want to wrap. First you have to confirm your wallet and then you can wrap your BOMBs. The wrapped WBOMBs will then be automatically sent to your wallet. With these you can add liquidity to the Uniswap pool. Keep in mind that you will need the same amount of ETH to add your WBOMBs to the liquidity pool. This is how Uniswap Liquidity pools work.

Upon adding to the liquidity pool you will receive an amount of UNI-V2 liquidity token that is relative to the size of your liquidity deposit.

Users can then stake this liquidity token using our new and fully automated reward dapp at:

https://rewards.bomb.exchange

Similarly to wrapping, a simple dapp interface allows for selection of stake amount (in terms of UNI-V2) and stake duration (in months) up to the maximum of 12 months.

Real-time information in the dapp shows the current reward base rate and other pool metrics as well as reward multiplier and calculated reward based on user input.

Upon staking, the calculated reward is allocated and locked along with your UNI-V2 liquidity token, for the duration of the stake period. A countdown timer will then indicate the remaining stake period. If you unstake prior to the end of this stake period then you will receive the full amount of your liquidity token back but will FORFEIT ANY REWARD.

Once the stake period has elapsed you will be presented with two options, “Claim Reward and Unstake” or “Claim Reward and Restake”. As you might expect, the former will claim your reward and also release your liquidity token. With the latter option you can enter a number of additional months and the dapp will release your reward, retain your liquidity token, and allocate a new reward based on the provided months and enter you into a new stake position.

To read a detailed step by step guide on using BOMB dApps click here

Summary:

Wrapping : https://bomb.exchange

Token Swap : https://swap.bomb.exchange

Pool : https://pool.bomb.exchange

Reward Pool : https://rewards.bomb.exchange

Liquidity Pool: https://uniswap.info/pair/0xee89ea23c18410f2b57e7abc6eb24cfcde4f49b0

CoinGecko: https://www.coingecko.com/en/coins/bomb

Contract: 0xbBB38bE7c6D954320c0297c06Ab3265a950CDF89 (https://etherscan.io/address/0xbbb38be7c6d954320c0297c06ab3265a950cdf89)

Telegram: https://t.me/bombtoken

WBOMB has been added to Trust Wallet, Uniswap, and Coingecko (under current page)

WBOMB is not a new token or fork of BOMB Token. WBOMB is a wrapped version of BOMB to allow for whitelisting integration with Uniswap, and dapps that are currently being developed.

At any point we do NOT control your funds, you can remove the liquidity, staking, wbomb, at any time.

(*) While we have developed and audited the dapp, smart contract, and all of its features internally, along with rigorous testing: just like Uniswap, WBOMB & Bomb.Exchange are in beta. Use at own risk. (*)