BOMB Money Mobile DeFi Launched on BNB App Sidechain by Ankr

BOMB Chain Built With Ankr AppChains

Cryptocurrency staking and Decentralized Finance (DeFi) platform BOMB Money has launched an Android mobile app on their own BOMB Chain, a BNB Application Sidechain built with Ankr AppChains.

Ankr Protocol announced the development in a Tweet and blog post on Wednesday, January 11.

BOMB Money is built off a fork of Tomb Finance on Fantom, but pegging its algorithmic BOMB token to the price of Bitcoin. The new BOMB mobile app is powered by BOMB Chain, a custom-built delegated proof-of-stake blockchain.

“We were blown away by how much easier it was to build our vision of BOMB Money with Ankr’s solutions. On our own BAS chain, we have drastically improved our ability to scale. With other infra tools like Advanced APIs making things work seamlessly in the background, we’ve been able to focus on perfecting the user experience and app integration,” BOMB Money CEO Aaron Shames said in the Ankr blog post.

What is Ankr Protocol:

Ankr is a decentralized Web3 infrastructure for a better Web3 world.  The protocol provides the most powerful multi-chain toolkit to access blockchain infrastructure, earn yields, and integrate DeFi solutions.

Where to find Ankr Protocol:

Website | Twitter | Telegram

What is Bomb Money:

Bomb Money (BOMB) is a one-of-a-kind BNB Chain token with its value pegged to Bitcoin (BTC). As the price of Bitcoin fluctuates, BOMB's proprietary protocol either creates new tokens or removes them from the total supply in an attempt to match the price of Bitcoin. 10,000 BOMB tokens should ideally be worth roughly one BTC, though this isn't always the case.

Users benefit from Binance's faster transaction speeds because BOMB is built on the Binance chain. Binance tokens can handle 100 transactions per second, whereas BTC can only handle about five.

BOMB users can also earn passive income by using their auto compounding vaults. These vaults look like traditional staking platforms. By staking LP tokens in these vaults, BOMB's liquidity providers can earn the same LP tokens that they are staking.

Learn more about Bomb Money:

Twitter |  Website | Dapp | Medium | Discord | Telegram | Youtube