Auto-Staking
Last updated
Last updated
The sBOMB Auto-Staking Protocol (SAP) is a simple and innovative function called Buy-Hold-Earn which makes automatic staking possible.
Buy-Hold-Earn - By simply buying and holding the sBOMB token in your wallet, you earn rebase rewards as interest payments which are deposited directly into the same wallet every 15 minutes.
Using a Positive Rebase formula, sBOMB makes it possible for tokens to be distributed directly proportional to the amount of sBOMB tokens held in your wallet and to the epoch rebase rewards, worth 0.02355% every 15-minute epoch.
This means that the Buy-Hold-Earn function allows sBOMB holders to receive an annual compound interest of 382,945.41% in year one.
SUPERBOMB Insurance Fund (SBIF) - 2% of all trading fees are stored in the SUPERBOMB Insurance Fund to help maintain and back staking rewards through price stability to reduce risk.
Auto sBOMB Token Burn - One of the best features of SUPERBOMB is the automatic token burn system called βThe BOMBfire.β The BOMBfire burns 2% of all sBOMB market sales, and itβs burned in the same individual transaction. The BOMBfire works to prevent circulating supply from getting out of hand and becoming unmanageable.
High Fixed APY - sBOMB pays an incredible rate of 382,945.41% in the first 12 months. After the first 12 months, the interest rate drops over a predefined long term interest cycle period.
Easy and Automatic Staking - The sBOMB token always stays in your wallet. No need for a 3rd party or centralized authority. Buy and hold and automatically receive sBOMB rewards in your wallet every 15 minutes, or 96 times a day.
The interest rebase rate then reduces after the first 12 months: .