BUMP meaning in Cryptocurrency ?

Answer:

What is Bumper?

Bumper is a DeFi price protection protocol built on Ethereum, created by INDX and Block8, the company that designed and delivered Haven (which independently evolved into Synthetix). Bumper protects the price of crypto assets (ETH at launch) by providing a decentralised software facility for ‘Takers’ of protection to operate diametrically to ‘Makers’ of liquidity. Protected positions incur a floating daily premium, nominally 3% p.a, that is used to incentivise stablecoin depositors into a risk-free liquidity Reserve.

To learn more about this project, check out our deep dive of Bumper.

Bumper’s Native Token is used for;

Protection Takers to pay premiums Protection Makers to receive a yield Incentivise all protocol actors to bootstrap network effects Staking to increase protocol efficiency and robustness Governance token to vote on protocol evolutions

Bumper tools include:

DApp to allow protection Takers to select their protected floor and associated premium DApp to allow protection Makers to receive a yield for being liquidity provider Protocol to balance ratios between Takers and Makers Protocol issuing representative bETH to Takers Protocol issuing representative bUSDC to Makers

How Many Bumper tokens are in circulation?

Total Circulation is 250m Bumper protocol launched its Liquidity Provision mainnet on July 14th 2021 Circulating Supply at IDO 48.18m (19.20%) Circulating Market Cap at IDO: $115.2m (MktCap / TVL < 0.77) Fully Diluted Valuation at IDO: $600m fully diluted estimated 2025 due to daily distribution Bumpernomics: LP & Private/ PreSale/ Public Sale - 8% Institutional Investors - 22% Team & Founders - 25% Protocol Usate - 35% Governance & Early Supporters - 10%

Who Are the Founders of the Bumper Protocol?

Bumper Cofounders are:

Jonathan DeCarteret - Chief Exec - Formerly founder of the UK’s 60th Fastest Growing Company - https://www.linkedin.com/in/jonathan-decarteret/

Gareth Ward - COO - Strong background in Commercial Management and Operations . https://www.linkedin.com/in/garethward/

Samuel Brooks - CTO - Formerly lead architect at Block8, key designer of Havven. https://www.linkedin.com/in/samuelgbrooks/

Jason Suttie - CMO - Formerly founder of digital agency Copper. https://www.linkedin.com/in/jasuttie/

Technology Partner Block8 - https://www.block8.com/. Block8 have taken a 10% equity position into the Bumper TopCo and a major BUMP token holder. Block8 Technologies is Australia's leading blockchain product development studio, founded in 2016, has 45+ people across two countries, delivering Australia's most successful and innovative blockchain ventures including Havven and creating A$300m in enterprise value.

Where Can I Buy Bumper Protocol (BUMP)?

BUMP is available at http://bumper.fi BUMP will be available on DEX, SushiSwap BUMP is in discussion with CEX FTX/ Kucoin/ OKEx

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