BAMBOODEFI(BAMBOO) Listing on ChainX

BAMBOODEFI(BAMBOO) will be listed on Feb 28st at 20:00(KST).

Trading Pair : BAMBOO/KRW

About BAMBOODEFI (BAMBOO) : http://www.bamboodefi.com/

Summary

BambooDefi is a decentralized global ecosystem used to exchange, store and “grow” crypto currencies.

It offers a reward program for all its users based on: 

• YieldFarming + Yieldfarming program with temporary blocking
• Staking + Staking program with time lock
• Voting system
• Liquidity pools formed by liquidity providers
• Raindrop and Bamboo Burn Yearly Par (BBYP)

All liquidity (LP) providers are generously rewarded for their contributions to liquidity pools.

Liquidity Pools

BambooDefi liquidity providers are rewarded with a proportional share of the trade rates generated by each pool they provide liquidity to. However, unlike the other DEFIs, liquidity providers will continue to receive a share of the trading rates even after they have withdrawn their liquidity from the pool, as long as the liquidity exceeds the 60 day period. Each trading pair will have a 0.3% fee, this fee will be exchanged to BAMBOO and then distributed to the past and present liquidity providers of each pool.

Of this 0.3%: 

• The 0.06% will be sent to the BAMBOOVAULT, 
• 0.20% will be distributed to active liquidity providers, 
• The 0.04% will be changed to BAMBOO (through BambooDefi) and distributed among the BAMBOO holders.

This system guarantees that the first LPs will continue to obtain long term benefits even after they withdraw their main assets, as long as they keep BAMBOO in the staking portfolio and their contributed liquidity exceeds the estimated maturity period.

BAMBOO holders will have to keep it in the staking system, blocking a minimum of 10.000 BAMBOO to be rewarded by a 0,04% distribution plan. The rewards will be proportional to the amount of BAMBOO stored in the portfolio against the total of the BAMBOO fund in the staking system.

Raindrop

Raindrop is an exciting game and an extra opportunity to win more BAMBOO. It is a lottery system created to control inflation, support BAMBOO prices and reduce total and current supply.

There are two types of lottery: 

• Bamboo Raindrop 
• Bamboo Burn Yearly Party

Bamboo Raindrop

Users can purchase unique numbers for BAMBOO. From these numbers, nine numbers will be chosen at random every 10 days. 90% of the BAMBOO will be distributed equally among the 9 lucky ones. The remaining 10% will be sent to Bamboo Vault for the support and development of the platform.

Bamboo Burn Yearly Party

It is based on the need for users to burn BAMBOO to participate in this annual lottery. The jackpot is accumulated through the liquidity funds in the sum of 10% of the commissions collected by the BambooDefi team. With these commissions BAMBOO will be repurchased through the liquidity pools and sent to the specific portfolio of the annual lottery to be blocked until the lottery date. The lottery takes place between all participating numbers, therefore there is always a winner.

Vision of BambooDefi

Our vision is to create a DeFi exchange platform, which, in addition to providing traders with high liquidity, allows them to trade assets on the platform at the most attractive price. It provides huge and diverse profit opportunities, using various incentive programs aimed at attracting a large number of users to the BambooDefi ecosystem, in order to make the exchange the most stable and convenient for its user.

The future demand for BAMBOO and the price of the token depends on how developed the BambooDefi ecosystem is and how many people use the BambooDefi products.

We are very aware that for the stable development of BambooDefi and the growth of the ecosystem and the number of users, it is necessary to maintain a stable price of the BAMBOO token and to avoid its price to fall. In order to avoid inflation and to assure the 30 control of the emission, we have developed a series of measures that allow to control the number of BAMBOO, regulating the price and trying to avoid the fall of the price.

Our emission policy, together with the system of incentives for our users, are the key elements that ensure the stability of the system.

We strive to become a solid supplier in the DeFi market, as we believe in the perspective of the DeFi industry and its ability to solve existing financial problems and improve the lives of ordinary people. The cryptography industry combines innovation with the best technologies. This is an area where the latest developments and innovative technologies are available. The emergence of DeFi’s projects clearly showed how promising and multifaceted the cryptography industry can be and how many opportunities it offers to people. The rapid growth in the number of users of DeFi projects clearly shows the need for these services and indicates the great potential for development in the DeFi sector.

The BambooDefi platform is based on Blockchain technology. It is reliable and protected against database forgery. The blockchain is also transparent and allows DeFi projects to distribute resources fairly.

Within the portfolio, users can follow the growth of BAMBOO, participate in the provision of liquidity for the liquidity pools, participate in staking and various incentive programs for customers.

In BambooDefi, traders can trade different assets at an attractive price. The DeFi sector allows users to solve various problems that arise in the financial sector, to unite people from all over the world, regardless of their place of residence, citizenship, social and legal status, wealth and education.

This is a great opportunity to make money. We strive not only to be a part of the multi-billion dollar DeFi industry, but also to be a part of it.

ChainX exchange support the deposit and withdrawal of BAMBOODEFI(BAMBOO) (https://chainx.kr/)