What the token is (and isn't)

BUMP is an ERC-20 token that powers the Bumper protocol, a platform designed to protect cryptocurrency prices and generate yield. The token has a maximum supply of 250,000,000, which is scheduled for release over time.

Where to Buy BUMP Tokens

Currently, BUMP tokens can be purchased on Uniswap and Bitmart. There are plans to list BUMP on other centralized and decentralized exchanges in the future.

Buy BUMP on Uniswap v2

Buy BUMP on Uniswap v3

BUMP Contract Address

The contract addresses for BUMP tokens are Ethereum: 0x785c34312dfa6b74f6f1829f79ade39042222168 Arbitrum: 0xfb930d1a28990820c98144201637c99bea8cb91c

Utility of the BUMP Token

BUMP tokens serve several crucial functions within the Bumper protocol:

  1. Bonding: To open Maker or Taker positions using the Bumper dApp, you need to bond BUMP tokens in your wallet. These tokens are locked for the duration your position is open and are returned when your position is closed.

  2. Governance: BUMP tokens also serve as the governance token for the Bumper protocol. Token holders who stake their BUMP into the DAO can raise or vote on improvement proposals, with voting power determined by the size and duration of their holdings.

Incentives

BUMP tokens may be used as incentives under certain conditions, for example rewarding early adopters and encouraging active participation in the protocol.

What the BUMP Token Isn't

While BUMP tokens are integral to the functioning of the Bumper protocol, they are not a form of currency to be spent within the platform. Instead, they are bonded and returned to the user when their position is closed.

The primary function of BUMP tokens is to facilitate the operation and governance of the Bumper protocol.

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