Bumper Finance announced last Tuesday, November 30, through its Twitter account, the launch of its public sale from December 9. In addition, he indicated that the registry would open from December 2 and the Hodlers will have the option to buy BUMP at a reduced price and stake them to obtain rewards.
“This is the moment we have all been waiting for: the public sale of BUMP! After highly successful and coveted rounds of token sales, which have raised a combined $17.5 million, BUMP will now go public on December 9! Our registration for the public sale will open on December 2; be sure to save this date, because if you registered correctly, you would have access to BUMP’s public sale price of $1.50 (turns out you can price your peace of mind in the cryptocurrency markets after all)”, he said via an article published on the Medium platform.
According to the company, at the public sale, BUMP hodlers will have the option to buy the token at a reduced price of $1.25 by wagering their shiny new BUMP for 3 months, AND they will receive wagering rewards in addition to this.
The company indicated that they anticipate considerable demand around our public sale – all of our token sales have largely been underwritten in the past; have raised $17.5 million in total, most recently in October when our BUMP pre-sale raised $3.75 million. Sleeping in this event will be like sleeping on someone else’s lambo.
Also read: Coinbase announced acquisition of Unbound Security
In addition to the well-known price protection protocol, the company assured that having BUMP tokens allows it to play a role in the future of Bumper as it moves towards a DAO, giving holders voting rights and a role in the governance of the protocol.
In his view, the BUMP token is necessary to use the protocol’s price protection mechanism, receive rewards from Maker, and to participate in the protocol. BUMP tokens are also used in a “bonding” system when an insured uses the platform, so having a wad of them in your wallet now could mean you can protect more in the future.
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