Exploring BPROmax tokenomics

BPROmax is a very interesting token. It has leverage over BPRO, which in turn has leverage over Bitcoin. 

BPROmax is not distinctive just for the above characteristic but also brings several benefits for the Flipmoney liquidity providers.

Let’s explore BPROmax features in detail.

• Leverage
• Passive Income
• Contribution to the protocol
• Liquidity Mining Program

Leverage

In the Flipmoney model, one of the main differentiators against other stablecoin projects is that whoever mints the stablecoin is NOT who provides the collateral. This means that if you want a local currency stablecoin, you just mint it with BPRO tokens. As you give a volatile asset like BPRO to receive a stablecoin, the volatility is absorbed by the BPROmax, the token that liquidity providers receive. This stabilization is what generates the leverage for BPROmax.

Passive Income

BPROmax receives 20% of every protocol transaction fee increasing the token technical value. The protocol earns a fee for every transaction (mint and redeem). This fee goes, 80% to the Flip and 20% to BPROmax.

Contribution to the protocol

BPROmax contributes to the Flipmoney protocol. 1% of the total liquidity in BPROmax annually goes to the Flip token. This ensures a consistent flow of liquidity while adjusting proportionally every week to accommodate market dynamics.

BPROmax Liquidity Mining Program

The BPROmax Liquidity Mining Program will begin 10 days after the TGE (Token Generation Event). This program assigns 10% of the total amount of Flip tokens (21,000,000) with a 3% monthly (every 30 days) distribution of the remaining amount.

This means that, in the first 30 days, the program will distribute proportionally among BPROmax holders 3% of 21,000,000 = 630,000 Flip tokens. In the second 30 days, it will distribute 3% of the remaining (20,370,000) = 611,100, and so on. 

The earlier you hold BPROmax, the more Flip tokens you receive.

All these benefits make BPROmax early adoption a great deal to consider, besides being a liquidity provider, it helps other users to mint their local currency stablecoin.