In a bid to accelerate the profit-sharing model, Boomerang has made an advancement by introducing BMR|SPIS under the principle of Boomerang Coin – Share Profit Insurance Sales. The objective is to mitigate the risk of market volatility and ensure consistent earnings for the members.
Cryptocurrencies have seen tremendous growth; however, they have also been risky on many occasions, especially when it comes to high-stakes trading. As the developers pursue the end of the ever-evolving sphere, here comes BMR|SPIS with a profit-sharing model through the insurance sale.
It mitigates market volatility by directly linking the sale of insurance to the distribution of rewards. For example, if a user has 5% of BMR|SPIS, then they will be entitled to 5% of the profit from the sale of insurance. This perfectly aligns with the success mantra of every user seeking earnings in their pockets amid the unpredictability of price surges. It works well for the ecosystem at Boomerang as well.
Whenever a user participates in the activity, it opens up more investment opportunities and a chance to fuel the growth and success of Boomerang. Moving forward, the plan is to launch the ICO of BMR|SPIS. The Initial Coin Offering for the token will help lay the groundwork for developing Boomerang’s ecosystem. Users can track an upcoming ICO list to know the details about other tokens.
VetAPP is one of the few tokens that is expected to see the light tentatively on July 1, 2023.
Per the estimate put on the table by Boomerang, the pace of development could see them achieve the desired readiness in just a single quarter. All this is on top of the early investment opportunities.
Boomerang has employed the ERC20Votes library of OpenZeppelin. The partnership will enable Boomerang to gain insights into the architecture of its token. This will ensure that there is a layer of safety and reliability for BMR|SPIS. Additionally, Boomerang has expressed that it will remain committed to unit testing and security audit services.
Calling BMR|SPIS a testament to their commitment to delivering better investment opportunities, Boomerang has stated that owning BMR|SPIS is all about investing in a tangible solution based on a unique concept. Users can start trading BMR|SPIS to claim the profit through its mobile application.
The announcement comes after Boomerang detailed its preparations for the ICO. The team announced that it was entering the pre-sale phase to offer early adopters a unique opportunity. This was emphasized during the final days of May 2023, with the addition that early participation will grant them access to the token discount.
Boomerang is expected to reveal information about the BMR|SPIS ICO in the near future. Interested users can monitor updates on the official Boomerang website through announcements and newsletters. Boomerang reveals opportunities and insights through the same channels.