Whitepaper
This whitepaper describes the Bumerang Token (BMG) project, located at the contract address 0x7136f4b1ABDDEedB0E24C6Fbf906F0158706bDE2. The goal of the project is to allow users to stake their tokens and earn rewards.
Project Description
Bumerang Token (BMG) is an ERC-20 token operating on the Ethereum blockchain. The total supply is 21 million tokens, and each year a certain amount of tokens will be released into circulation. This process aims to provide long-term value to token holders.
Technology
The project runs on the Ethereum blockchain and creates a token that conforms to the ERC-20 standard. The smart contract manages the distribution, burning mechanism, and staking process of the tokens. Additionally, token burning occurs at certain rates to control the supply.
Economic Model
Bumerang Token holders can stake a certain amount of tokens to earn rewards. Rewards are determined based on the number of tokens staked and the duration of the staking period. Each year a specific amount of tokens is released into circulation, and burning is performed at certain rates.
Governance and Investors
The project operates with a decentralized governance structure. Investors provide financial support to the project for a certain period and earn rewards by staking their tokens.
Future Plans
In the future, the Bumerang Token project plans to add new features and expand its user base. This will support the growth of the community by offering more staking and reward opportunities.