Welcome to the Frequently Asked Questions (FAQ) page for Boomerang Coin (BMR). Here, we aim to provide clear and concise answers to some common queries about BMR.

  • What is BMR? BMR, or Boomerang Coin, is a distinctive cryptocurrency. It uses smart contracts, a Safety Net, and a liquidity pool (Sushi Swap) to reduce investment risks for its holders.

  • How does BMR protect its investors from price drops? BMR offers a Safety Net to its holders against sudden price drops. This Safety Net can be claimed if the price of BMR falls to 50% of its original value.

  • What happens when the price of BMR rises to 125% of the original price? When BMR's price reaches 125% of its original value, the Safety Net automatically expires. The funds from these expired Safety Nets are then used by the Bank to purchase and burn coins, which helps increase the coin's price.

  • What is the role of the Bank in the BMR ecosystem? The Bank plays a crucial role in the BMR ecosystem. It helps increase the coin's value by using funds from expired Safety Nets to buy and burn coins. This action also contributes to creating deflation in the BMR market.

  • What happens when I sell my BMR coins? Selling your BMR coins results in the expiration of any associated Safety Net. The funds from this Safety Net then go to the Bank.

  • How does BMR protect investors when the price drops significantly? If the price of BMR decreases substantially, the Bank utilizes the reserves from expired Safety Nets to buy BMR coins on the market and burn them. This helps stabilize the coin's price.

  • Do I get all my BMR tokens when buying? Yes, when you purchase BMR, you will receive 100% of the tokens, in your own wallet. Although 50% of your funds will be reserved, the BMR mechanism ensures full token delivery.

  • How can I receive 100% of the BMR tokens when 50% of my buy funds is reserved? Boomerang employs a unique "Smart delayed half minting" mechanism to enable this. For more details on how this works, you can explore our advanced "Dive Deeper" documentation.

If you have more questions or need further information, feel free to dive into our detailed documentation or reach out to our support team. We're here to help make your Boomerang Coin experience as smooth and understandable as possible!

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