Before we start let me tell you what the plan was
The plan was to fairlaunch at a starting marketcap of $600,000 and presale price equal to the listing price
And we successfully did just that. The Bimp team was able to launch fairly.
The devs and the entire marketing team did not make any money from the presale and will only profit if the project’s token price increases in value.
Now let’s address the elephant in the room right away,
why is there a big red candle stick at our chart?
The long red candlestick came from the unofficial price when someone created liquidity in Pancake swap.
When someone created a BNB and Bimp pair, that person experimented with a liquidity pair that created a Marketcap value of 170 Billion Dollars.
The 170 Billion Dollar marketcap happened because the anonymous person only paired a few cents of BNB with a certain amount of Bimp he got from the airdrop.
Did you know Bitcoin’s marketcap value is around 700 Billion Dollars the chart however picked up a starting marketcap of 170 Billion dollars for Bimp! 🤣😂
Right after the liquidity was removed by that anonymous person the market cap went down to $885 🤣
So what happened next?
The entire Bimp team just moved forward with the promise of launching once the hard cap has been met.
The devs were able to adjust the liquidity pair to fulfill the promised market cap of $600,000 and token price of 500 Billion Bimp per BNB.
This took quite some time to get it right and people were watching in suspense on Telegram while the devs were adjusting and correcting the liquidity in its proper place.
Finally, we sorted everything out, liquidity added, and locked at Unicrypt for a year.
It says 97.8% because there are still other people putting in more liquidity. This is fine now because it is already benefitting our project.
Here’s the link for Unicrypt liquidity lock
https://app.unicrypt.network/amm/pancake-v2/pair/0x2A6DdB70FF7D1ea114770377A9596fDB1c131CBF
Why are we persistent in moving towards with the original smart contract and not create another one and do another airdrop of new tokens instead?
Because it took us more than a month to have our official logo listed on BSCScan, and changing the contract would put this valuable effort to waste.
Did you know that the red candle stick won’t be noticeable once we are at our 3rd day and from that point this project will keep on pumping and start attracting new investors in Bimp.
Moving forward to our launch story.
Did you know we have burned 5% of the token supply (50 Trillion Bimp tokens) by sending it to a dead address before getting publicly listed on Pancake Swap?
The dead address is also a wallet that sucks in more tokens on every transaction making our token supply deflationary and increasing the price floor of Bimp in every transaction.
Breakdown of the burned 50 Trillion Bimp:
15 trillion was taxed by the smart contract and redistributed to all holders
and 35 Trillion was sent to a dead address.
The total tokens to be burned from our tokenomics is 10% leaving 5% more to be burned within the next coming weeks everytime we hit a new all-time high.
In summary,
Bimp with all its committed devs was able to fulfill all promises, all targets and is now moving towards building one of the biggest Simp, Bimp, and game streaming communities.
Again, from the Bimp team, we would like to thank all believers of this project. Overcoming those several setbacks just shows the integrity and commitment of the entire Bimp team to its long-term community.
It’s only been a day since the public launch, but the team has grown and matured so much already. We’ve built Bimp for the last 5 months and we are here to fulfill a promise to our community.
Whatever that doesn’t kill you, will make you stronger 💪😎
Bimp is the new simp
Bimp is BNB in my pocket.
Bimp is SAFU
Bimp is Family
Keep holding, keep claiming and keep simping
Know more at Bimp.Finance
