Cryptocurrency Q&A
What is a bump token?
What is a bump token?
BitcoinWarrior
Thu Nov 07 2024
|
6 answers
1033
A bump token refers to a specific type of token used to increase the visibility or priority of a message, transaction, or request within a system or network. It can be seen as a mechanism to 'bump up' the importance of certain actions, ensuring they receive preferential treatment or faster processing.
6 answers
Andrea
Sat Nov 09 2024
The BUMP token plays a crucial role in supporting the network effect of Bumper's market pairs.
Was this helpful?
172
30
CryptoMaven
Sat Nov 09 2024
For takers who wish to buy protection, they are required to bond BUMP tokens when opening their positions.
Was this helpful?
49
91
Stefano
Sat Nov 09 2024
Similarly, makers who earn from depositing capital also need to bond BUMP tokens as a requirement for their trading activities.
Was this helpful?
352
49
Riccardo
Sat Nov 09 2024
The bonding of BUMP tokens serves as a mechanism to ensure the stability and security of the Bumper platform.
Was this helpful?
115
92
Davide
Fri Nov 08 2024
Under frequently occurring protocol conditions, BUMP incentives are distributed to token holders automatically.
Was this helpful?
121
79
Load 5 more related questions
