Interview With SymBULL on How They Support the First Crypto EcoVERSE
In the past year, concerns about inflation have occupied a top spot in every investor’s strategy. Bitcoin has emerged as a hedge against this economic phenomenon and the inflationary policies of central banks.
However, other projects in the crypto ecosystem could become a better alternative than the king of cryptocurrencies as they offer rewards, a better deflationary model, and other features. In that sense, SymBULL created the first crypto EcoVERSE to provide users with a variety of use cases while they have the capacities to generate yield.
We sat down with the team behind the project to discuss the benefits to operate with SymBULL, rewards, and their vision of the future. This is what they told us.
Q: Can you tell us a little more about your SymBULL? What makes it special when compared to other projects and how can users benefit from the platform?
A: SymBULL, RIDE, CHARGE — BullSwap — Innovative Reward System — The SymBULL EcoVerse! SymBULL is a deflationary token designed to become more scarce over time. All holders of SYMBULL will earn 8% reward from every Buy/Sell Transaction in Binance pegged BUSD, which is automatically sent to your wallet by simply holding SymBULL. SymBULL’s
Ecoverse is what makes it so special.
Q: What use cases and features users can leverage on SymBULL? And what does EcoVERSE mean for those unfamiliar with the term? What are the components that support your ecosystem?
A: The use cases and features users can leverage are the many financial relationships that the SymBULL team has in the financial sector. We plan to build off of those relationships to bring a real-world use case for SymBULL in the banking/financial sector for worldwide, mainstream mass adoption. The EcoVerse is a combination of the EcoSystem and the MetaVerse which will establish the new standard of DeFi Tokeneconomics with its innovative and game-changing Token distribution strategy. BullSwap, the next evolution in DeFi platforms gives users the ability to STOMP (provide liquidity), TOSS (stake), and SWAP tokens to gain BULL Returns through our sophisticated and innovative passive income reward system. SymBULL is proud to be a Yield Generation token which rewards its holders in Binance pegged BUSD.
Q: We understand SymBULL has unique tokenomics, could you tell us more about it, your distribution strategy, and the Bull Run Mechanism?
A: 3% of every buy and sell transaction is automatically added to Buy-Back Reserve. The tokens collected from the fees are converted into BNB and securely locked and stored in the SymBULL contract. The contract is coded so that the BNB in the Strategic Reserves cannot be withdrawn and can only be utilized to buy back SymBULL coins from the open market and burn them. The project’s contract has two different BuyBack systems: The main one, Bull Run Buyback, is a large buyback deployed strategically at specific moments and generates a big green candle in the chart. Bull Run is executed when the chart most needs it. When volume is low, the Bull Rise System kicks in, and small buys will happen to discourage early sellers. This creates a proper burn and guarantees the price per token will increase every time the buyback is activated.
Q: SymBULL is a relatively new project, what kind of adoption have your team seen since the token and EcoVERSE were launched?
A: We have seen a pretty big adoption of the project. Within the first few days going from under a $500,000 market cap to over $20 Million market cap was a huge success, but we are just beginning.
Q: What are your plans for 2022? Many believe the crypto industry could go into another multi-year bear market. If that’s the case, do you believe users could still be able to profit and generate yield with SymBULL?
A: Our plan for 2022 is to continue project development preparing for the release of our BullSWAP. Alongside BullSWAP will be our Bull Tracker and many partnerships we are planning to pair with our project. Although we cannot control the market we believe that based on historical data and the rise in interest in cryptocurrency we will see a hugely positive trend in cryptocurrency in the coming year of 2022. This will continue the attractiveness of our project and rewards being distributed in BUSD which remains stable.
Q: Finally, with concern about inflation running hot around the financial sectors worldwide, investors seem desperate to generate yield. However, the traditional instruments that used to provide financial security and stability seem obsolete. In that sense, could SymBULL and DeFi become the new safe haven for institutions and individuals looking to preserve and increase their wealth?
A: Absolutely, this is something that we are big on creating. We want to build the attractiveness for institutions and investors and bring light to a new movement of wealth and stability. This is one of these reasons we plan to use our experience and relationships in the financial sector to grow and create mass adoption for all investors.Source