Thunder Bollinger-Booster
Bollinger Bands are a set of trendlines used on a price chart as a metric to determine when prices are high or low on a relative basis. They are typically plotted two standard deviations (both positively and negatively) away from the simple moving average of an asset's price.
Bollinger bands work in pairs, with an upper and a lower band used in conjunction with a moving average (or central band). The closer the prices move to the upper band, the more the asset could be considered to be overbought. If the price trends more towards the lower band, the more the asset could be indicated to be oversold.
In other words, when prices trend towards the bottom Bollinger line, we have entered the “danger zone”, which could indicate a likelihood of sustained downward sell pressure.
We solves this via an innovative tokenomics. When the price falls below the lower Bollinger band, our Bollinger Band Booster goes into effect, boosting the APR%. This increases investor yield, de-incentivizes bank runs and generates more buying pressure for the token.
For example, on 12:00 UTC 10th Nov 2021, the price fall to $0.0157, Thoreum-BNB is boosted by an addition 100% APR
The result? Buying pressure increased because of the high APR --> price come up gradually to 0.0162 in 7 hours.
Last modified 17d ago
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