Bundles claims to be an innovative decentralized finance (DeFi6) project aimed at challenging token holders against one another to own the most tokens. DeFi refers to an emerging financial technology that eliminates central control of banks and institutions on financial products, money, and financial services. The platform was developed with the idea of creating a new staking platform.
The platform has staking mechanisms that enable holders of the token to use their crypto prediction skills to decide and choose which currencies will perform better. The network offers to choose from a high-risk pool and a low-risk pool, having different rewards and durations. The high-risk pool has a 48-hour duration, while the low-risk pool has a 72-hour duration.
Further, the DeFi space faces a few challenges, including poor tokenomics, poor use cases, and market pulls. Bundles seeks to offer a token that resolves these issues and keeps user interest with gamified elements. In addition, the forum offers a robust tokenomic structure with an opportunity to grow and develop.
In addition, Bundles has developed an NFT10 ecosystem where users can use their tokens for buying unique whitelisted NFTs. The platform’s NFT marketplace also allows users to sell their token NFTs and has a fixed auction price feature.
Lastly, the network is created on the Ethereum blockchain (ERC2013—a standard for creating and issuing smart contracts on the blockchain). Moreover, BUND ($BUND) is the native token of the Bundles platform.