Bounce Brand Announces Creation of MBA, A New Synthetic Token

According to Odaily, Bounce Brand has announced the creation of a new synthetic token, MBA, supported by Bounce M&A. This token is not intended to replace MUBI, BSSB, or AMMX, but rather to enhance their resilience. The creation of MBA involved the destruction of 1,343,750 MUBI, 268,750 BSSB, and 53,750,000 AMMX tokens. To mint one MBA token, users need to submit 5 MUBI, 1 BSSB, and 200 AMMX tokens. Once the MBA is minted, the tokens submitted in the process cannot be recovered. AUCTION holders will be able to receive a 0.5% transaction fee collected from the MBA minting process. The announcement was made on the X platform, where Bounce Brand stated that the MBA was minted on Ethereum and BounceBit through Bounce M&A. This move is seen as a strategic step to increase the resilience of the existing tokens by introducing a new synthetic token into the mix.