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About Bermuda
- Bermuda aims to provide crypto privacy for the Ethereum blockchain.
- Custom-built source code and smart contracts for a second-generation privacy solution.
- Allows users to privately send any supported ERC-20 token and any amount.
- Transactions appear on the blockchain as coming from the Bermuda smart contract, hiding sender’s wallet address and holdings.
- Designed to be secure, legally compliant, and easy to use for crypto transfers and payments.
- $BMDA token powers the Bermuda platform.
- Holding 20,000 $BMDA tokens waives fees.
- $BMDA token has two burn mechanisms for upwards price pressure.
- Taxes:
Nestled in the Atlantic: Bermuda, a Haven of Financial Innovation
Bermuda aspires to establish a new paradigm in crypto privacy within the Ethereum blockchain ecosystem. Unlike many existing crypto mixers, Bermuda is not a derivative of Tornado Cash, instead boasting a bespoke architecture. Its source code and smart contracts have been meticulously crafted from the ground up to provide a cutting-edge, second-generation privacy solution. This enables users to discreetly transfer any supported ERC-20 token in any desired amount. Notably, all transactions facilitated through Bermuda are directly routed to the recipient, with the blockchain recording the transaction as originating from the Bermuda smart contract, thereby effectively concealing the sender’s wallet address and holdings.
Bermuda has been meticulously designed to provide a secure, legally compliant, and user-friendly platform that enables seamless crypto transfers and payments while safeguarding users’ personal wallet addresses and holdings, thereby mitigating the risks of personal blacklisting and platform shutdowns resulting from illicit activities.
The $BMDA token: At the heart of the Bermuda platform lies our native token, $BMDA.
By holding a minimum of 20,000 $BMDA tokens, users can utilize the Bermuda platform
without incurring any fees. Notably, $BMDA is designed with two innovative burn mechanisms,
which work in tandem to generate sustained upward price pressure.
The $BMDA token features a tax structure comprising 0% buy tax and 5% sell tax, which is further allocated as follows: 2% for marketing, 2% for development, and 1% burned.
The Bermuda Platform’s fee structure is as follows: deposits are free of charge, with no deposit fee applicable when tokens are deposited into the contract. The send fee is waived for users holding 20,000 BMDA tokens or more. For users with fewer than 20,000 BMDA tokens, a 2.5% send fee applies, which is allocated as follows: 1% for marketing, 1% for development, and 0.5% for token buybacks and burning.