Boboo Token is a decentralized blockchain digital asset issued by Boboo.vip Exchange based on Ethereum. It is an ERC20 standard token based on Ethereum blockchain, referred to as BOBT.

As a community-based exchange platform currency, BOBT has undergone multiple stages of upgrading:

BOBT Creation Mining Stage: BOBT initially issued 21 million BOBT, users can only get it for free through coin-to-coin transactions during the 100-day Genesis Mining period, which is selflessly reserved by the team. A total of 3,639,900 BOBTs were excavated during the creation stage, and the remaining 17,360,100 BOBTs were all destroyed.

BOBT1.0 repurchase stage: BOBT officially takes out 100% of the net currency fee income to repurchase and destroy BOBT; the first repurchase price of BOBT is 1.2U, and the repurchase price in the first year increases every week 2.5%, and the repurchase price in the second year will increase by 1.25% every week; in the first stage, a total of 26,800 BOBTs will be destroyed.

BOBT2.0 mining pool stage: Proposed by the community, BOBT has been upgraded from a repurchase model to a mining pool model; BOBT users can mine through holding coins and contributing behaviors, and get 100% of the platform’s currency transaction fees. income; at the same time, Bo.com officially repurchased 1.5 million BOBT from the secondary market and put them into the mining pool for users to mine; The amount of BOBT currency held by currency users becomes 10 times that of the original, and the total circulation of BOBT at this stage is 36.399 million pieces.

BOBT deflation stage: BOBT2.1, 50% of the platform’s net income from token handling fees will be used to repurchase and destroy BOBT in the secondary market, and BOBT has officially entered the deflation era. BOBT2.2, destroy 8 million BOBT to be mined. BOBT2.3, destroy 4,127,900 BOBT; after the 2.3 proposal, BOBT officially enters the deflation stage, that is, there will never be additional issuance, and the transaction fee will be repurchased and destroyed every week.

BOBT is an important carrier for Bonet Exchange to deepen community autonomy, and it is the only token representing the rights and interests of the platform. In the future, BOBT users of BOBT will jointly build, govern and win-win with BOBT, and share the long-term benefits brought about by BOBT's growth.