Boson Protocol Price
(BOSON)
USD($)
Boson Protocol (BOSON) Live Price Chart
Note: The data for this cryptocurrency is provided by TokenInsight. Data provided are for informational purposes only and does not constitute investment advice. Always be mindful of the risks associated with investing.
Overview
About
FAQ
How do you feel about Boson Protocol today?
Note: This data is for reference only.
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Boson Protocol(BOSON) Profile
Rank--
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Website
Documentation
Explorer
Contract
Ethereum 0xC477D0...de9
Audited By
https://www.certik.com/projects/bosonprotocol
Investors
Animoca BrandsX21 DigitalLotus CapitalFBG CapitalGD10 VenturesTitans Ventures Vendetta CapitalDWEB3
$0.3057
$0.3675
$6.9200
+0.26%
+12.83%
+30.73%
$47.66M
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136,399,635
200,000,000
About BOSON
How can I buy Boson Protocol (BOSON)?
What Is Boson Protocol (BOSON) Crypto?
Web3's Decentralized Commerce Layer.
Sell physical products as NFTs, everywhere- online, in-verse and on NFT marketplaces.
We have solved the hard tech problems of tokenizing, twinning and trading physical items as NFTs, so you can focus on creating innovative decentralized commerce experiences for your customers.
Our no-code, low-cost tools make it easy to start decentralized Web3 Commerce in just a few clicks.
With Boson you can tokenize and sell physical products as NFTs everywhere, including your own decentralized Web3 Commerce and Metaverse stores, and on NFT marketplaces. Redemption can be integrated into your own website, giving your brand full control of the customer experience.
With Boson, you can create phygital assets and token-gate purchases, allowing you to effortlessly develop engaging and rewarding Web3 commerce and community experiences.
Buyers can transfer, gift, hold or trade the NFT - just like any other NFT.
The final Buyer can redeem the NFT for the physical with full rugpull protection: the assurance that either they will receive the item or their money back- all without the need to trust intermediaries or sellers, just code and independent dispute resolvers.
Boson is foundational infrastructure for decentralized commerce and has been awarded Technology Pioneer status by the World Economic Forum. As a decentralized protocol, Boson is built for the benefit of and governed by its users. Consequently, Boson only charges a minimal 0.5% per transaction protocol fee.
How Does the Boson Protocol Work?
Boson Protocol is a blockchain-based protocol that aims to revolutionize commerce by enabling the tokenization, transfer, and trade of physical and digital assets. Here's how it works:
Tokenization
Boson Protocol allows any physical or digital asset to be tokenized. This means that real-world items, such as clothing or electronics, can be represented as tokens on the blockchain. These tokens are called "redeemable tokens."
Automated Digital to Physical Redemption
The protocol automates the process of converting these digital tokens into physical goods. This is achieved using NFTs encoded with game theory. When a user owns an NFT, they can redeem the corresponding physical item.
Bridging Traditional and Digital Marketplaces
The protocol aims to bridge the gap between traditional and digital marketplaces, making commerce more accessible and efficient.
Data Sharing
Boson Protocol emphasizes voluntary data sharing among users. By sharing data, users can access benefits within the ecosystem.
Third-party Access
Third parties can access data on the Boson Web3 Data Marketplace and accrue value from the fees levied on coordinating transactions within the network.
History of Boson Protocol and BOSON Coin
Justin Banon and Gregor Borosa founded Boson Protocol in early 2019. The project emerged as a response to the need for a decentralized network that enables the sale of physical products as NFTs.
Over the years, it has developed a core decentralized commerce protocol that enables the exchange of real-world assets on-chain. Another key offering it has provided is the dCommerce dApps suite, allowing anyone to sell physical things online as NFTs.
Key focus areas for 2023 include onboarding mainstream users to its ecosystem with the help of web2.5 commerce bridges, such as fiat onramps, token swaps, custodial wallets, and web widgets. The project also has plans for mass adoption of dCommerce through integration with scaled distribution channels for sellers and buyers by partnering with WooCommerce and OpenSea, respectively.
Boson Protocol Conversion Rate
FAQ
Is Boson Protocol (BOSON) a Good Investment?
Here are some reasons why you could consider investing in $BOSON as a way to diversify your crypto portfolio:
Unique Real-world Use Cases
Boson Protocol's unique use case of enabling the sale of physical products as NFTs stands out in the blockchain space. This innovative approach could attract attention and adoption from both consumers and businesses.
Boson Protocol’s Team
The project is led by a team of founders dedicated to its development for several years. A committed and experienced team can contribute to the success of a project, increasing investor confidence and supporting the value of Boson Protocol.
Potential for Adoption
As Boson Protocol continues its path of adoption and development, it may gain more traction in the blockchain and e-commerce sectors, potentially leading to increased demand for its native token, BOSON, and keeping the $BOSON price supported.
What Is Boson Protocol Price Prediction?
Although the volatile nature of the crypto market makes it challenging to offer a reliable BOSON price prediction, the following factors could help you understand price movements in the Boson Protocol crypto:
Level of Adoption of Boson Protocol
The adoption and real-world use cases of the Boson Protocol play a significant role. Increased adoption by businesses and consumers can create demand for $BOSON, especially if it's essential for using the protocol's services. This could help support the Boson Protocol price.
Competition From Similar Projects
Competition within the blockchain and DeFi (Decentralized Finance) space can influence the price of Boson Protocol. Comparative advantages or disadvantages against competing projects can affect investor sentiment.
Crypto Market Conditions
Cryptocurrency prices are highly influenced by market sentiment. Positive news, partnerships, and developments related to Boson Protocol can drive up demand and push the BOSON/USDT price higher. In contrast, negative news can have the opposite effect, weakening the BOSON price.
How to Use BOSON Token
BOSON is the native token of the Boson Protocol ecosystem and serves the following purposes:
Governance of Boson Protocol
BOSON tokens are used for protocol governance, allowing token holders to participate in decision-making processes regarding the development and upgrades of the Boson Protocol. This includes voting on proposals and changes to the protocol, ensuring decentralized governance of the network.
Reduced Transaction Fees
Buyers and sellers within the Boson Protocol ecosystem can use BOSON tokens to reduce transaction fees associated with coordinating transactions. This incentivizes using BOSON as a means of value transfer within the network.
Trade or HODL BOSON
Trade Boson Protocol coin against other crypto assets on the KuCoin Spot Market to make the most of changing market conditions and volatility. Buy or sell BOSON coin, or hold it long-term if you believe in the future potential of the Boson Protocol project. Conduct thorough research and assess your risk tolerance before entering any new trade in the crypto market.
How to Earn BOSON on Boson Protocol
Here are some ways to earn $BOSON within the Boson Protocol network:
Participate in the Boson Protocol
Get involved in the Boson Protocol ecosystem by using BOSON for various activities. For instance, you can use BOSON to make commitment deposits, which are essential for certain transactions within the ecosystem. These transactions can include creating digital-to-physical redemptions using NFTs encoded with game theory.
Community Rewards Programs
Keep an eye on community rewards programs initiated by the Boson Protocol. The project may periodically launch programs that incentivize community members for their contributions. These contributions can include tasks related to network development, marketing, or other activities that benefit the project.
Marketplace Transactions
If you are a merchant or participant in the Boson Protocol marketplace, you can earn BOSON through successful transactions and activities within the marketplace.
Who Are Boson Protocol’s Partners and Investors?
Boson Protocol has partnered with major brands and entities in the blockchain and e-commerce space. Some of its notable partners include Tommy Hilfiger, Hogan, Cider, IKKS, Deadfellaz, and 8SIAN.
Boson Protocol’s investors include Outlier Ventures, Blackrock, NGC Ventures, DeltaHub Capital, Animoca Brands, and Trent McConaghy (angel investor).
What is the all-time high price of Boson Protocol (BOSON)?
The all-time high price of Boson Protocol (BOSON) is $6.9200. The current price of BOSON is down 0.95% from its all-time high.
How much Boson Protocol (BOSON) is there in circulation?
As of 11 24, 2024, there is currently 136,399,635 BOSON in circulation. BOSON has a maximum supply of 200,000,000.
What is the market cap of Boson Protocol (BOSON)?
The current market cap of BOSON is $47.66M. It is calculated by multiplying the current supply of BOSON by its real-time market price of $47.66M.
How do I store Boson Protocol (BOSON)?
You can securely store your Boson Protocol in the custodial wallet on the KuCoin exchange without having to worry about managing your private keys. Other ways to store your BOSON include using a self-custody wallet (on a web browser, mobile device, or desktop/laptop computer), a hardware wallet, a third-party crypto custody service, or a paper wallet.
Fear & Greed Index
Note: Data is for reference only.
Extreme greed84
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2024-11-24 08:44:35 (UTC+8)
24h Volume3,651,127,003USDT