What Is Boo Finance(BOOFI)?
There will be no Pre-mines or Venture Capital involved with the distribution of the ecosystem’s native token: Boo Finance. The token will be distributed to the entirety of the community through incentives and giveaways. Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol. Deploying smart contracts on Avalanche cost just a tenth of what they cost on Ethereum. High gas fees, front-running, and other adverse effects of slow smart contract blockchains are now a thing of the past.
Avalanche Virtual Machines (VMs) enable developers to easily launch blockchains with a wide array of application-specific features. Boo Finance The Ethereum Virtual Machine is fully running on Avalanche with more VMs to come. Avalanche is the best verifiable platform for institutions, enterprises, and governments. Launch assets, build applications, and create subnets with complete control over your implementation with compliance, data security, and other rule-sets built into the foundation.
Boo Finance Storage Key Points
|Coin Name||Boo Finance|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Farming & Staking Rewards
It is important to keep Boo Finance allocation of farming & staking rewards as high as possible in order to incentivize liquidity inside of your platform and therefore increase TVL. They’ve allocated over half (51%) of your total supply for this purpose alone, ensuring high APYs for Boo Finance users. In order to stay aligned with your initial vision of fair launches, this allocation won’t be pre-allocated to the team. The BooFinance Foundation will not receive the funds prematurely, and instead, it will be supplied as 14% of rewards minted by the smart contract, reducing volatility.
Initial Token Sale
The initial token sale will take place through the Penguin Launchpad on the Avalanche network. The token valuation at the time of the token sale will be $250,000. This allocation will be used to hire the best solidity developers in the space, fund audits to secure Boo Finance code, and reward your users for completing bug bounties. Mint your own digital collectibles in seconds for fees less than a cent. Digitally prove ownership, and streamline value flow. Create and share art, collectibles, and more with all the benefits and none of the downside.
Community & Marketing Endowment
Boo Finance understand that marketing plays a huge role in the success of a cryptocurrency. Countless projects with great teams fail to get a following because they have the technology but lack the means to promote themselves. For this reason, 5% of the total BOOFI supply will be used for marketing & design, giveaways, and strategic partnerships. Avalanche is Solidity-compatible. All of your favorite tools like Remix, Truffle, and Tenderly work out of the box.
Strategic Partnerships & Advisors
Established partners are a vital asset that enables Boo Finance to reach existing communities and ecosystems. Although this is the smallest allocation, when put to good use with the right people, it could prove to be Boo Finance leading way of attracting new ghosts. Advisors and partners will be an immense asset in improving BooFi’s reach within Avalanche sphere and other networks of interest such as BSC, Polygon, and Fantom.
Scale to millions of validators with minimal hardware
Stake, or lock up, your AVAX to help process transactions and further secure the platform–providing security guarantees well-above the 51% standard. You probably have the hardware required to join the platform. Deploy block-chains that fit your own application needs. Build your own virtual machine and dictate exactly how the block-chain should operate. Launch Ethereum dapps that confirm transactions instantly and process thousands of transactions per second, far beyond any decentralized blockchain platform today.