Details of BBOS:
BBOSS is a general point system based on blockchain distributed accounting technology, which is applied to the consumption ecology of various fields in the world, and provides social, accounting, payment, and digital assets based on the consumption field. Management and other application ecology. On the basis of not changing the existing rules of various industries, the various points launched by merchants and enterprises will be exchanged into global digital assets BBOS with smart contracts through blockchain technology.
Through the smart contract link consumption bookkeeping, realize the assetization of consumption data, help enterprises and ordinary merchants around the world to improve their business core competitiveness, allow consumers to get more discounts, and feel the charm of blockchain technology changing life.
Features of BBOS:
BBOSS uses the principles of circular economy, social economy and consumer economy to create a new business model based on blockchain technology. BBOSS is a diversified blockchain accounting tool. Users can register and use it for free. In various consumption scenarios, BBOSS DAPP adopts a flexible accounting model. Based on the characteristics of trust network and blockchain decentralization, in Node accounting can be turned on before and after actual consumption, and effective consumption data will be uploaded and broadcast. In the blockchain node network, after 21 absenteeism confirmations of executing smart contracts, the bookkeeping is successful. Users and miners in each link will receive a corresponding proportion of Token rewards to realize the closed-loop development of ecological value.
BBOS Destruction Mechanism:
In the white paper of the BBOSS Universal Points Accounting System, it is planned to launch the second exchange after January 2020. Due to the progress of the project’s landing application exceeding expectations, the second exchange was officially registered at the end of June 2019 So ZG.COM. According to the destruction mechanism in the BBOS white paper, if the value of the BBOS currency appreciates by more than 300% within the year, and the second exchange is launched in 2019 in advance, the issuance destruction mechanism will be activated, and each new exchange will destroy the total issuance of BBOS (including the destruction 50% of the balance), according to the increase in the number of online exchanges, the remaining 50% of the issuance will be destroyed until the remaining 200 million.
The first burning was completed on July 9th. As more and more exchanges go online, it is expected that the number may drop to 200 million within this year. Afterwards, the repurchase and destruction mechanism will be activated. The implementation of these contracts has greatly improved the interests of early currency holders, and also laid a good foundation for the development of BBOS.