Boboo Token is a decentralized blockchain digital asset issued by Boboo.vip Exchange based on Ethereum 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 upgrade:

BOBT Genesis Mining Stage: BOBT initially issues 21 million BOBT, and users can only obtain free money through currency trading during the 100-day Genesis Mining Stage Mining, and reserve it for selflessness and team. In the creation stage, a total of 3.6399 million BOBT were dug out, and the remaining 17.3601 million were all destroyed.

BOBT1.0 repurchase stage: Bo.com official took out 100% of the net income from the handling fee for the transaction fee to repurchase and destroy BOBT; the first repurchase price of BOBT coins was 1.2U, the repurchase price in the first year increased by 2.5% per week, and the repurchase price in the second year increased by 1.25% per week; the cumulative destruction of 26,800 BOBTs in the first phase.

BOBT2.0 mining pool stage: Upon the community's proposal, BOBT is upgraded from a repurchase model to a mining pool model; BOBT users can mine through coin holding and contribution behavior, and obtain 100% of the platform's net income from the platform's currency transaction fee; at the same time, Bowang official repurchased 1.5 million BOBTs from the secondary market and invested in the mining pool for users to mine;
On this basis, the official then split the BOBT at a denomination of 1:10, and the BOBT holdings of all coin users became 10 times the original amount. At this stage, the total BOBT circulation was 36.399 million coins.

BOBT deflation stage: BOBT2.1, 50% of the net income from the platform's currency handling fee will be used to repurchase and destroy BOBT in the secondary market, and BOBT officially enters the era of deflation. BOBT2.2, destroying 8 million BOBT to be mined. BOBT2.3, destroyed 4.1279 million BOBT; after the 2.3 proposal, BOBT officially entered the deflation stage, that is, it will never issue additional fees, and it will be repurchased and destroyed every week.

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