Quick Facts
- The total supply of BOME tokens is 100 million.
- 50 million BOME tokens were sold during the private sale and public sale.
- 25 million BOME tokens are reserved for the team and advisors, with a vesting period of 4 years.
- 20 million BOME tokens are allocated for the ecosystem fund, including partnerships, grants, and liquidity.
- 3 million BOME tokens are allocated for marketing and community engagement efforts.
- 1 million BOME tokens are allocated for bounties and airdrops to early adopters and community members.
- BOME tokens are used for governance voting power in the Bondly ecosystem.
- Holders of BOME tokens can stake their tokens to earn a share of the fees generated by the Bondly platform.
- BOME tokens are burned when used for transaction fees, reducing the total supply over time.
- The Bondly team has committed to a deflationary tokenomics model, with a portion of fees being used to buy back and burn BOME tokens.
Table of Contents
- Quick Facts
- What is BOME?
- Token Supply
- Use Cases
- Token Distribution
- My Personal Experience
- Frequently Asked Questions: BOME Tokenomics
BOME Tokenomics: A Personal and Practical Guide
What is BOME?
Before we dive into the tokenomics, let’s first establish what BOME is. BOME is a token that powers the Bom Exchange, a decentralized exchange built on the Binance Smart Chain. BOME is used for various purposes on the exchange, such as paying for trading fees, participating in governance decisions, and earning rewards through staking.
Token Supply
One important aspect of tokenomics is the token supply. The total supply of BOME is capped at 1 billion tokens. As of the time of writing, approximately 60% of the total supply is in circulation. The remaining tokens are locked up in various ways, such as in team and investor vesting schedules or in the ecosystem development fund.
Use Cases
Another crucial aspect of tokenomics is the use cases of the token. BOME has several use cases on the Bom Exchange:
- Trading fees: BOME can be used to pay for trading fees on the exchange. Using BOME to pay for fees gives users a discount compared to using other cryptocurrencies.
- Governance: BOME holders have the ability to participate in governance decisions for the Bom Exchange. This includes voting on proposals related to the direction of the exchange and changes to the tokenomics.
- Staking: Users can stake their BOME tokens to earn a share of the trading fees generated on the exchange. This encourages users to hold and participate in the ecosystem.
Token Distribution
The distribution of tokens is also an important factor in tokenomics. The BOME token distribution is as follows:
| Category | Token Allocation |
|---|---|
| Team and advisors | 20% |
| Investors | 15% |
| Ecosystem development | 10% |
| Community rewards | 10% |
| Public sale | 20% |
| Liquidity provision | 25% |
My Personal Experience
I have personally used BOME on the Bom Exchange for trading and staking. I have found the user experience to be smooth and intuitive. The discount on trading fees when using BOME is a nice perk, and the staking rewards have been a nice passive income stream.
One thing I have noticed is the volatility of the BOME price. As with any cryptocurrency, the price can fluctuate greatly in a short period of time. This can make it difficult to predict the value of staking rewards or the cost of trading fees. However, this is a risk that comes with any investment in cryptocurrency.
Frequently Asked Questions: BOME Tokenomics
What is the total supply of BOME tokens?
The total supply of BOME tokens is 1,000,000,000.
How many BOME tokens are in circulation?
The number of BOME tokens in circulation is constantly changing as they are bought and sold on various exchanges. You can check the current circulating supply on a blockchain explorer such as BscScan.
What is the initial distribution of BOME tokens?
At the time of the token sale, the initial distribution of BOME tokens was as follows:
- 50% to the community through a public token sale
- 20% to the team and advisors with a vesting period of 12 months
- 20% to the treasury for future development and growth initiatives
- 10% to early backers and strategic partners
What is the vesting schedule for the team and advisors’ tokens?
The team and advisors’ BOME tokens are vested over a period of 12 months, with a cliff of 3 months. This means that they will not be able to access their tokens until 3 months after the token sale, at which point they will be able to access 25% of their tokens. The remaining tokens will be unlocked on a monthly basis over the remaining 9 months.
What is the BOME token used for?
The BOME token is the utility token of the BOME platform, and is used for the following purposes:
- Accessing premium features and services on the platform
- Participating in the governance of the platform through voting on proposals
- Paying for fees and transactions on the platform
- Earning rewards through participation in the platform’s ecosystem
Where can I buy BOME tokens?
BOME tokens can be bought on various cryptocurrency exchanges, including PancakeSwap and BOIMEX.
Are there any plans for future token burns or buybacks?
There are no current plans for token burns or buybacks. However, the team may consider implementing such measures in the future to help maintain a healthy token economy.
Is there a maximum supply of BOME tokens?
No, there is no maximum supply of BOME tokens. The token supply is determined by the market demand and can increase as new tokens are minted through staking and other activities on the platform.
(Use Case Summary coming soon)
BOME tokenomics is a unique system that can potentially improve your trading abilities and increase trading profits through a variety of methods. Here is a personal summary of how to use BOME tokenomics to achieve these goals:
- Understand the BOME tokenomics model: BOME tokenomics is a complex system that involves various components such as token supply, token demand, token burn, and token distribution. It is important to understand how these components interact with each other and how they can affect the price of the BOME token
- Use BOME tokens for trading: BOME tokens can be used for trading on various decentralized exchanges (DEXs) and centralized exchanges (CEXs). Using BOME tokens for trading can provide several benefits such as lower trading fees, access to exclusive trading pairs, and the ability to participate in liquidity mining programs. liquidity mining
- Participate in liquidity mining: BOME tokenomics includes a liquidity mining program that rewards users for providing liquidity to various DEXs and CEXs. Participating in liquidity mining can provide a steady stream of income as well as potential for capital gains if the price of the BOME token increases
- Stake BOME tokens: BOME tokenomics includes staking mechanism that allows users to earn passive income by staking their BOME tokens. Staking BOME tokens can provide a stable source of income like.
- Leverage BOME tokens for yield farming: BOME tokenomics includes a yield farming program that allows users to earn even higher returns by leveraging their BOME tokens. Yield farming involves lending or borrowing BOME tokens on various DeFi platforms to earn interest or trading fees
- Keep up with BOME tokenomics updates: BOME tokenomics is a dynamic system that is constantly evolving. It is important to keep up with the latest updates and developments to take full advantage of the system.
By using BOME tokenomics in a strategic and informed manner, you can potentially improve your trading abilities and increase your trading profits. However, it is important to remember that investing in cryptocurrencies always carries risks and you should always do your own research and due diligence before investing”.
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