1.What is BOBO? What can BOBO do? Could you introduce it in detail?
BOBO is originated in Japan. It is the world's first cross-chain platform which combines Uniswap and OpenSea. The Ethereum technology team developed this platform with Waseda University together. As a new asset trading container, some strength platforms such as Christie's, Grammy, Haruki Murakami opened a new channel of asset flow. BOBO is favored by both the financial community and the art community. At the same time, combining with the market theory, it helps realized a non - permanent occupation asset production and issuance mechanism.
In the meantime, BOBO incubates decentralization exchange, BOBOSwap and decentralized trading platform OpenBOBO, and it also builds NFT+DeFi aggregation platform, which quickly realizes asset appreciation and liquidity.
2.What about BOBO's team and background?
BOBO was jointly developed by the Ethereum technology team and Waseda University. The team has core people from XSM, Ripple, Polakdot, Opensea, Alibaba Cloid and so on.
Investors include Inamori Kazuo Blockchain Foundation, Digital Currency Group, Y Combinator, Haruki Murakami Foundation, Waseda University NFT Research Association, Mark Cuban, INVESCO, CyberAgent, SHAFT, Paradigm, Grupo Aval Acciones y Valores, Keiichiro Takawara Family Fund, teamLab, Bitforce, FBG Capital, etc.
BOBO set up the NFT+DeFi fund of over a billion dollars. It focuses on the future development of NFT and DeFi. Its research areas include NFT, Metaverse, Gamefi, games, digital collectibles, etc. The invested NFT projects include BIGTIME, Epik, Efinity, etc.
3.What are the advantages of BOBO compared with other trading platforms?
nness and inclusiveness, and anyone can participate in it. It accelerated the development of NFT. Besides, it can develop a corresponding ecological flow around NFT buyers and creators and solve problems such as lack of liquidity and practical application of NFT. It is ensured that every NFT traded on BOBO is authentic.
Meanwhile, BOBO is committed to adding computability to the non-homogeneous token NFT. That is to say, on reservation of NFT strong personalized description ability at the same time, to make the "quantity" as the core of the NFT attribute, to support math, to make it can be widely used in digital art, digital publications, digital certificates, standardization of virtual goods description and said and also can become the ideal protocol of offline physical commodity chain on the map.
4.What are the functions and applications of BOBO?
BOBO features include:
1)The use of NFT technology can clarify clearly about the ownership and use of digital assets, which lays the foundation for the "first industrial revolution" of the digital economy and productivity upgrading.
2)Using NFT technology can help creators "book". The underlying technology of NFT enables creators to track their work whenever transactions occur, no matter how many times their data assets are circulating or "re-created".
3)It helps society dramatically reduce the cost of credit. If NFT were applied to corporate contracts, Tencent and Lao Gan Ma would not be in court.
The application scenarios of BOBO are as follows:
1)Use NFT to make digital business cards, star cards, admission tickets, stamps and other limited items.
2)Use NFT to represent a share-able and shared asset, such as a certificate of title to land or a house.
3)Use NFT to represent the natural quantitative characteristics of proof, such as bill of lading, exchange certificate, coupon, loyalty card, etc.
4)Use NFT to represent the virtual real estate ownership certificate with area attribute.
5)Use NFT to represent virtual items in the game.
6)Use NFT to make exquisite functional tickets, not only has a specific function in the system, but also has its own art and collection.
7)Make encrypted works of art in NFT that can be signed and reviewed by collectors.
8)Make financial contracts and instruments with NFT.
5.What are the BOBO ecological matrices?
Open BOBO: It is committed to creating the largest NFT trading market on OKChain network, and it is capable of trading digital artworks, encrypted collectibles, game items, tickets and other NFT products.
BOBO Swap: It is automated market-making trading protocols built on OKChain, and it is helpful to create a highly decentralized financial infrastructure.
BOBO Business: Establish BOBO blockchain trading mall.
BOBO Foundation: Build a decentralized digital asset fund.
6.Will BOBO be deployed in other chains besides OKExChain?
In order to meet the diversified demands on the chain, BOBOSwap will support multi-chain ETH, BSC, Clover, Moonbeam, Arbitrum (Ethereum 2), Avalanche and other multi-chain ecosystems through the cross-chain pool and cross-chain bridge in the future, which can promote the growth of diversified blockchain projects.
7.What is BOBO's total issuance and distribution mechanism? What is the economic logic?
BOBO's total is 10 billion. Besides, BOBO has a unique reward and deflation mechanism. The transaction fee of 8% will be deducted for each transfer and withdrawal of BOBO. Among them, 1% will be weighted to all network mint holders, 3% will be allocated to the creator of LP pool, and 4% will be destroyed.
Through this, it is ensured that a limited number of bobos are available. In economics, if something is scarce, its value increases over time. So the price of BOBO will rise over time through a deflationary mechanism.
8.What are the next steps for BOBO?
At present, OKExChain has reached a consensus of cooperation with BOBO. BOBO will provide technical support to assist OKExChain in establishing the NFT platform and jointly issuing assets on the NFT chain. ：In the future, they will cooperate with the Olympic Games, Leonardo Da Vinci, Picasso, the Forbidden City, Richemont Group, Transformers, Haruki Murakami and other top IP to cast limited edition NFT.
9.What are the channels to learn about BOBO?
whitepaper：
https://pubinfo.boboblock.com/pdf/whitepaper_zh-CN.pdfTwitter：
https://twitter.com/BOBO_INFO1Medium：
https://medium.com/@bobo.info101Telegram：
https://t.me/BOBOGlobaMore Info:https://pubinfo.boboblock.com/#/
