BHO Network is described as a private blockchain created from decentralized finance (DeFi) and immutable tokens (NFT). In this article, as Kriptokoin.com, “What is BHO Network?” We will answer the question. In addition, we will touch on other questions about the project.
What is BHO Network?
It is a protocol that provides loans for small and medium-sized businesses and solves financial problems with blockchain and NFT protocols. It was started by Singapore-based Unius Asis. Its old name is Bholdus. The platform provides high transaction speed up to 10,000 transactions per second and minimizes financial risks. It is also stated to offer 400 times higher transaction speed than popular blockchains.
In addition, the platform stands out with its SME (SME) financing solutions in Southeast Asia. It is stated that businesses in Southeast Asia are experiencing capital shortages. Accordingly, the project seeks to bring SMEs and BHO investors together for financing opportunities.
What are its features?
- Speed: Transaction processing speed paves the way for BHO Network to process thousands of transactions per second. Accordingly, the platform does not compromise on performance and works in harmony with thousands of validators.
- Low Cost: Along with the high block time and size, the network has a very low transaction fee. BHO uses a weight-based fee model. For this reason, transaction fees are collected before the transactions take place. After the fee is paid, the nodes perform the transactions.
- Sustainable: It is flexible, efficient and sustainable thanks to “Novel Consensus Mechanism”. It is preferred for many developers in the long run.
What is BHO token?
BHO Network’s native cryptocurrency is BHO. It has various use cases. Some of them are:
- Farming rewards: Users can join the BHO Network farming pool and earn rewards. The amount of BHO earned will be proportional to the amount of liquidity (LP) provided.
- Governance: BHO token holders have a say in the management of the project and can vote.
- Launchpad: Token holders can participate in new crypto projects on BHO Network’s launchpad.
What is the current price and total supply of BHO?
According to Coinecko data, the maximum and total supply of BHO Network is 10,000,000,000 BHO. However, the exact amount of supply in circulation is not known. However, the last 24-hour trade volume of the project was calculated as $5,685. The BHO token is currently trading at $0.00116716 on cryptocurrency exchanges. But in October 2021, it rose to the level of $ 0.086 and broke its own price record.
What is BHO Network? How to take
BHO Network is currently traded on a small number of cryptocurrency exchanges. People who want to invest in the project should open an account in one of the exchanges where the project is traded. The exchanges that BHO Network is traded are listed as follows: MEXC and PancakeSwap. Users who want to invest in the project should open an account on one of these exchanges. Additionally, investors should add USDT (MEXC) or BNB (PancakeSwap) to their wallets.
