Boson Protocol is a decentralized platform designed for e-commerce transactions. It aims to create a database-dependent trading interface between the metaverse and the real world.
What is Boson Protocol and How Does It Work?
Boson Protocol, which aims to be a database-dependent trading tool between the metaverse and the real world, was established in March 2019. It aims to fund the development of a number of specific practices to monopolize and make trade more democratic. In addition, the Boson protocol aims to enable a decentralized trading ecosystem. It achieves its goals with an open tokenized economy that automates the exercise of digital rights for physical assets using game theory-encoded NFTs.
Boson Protocol aims to make e-commerce easier and safer over Metaverse, which is seen as the planet of the future. In short, Boson Protocol offers a brand new model to the world of e-commerce. In addition, it advocates the collection of e-commerce data in a secure and privacy-preserving manner and offers monetary benefits to its users in exchange for voluntary data sharing. Boson Protocol uses the Ocean Protocol to create a Web 3.0 commercial data marketplace.
The market in question helps information buyers learn about consumer behavior and conduct in-depth analysis of business strategies. Boson is designed using game theory concepts to encourage trading parties to act honestly. This is the main feature that distinguishes Boson from the others. The platform is built as a sort of ranked game. It has a two-sided deposit structure that automates dispute resolution and reduces losses.
What is BOSON Coin?
Boson Protocol’s native cryptocurrency is BOSON Coin. It was released to the market with a different auction method on April 7, 2021 via Gnosis Auction. Its main purpose is decentralized e-commerce. BOSON Coin has three uses. These; Governance is Staking and Incentive.
governance BOSON Coin is used to manage the protocol, issuing funds and building consensus on protocol changes. Users are given the right to have a say in the management of the protocol.
Staking In the field, BOSON Coin is used for staking. It reduces the circulating supply. It also reduces network fees.
Incentive BOSON Coin is used to incentivize the participants of the ecosystem. For example; If users share their data, they can earn an income with BOSON Coin.
Advantages
- It offers high earning potential for the future.
- It is possible to connect to the protocol for decentralized instant trading.
- It is thought that it will establish a good bridge between the metaverse and the real world in the near future.
Where and How to Buy BOSON Coin?
BOSON Coin, the native cryptocurrency of Boson Protocol, is listed on many different cryptocurrency exchanges. As an example of these; Platforms such as KuCoin, Bitfinex, Uniswap (V3), Huobi, Gate.io, Binance.US, Crypto.com Exchange can be given. Investors who want to buy BOSON Coin must first become a member of one of these exchanges. Account must be created and identity verified. After all the information is entered completely, the desired amount of BOSON Coins can be purchased on the trading page. Purchased BOSON Coins can be used in transactions or stored in secure wallets for later use.
