What Is BOSAGORA (BOA)?
BOA is the native token of BOSAGORA, which is a decentralized blockchain platform that focuses on providing its users with a democratic voting process based on the concept of a decentralized autonomous organization. BOSAGORA refers to itself as a “project enabler.”
Care to see the live BOA price? Look up at the BOSAGORA price chart featured above.
Democracy, transparency, and fairness are some of the main principles of the project. Initially, when the project launched in 2019, its name was just BOS. However, it was then changed to BOSAGORA by adding “agora,” which is a word that describes an assembly place where people used to gather in ancient Greece. In essence, this word represents the birthplace of democracy.
How Does the BOSAGORA Network Function?
The BOSAGORA network consists of three main parts – Trust Contracts, modified Federated Byzantine Agreement (mFBA) consensus algorithm, and the Congress Network.
Trust Contracts are utilized in both – the Congress Network and the consensus algorithm of BOSAGORA. The contracts can be easily developed using a creation engine built into the platform. Besides, they are securely executed on a protocol layer.
The mFBA consensus mechanism is a modified version of the Federated Byzantine Agreement (FBA). The sole difference between the latter and the traditional BFT algorithm is that FBA does not necessitate unanimous consent from all participants. However, BOSAGORA modifies FBA even more by implementing the Proof-of-Stake algorithm.
The Congress Network is the collaborative decision-making system of BOSAGORA. It essentially is the place where proposals for changes are created and where they are accepted or denied by the community.
Use Cases of BOA Tokens
The BOSAGORA tokens are primarily used for the governance of the project. In addition to that, they are an important part of the consensus mechanism. This is the case because, in order to become a validator, a user has to stake a minimum of 40,000 BOA tokens. Besides, for staking and securing the network, validators are rewarded with BOA coins.
Don’t forget to check the current BOA price featured on the BOSAGORA price chart above.
Tokenomics of BOA
The initial total supply of BOSAGORA tokens is 450 million. 54.5% of the supply was dedicated to confirmation rewards, while the remaining portion was set aside for token burns, bounty rewards, the foundation, the members of the platform, marketing purposes, and the Commons Budget.
These are the project's quantitative metrics of its official X account that can be used to trace regular or artificial Social activity & growth within the project.
Followers
16.83K
Followers: 16,834
0.09%
Following
113
0.00%
Posts count
1,812
0.06%
These are the project's quantitative metrics of its official Reddit account that can be used to trace regular or artificial Social activity & growth within the project.
Subscribers
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Currently, official BOSAGORA (BOA) Reddit Stats account doesn't exist or wasn't submitted. 🔆 Submit Now
These are the project's quantitative metrics of its official Telegram account that can be used to trace regular or artificial Social activity & growth within the project.
Members
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Title
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These are the project website's metrics based on Ahrefs Rank. They're used to trace website activity & growth within the project. DR (Domain Rating) metric is a sign of the project's website reputability that is ranked from 0 to 100 (the higher the rank, the better reputability). Organic Traffic - is a metric of how many monthly users visit the project's website via search engines. All these metrics are used for determining active or passive projects despite the artificial hype.
Website Rating (DR)
41 / 100
0.00%
Ahrefs Rank
1,477,831
3.21%
Organic Traffic (mo.)
0
These are the project's quantitative metrics of its Organizational GitHub Public account that can be used to trace regular or artificial development activity & growth within the project.
Public repos
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These are the project's quantitative metrics of its official GitHub Public Repositories that can be used to trace regular or artificial development activity, growth & popularity of the project.
Stars
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Watchers
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Forks
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BOSAGORA hot topics
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@BOSAGORA1 posts