Boo Finance

Boo Finance

BOOFI
$0.001937961%5.20

Key Metrics

Price$0.001937961
Real Volume (24H)$0
Marketcap$19,466.33
Fully Diluted ValuationN/A
ATH$8.13
ATH Date1/2/2022, 7:58:52 PM
ATL$0.00168256
ATL Date1/5/2023, 11:30:41 PM
Circulating Supply10M
Total Supply10M
WebsiteN/A
WhitepaperN/A
Popularity Rank3975
Chart
What is Boo Finance?

The platform offers a range of cutting-edge products, including Vampire Farms, Stake, Well of Souls, Deflationary NFTs, BooFight and Boo Council (DAO).

Avalanche chose its network because it offers the highest speed and lowest gas costs of any truly decentralized blockchain on the market. Increase your efficiency with vampire incentives and other special perks. Get extra value from Trader Joe's by taking advantage of Vampire Farms.

When you stake your BOOFI, you will receive zBOOFI in return. This ticket gives you access to the best of Boo Finance. Stake your zBOOFI to earn BOOFI rewards. Whoever collects the most prizes climbs to the top and becomes the Best Necromancer! Top Necromancers earn even more unique rewards.

The platform offers NFTs with limited use in a game dApp. The more you fight and die with them, the faster they disappear. Fight ghosts with other players and earn BOOFI rewards.

The Boo Council is responsible for making long-term decisions and managing Boo Finance. It is the governance of Boo Finance and ensures transparency and fairness in all operations.

The traditional financial system has failed everyone. Wall Street and the government are diluting savings and excluding people from access to credit and reasonable interest rates. But BooFinance has built a new financial system that doesn't care who you are, where you come from or how much money you have. Rules are transparent and act fairly.

When you stake BOOFI, you get zBOOFI in return. The value of zBOOFI is increasing all the time against BOOFI which gives you access to Boo Finance's greatest strengths. The value of your rewards is increasing all the time as Vampire Farms provides rewards on zBOOFI.

It has implemented a Dynamic Withdrawal Fee to discourage "farm and dump" practices. zBOOFI -> When you remove your stake from BOOFI, you must pay an ever-changing fee. This fee is based on the percentage of zBOOFI unused in the last three days, including the currently unused amount. The Dynamic Withdrawal Fee ranges from 1% to 25% and manages to put deflationary pressures on the BOOFI token as less value leaves the ecosystem. Investors holding onto their zBOOFIs see compound growth of their investments through this mechanism.

There is a fixed limit of 10,000,000 BOOFI coins on the platform. 51% of the total supply is allocated to Kazan rewards, which promotes liquidity on the platform and therefore increases Total Value Locked (TVL). It has allocated 20% of the supply for the initial token sale and private sale to early investors. The remaining 29% of the tokens will be used for team incentives, partnerships and future developments. He believes that having a limited supply of BOOFI tokens will increase their value over time and provide a stable and profitable investment opportunity for its users.

All in all, the BOOFI token is a unique investment opportunity for those who want to enter the DeFi market. With a fixed cap of 10,000,000 coins and the majority of coins allocated to Cauldron rewards, the BOOFI token promotes liquidity within the platform and therefore improves Total Value Locked (TVL). The BOOFI token provides a stable and profitable investment opportunity for users and allows its value to increase over time. By allocating a significant portion of the token supply to team incentives, partnerships and future developments, it aims to create a robust ecosystem around BOOFI where users can safely trade, share and invest.

Disclaimer

The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.

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