This post covers:
- A quick Boson Protocol intro
- Tokenomics
- Token Release Schedule
What is Boson Protocol
Boson Protocol is Web3’s commerce Layer, enabling the decentralized commercial exchange of any physical thing as redeemable NFTs.
No need to trust centralised intermediaries or sellers. Instead Boson is an efficient, optimistic, fair-exchange protocol built using smart contracts encoded with game theory, with escalation to independent dispute resolvers.
Simply purchase the redeemable NFT and get the physical item, or your money back.
You can read our latest v2 White Paper.
About Tokenomics
Tokenomics is an important subject within the world of crypto and currently carries different meanings for different people. Some view it as “the study of how cryptocurrencies work within the broader ecosystem,” while others see it through a more narrow prism, as “the understanding of supply and demand characteristics of a given crypto asset”.
While we subscribe to the broader definition and believe Tokenomics to be one of the critical foundations for the success or failure of a token and ultimately the ecosystem that it powers, this post focuses specifically on the supply distribution and allocation aspects of boson tokenomics that cater to our broader community.
Overview of Token Holders and the Boson ecosystem
Within our token ecosystem we have a number of participants that are being rewarded for fulfilling essential roles. This table outlines the high level breakdown, and these roles are explained further below:
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Early supporters and investors
Early supporters and investors funded the initial development of Boson Protocol.
Founders and team
Team tokens are used to incentivise anyone who contributes to the project. In addition, our founders, Justin Banon and Gregor Borosa, started working together on Boson in early 2019. Founders and Team tokens vest over a 4.5 year period, with an initial six month cliff.
Advisors
Our Advisors are playing an essential role in developing Boson. We consider ourselves lucky to have some of the greats in web3 supporting us in turning the vision of decentralized Commerce into a reality. This pool of incredible talent consists of Token Engineers, web3 founders, legal experts, product owners, as well as future advisors that will support the development of a thriving dCommerce ecosystem
Our advisor team includes thought leaders in academia and accomplished practitioners in Blockchain and beyond. We’re honored to be able to count on their extraordinary capabilities and to have them as valuable allies in the quest for the decentralization of commerce.
Network and ecosystem rewards
To fund the wider development of Boson Protocol through its journey of progressive decentralization as outlined in Boson Protocol’s Path to Decentralization post and the continued development of the dCommerce stack, 43.4% of boson tokens are for Network rewards and ecosystem development.
Vesting table
Our philosophy is around incentivising network participants for long term alignment with the development of the ecosystem.
Token release schedule
The total token supply is 200 million. Below you can see the token release schedule:
About Boson Protocol
Boson Protocol enables you to build commerce applications that anyone can use and everyone can trust. Decentralized Comerce enables a new world of commerce that bridges the on-chain and off-chain world.
Easily add dCommerce capabilities to your dApp, build a web3 marketplace or even create your own loyalty program where your customers can redeem real-world rewards in a Web3-native way.
Want to Build on Boson?
- Sign up for the Boson Protocol v2 Launch Partner Program
Keen to learn more?
- Download the Boson Protocol v2 whitepaper
- Watch the Boson v2 whitepaper keynote at EthCC[5]
Stay close: Telegram | Boson Protocol Twitter | Portal Twitter| LinkedIn | Website | YouTube | Discord
