BOBT Early Investor TAN Chenhui Talks About Values Of Boboo Exchange And Its Major Equities

On March 20, 2020, the Boboo.com platform initiated the early warm up event for the launching of BOBT, the platform token of Boboo.com. The warm up will last 6 days with a generation of 1 million+ BOBT tokens and $200 million worth of USDT transactions. The concepts of co-construction, co-governance of Boboo.com have been largely shared and acknowledged by its users.

On March 26, to celebrate the official launch of BOBT, Boboo.com started a 10-day BOBT giveaway. Boboo.com has invited the TAN Chenhui, CEO of Bishijie, the largest crypto media in China, to share his unique understanding of BOBT.

TAN: new opportunities should contain reforms in service, team and community

In an overview shared with audiences, TAN Chenhui stated the rules of BOBT. He believes that BOBT gives a really simple rule — early Boboo.com traders should earn their fair share in BOBT, in the platform’s first 100 operation days.

Boboo.com will give away BOBT in the first 100 days. The undistributed tokens will be recycled and destroyed, which will lead to a steady price of BOBT.

No private placement. No team share. No channel to make purchase.

To understand the next opportunity in this market of the digital assets can help to gain capitals one step earlier. Huobi surpassed Bitcoin China through fee concessions. Binance developed rapidly through cooperation with projects. BitMex dominated the future swap business in the global market.

“It seemed to me that the next blue sea hides in consulting services and marketing. The platform that builds the best community will be likely to rise in the next round. In cooperation with strategic partners can help Boboo.com to grow into one of the best crypto trading platform. This is the main reason that Huobi former CTO HUO Jianhua, founder of Chuangshi Capital and I jointly agreed to make an investment in Boboo.com,” said TAN.

A rule that includes the users and shares with the users

In Tan’s view, getting rid of team share and private placement is the practice of decentralization. After all, it is the user who makes the biggest contribution when establishing the business. And it is also the user who can help to connect more users. All trading fees will be used to repurchase BOBT to reward users who had made a contribution in the process of Boboo.com’s development. Users, to any platform, should be its most valuable asset. BOBT can only be achieved through trading. BOBT’s future and price are completely decided by the development of Boboo.com.

TAN also shares his understanding with users who complains about the untradeable decision of BOBT in its first 100 days since launch.

“A well-developed exchange should hope that users can make money in the process of trading, and will do everything possible to help users make money with its ultimate service and product ideas.

Boboo.com encourages users not to frequently trade but to invite friends to gain additional rewards.”

In summary, TAN concludes that Boboo.com follows that very simple logic behind its business: Boboo.com hands the 21 million tokens in 100 days and let its value to be decided completely by the market.

Value investing with users

BOBT involves the secondary trading market. A continuous process of token repurchase and destruction can stabilize token price. Boboo.com platform uses 100% spot currency to repurchase and to destroy BOBT. TAN Chenhui reminds investors the differences between short-term speculation and long-term value investing. Boboo.com hopes to protect and maintain the users who want to support the development of Boboo.com for a long term.

TAN believed only two types of tokens have been verified as “valuable” in the blockchain market. Bitcoin has become a reliable alternative currency under the risk of global central banks’ excessive currency release. The other one is exchange platform token with mature business models. As long as all the continuous and stable transaction net fees are generated, the platform token has its value.

At last, TAN got back to talking about the initial idea of launching BOBT — “To co-build and co-governance with users.” The team wants everyone to build Boboo.com and share the long term stable value of Boboo.com. Without paying extra cost, users can earn BOBT through ordinary transactions. Boboo.com sees its users as its most valuable asset and aims to create and share values with its loyal customers.

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