Evangelism No. 35 | Dialogue with Bo.net

The following is the interview transcript:

Preaching Finance Orange: Dear friends, good evening. I am Preaching Finance Orange.

Today, Budao Finance is honored to invite Rita, the business director of Bo.com, to share relevant information about Bo.com with you. And Xiaojing, the first goddess of Coin World Operation, is the host of today~

Host Xiao Jing: Hello, good evening to all the friends of Budao Finance! ~ I am the goddess Jingjing from the Coin World. Yes, I am not the Jingjing you think of. It is Jingjing who wants to be quiet, not Qian from A Chinese Ghost Story. Haha. I am very fortunate to be invited by the little sister of Budao Finance to be the host of this episode.

This is the 35th live broadcast of Budao Finance. Today, our guest speaker is Rita, the Chinese director of Bo.com, known as Bojie. Let’s talk about Bojie. Hahaha, we have known each other for a long time. Today is our first joint live broadcast in the cryptocurrency circle! When I posted on WeChat Moments yesterday, an old colleague from Huobi commented on my WeChat Moments, saying that our partnership might lead everyone astray. Haha, I hope we won’t lead our friends astray.

This episode of our live broadcast consists of: guest sharing session, two rounds of lucky draw, quick answer session and Q&A session. In each session, our Bo.net sister Bo has brought you different gifts! ~ There are cash red envelopes, Bluetooth speakers, teapots and Bo.net's popular token ECOC. Today's live broadcast has a lot of practical information and prizes.

Our first round of lucky draw will be held at 7:30 on time, and the prizes are fashionable Bluetooth speakers, teapots, and books! ~ Friends who haven't participated yet should hurry up and participate.

Now, I would like to invite my old partner, Sister Bo, to come on stage and introduce her to everyone. Welcome everyone.

Guest Sister Bo: Hello, all the big names in the Evangelistic Finance Evangelistic Community, good evening. I am RITA, the market operations director of Bo.com. Friends of Bo.com will add me Sister Bo in a friendly way. You can also call me that. I was responsible for market operations at Huobi.com for more than a year in 2015 and 2016. I am also an old blockchain leeks, and I have been struggling in the market.

Host Xiao Jing: Thank you very much, my dear sister Bo. Recently, Bo.com has made a lot of moves in the cryptocurrency circle and is very popular. Many friends must have heard of Bo.com, but there are still some friends who don’t know much about Bo.com. Please introduce Bo.com to the friends in detail.

Guest Sister Bo: First of all, thank you all for your support for Bo.com. Most of the friends in the group may have heard of Bo.com, but they may not know much about the recent development and current status of the Bo.com platform. Next, let me give you a brief introduction.

We, BoNet, are the world's leading digital financial service platform. The core team comes from globally renowned Internet companies such as Microsoft and Alibaba, as well as blockchain financial companies such as Huobi and OKEx. BoNet is also jointly invested by Sun Zeyu of Genesis Capital, Tan Chenhui, CEO of CoinWorld, and Ju Jianhua, former CTO of Huobi. It integrates the transaction depth of major platforms, with a single currency pair matching performance of up to 3 million transactions per second, and the transaction depth exceeds that of mainstream exchanges. BoNet has now launched spot trading, USDT perpetual contracts, coin-based perpetual contracts, simulated contracts, OTC and other businesses and one-click trading of high-quality assets. Against the backdrop of the halving of the cryptocurrency market, the boboo.com exchange has become unprecedentedly popular, with popularity and traffic surging against the trend. In the first quarter of 2020, the platform's platform coin BOBT was released. Because of the operating model of our platform coin, it was jokingly called the most sincere platform coin in history by fans, and it was also rated as the most undervalued platform coin in history. At the same time, we added 400,000 new users in the first quarter. Just this month, boboo.com exceeded 1 million in just 8 months, giving investors a satisfactory answer.

Host Xiao Jing: After Sister Bo's introduction, we can see that there are indeed people behind Bo.com. Bo has always had a good reputation in the cryptocurrency circle, and Bo's development is indeed very rapid. It has exceeded 1 million users in less than 8 months. Sister Bo, how did Bo manage to turn the tide in such a market environment?

Guest Bo Jie: As we all know, there are actually a lot of exchanges in the current market. They have occupied a large part of the market through different means. So where exactly are the opportunities for emerging exchanges?

In fact, looking back at the development history of exchanges, different stages have different methods. For example, in the first wave, Huobi surpassed Bitcoin China by offering preferential transaction fees. Later, there was Jubi and Binance, which developed rapidly together with project parties and some currencies. Bitmex was one of the earliest exchanges to launch futures transactions at that time, and it grew rapidly through the promotion of futures in the global market.

As for BoNet, how to understand the competition in the trading market and the future of the exchange? We were also thinking about this issue in the early days of BoNet. What kind of changes will happen in the industry in the future? Can BoNet seize this opportunity? In fact, you can see that BoNet's user service has always been very good. You can also see that BoNet's friends are serving everyone wholeheartedly in the group, responding promptly and providing considerate service. At the same time, because of the high-quality service, we have cultivated a lot of loyal fans. We believe that in the next round of process, based on good service to users, especially similar investment advisory services, coupled with the method of community co-construction, we can rise in the formation of this exchange in the future.

So our investors have contributed their own strengths and advantages. For example, Mr. Ju Jianhua and I worked together at Huobi before. He was responsible for the technology. After he left, he founded BHEX. He has very advanced experience in the exchange infrastructure and technology in the market. Therefore, Mr. Ju provided great support for BoNet's technology and deep liquidity. He personally built the BoNet system, which made the stability of our entire system among the best in the market. It also helped us integrate the depth of the entire network, making BoNet's trading liquidity comparable to several large exchanges. And Coin World, founded by Mr. Tan Chenhui, provided strong support to BoNet in user services and media traffic, including providing BoNet with many excellent analysts to cooperate with and provide high-quality investment advisory services to BoNet's users. Mr. Sun Zeyu has always been investing in assets, which is very helpful to BoNet. The comprehensive experience and capabilities of several of our investors have been given to BoNet, helping BoNet to quickly stand in the same position as first-tier exchanges. To compete and have a place.

At the same time, I think the platform coin BOBT we released in March this year is undoubtedly a major booster for the development of Boboo. The design model of BOBT also fully reflects the concept of Boboo, co-governance, co-construction, win-win and sharing with users. On March 26, 2020, we officially launched the most sincere token in history, Boboo Token, referred to as "BOBT coin". The total issuance is 21 million, paying tribute to BTC, and will never increase. The BOBT platform coin adopts a 100% full gift, full repurchase, and full transparency mode. The 21 million platform coins BOBT are all given away through mining, and those that cannot be mined will be directly destroyed. In the future, Boboo will also take out 100% of the net income from currency transactions every week to repurchase and destroy BOBT, thereby sharply reducing the total number of tokens and increasing the value of BOBT.

Host Xiao Jing: After listening to Sister Bo’s introduction, many friends said that they are still curious about what kind of model BOBT is and why BOBT is said to be the most undervalued platform coin?

Guest Sister Bo: I believe that friends who are familiar with us at BOBT know that our code of conduct is to achieve perfection in everything. So let me give you a detailed introduction to the operating mechanism of BOBT, so that everyone can see how we achieve perfection in the design process of BOBT.

The rules of BOBT are actually quite simple. Within 100 days, everyone can trade coins in BoNet and then get BOBT for free. After 100 days, if the BOBTs are not given away, we will destroy them all. Then, after the gift period, we will open the secondary market and the repurchase and destruction market. The repurchase and destruction price is rising steadily. Another thing is that the repurchase and destruction market is actually supported by the coin-to-coin transaction fees of the BoNet Exchange.

During the issuance phase, we at BOBT decided to give away 100% of the tokens. We at BOBT will not engage in any form of private placement or ICO, nor will we retain any share. Even the official BOBT team has not retained any share. If our employees want to obtain BOBT, they can do so through currency-to-currency transactions in the same way as users. I believe that none of the platform tokens you have seen or participated in are as open and fair as BOBT, with unified rules and to such an extreme.

So, as you can see, BoNet does not set the price for BOBT, but leaves it to the market. It leaves it to the market to set the price.

According to the current situation of giving away BOBT in this bear market, the maximum number of BOBTs given away is only about 3 million. More than 10 million will be destroyed. Think about it again, in the past six months or less, BOBT has developed its user base to 1 million users worldwide without any other means. This is real and not bragging. In such an exchange, even if you look at the cost of transaction fees, the entire platform currency may cost only more than 10 million RMB. In this market, we all recognize that the BOBT team may be worth this much money in the bear market. If it is in the form of ICO or IEO, I believe that BOBT's platform currency, simply based on the valuation of 1,000 US dollars, will be easily sold out. But what can he do if he sells it? The traditional way of investment usually comes from the reason why tokenfond encounters some problems, which is that you say you enter the market first and then you can eat the people behind.

As for BoNet, it actually wants to develop in the digital currency trading market for a long time. For it, every user who supports it is its most valuable asset. Therefore, there is only one way to obtain BOBT in it. Only one way is to do currency-to-currency trading on BoNet. Then it will be given to you. For users, you don’t need to pay any cost. You can get it naturally by doing transactions, and then you can share the value of BoNet’s permanent development.

During the gift period, for every 1USDT of handling fee generated through currency-to-currency transactions, 1BOBT will be given by the platform. At the same time, we also welcome users to introduce BoNet to more investors who recognize BoNet's philosophy. If you invite friends to perform currency-to-currency transactions and generate 1USDT of handling fee, you can get an additional reward of 0.3BOBT. The entire process will be publicly announced on the platform and will be open and transparent. The gift period officially starts on March 26 and ends on July 3, a total of 100 days. If there are still unproduced BOBTs at that time, they will all be destroyed. They will not flow into the market. At present, there are only 3 days left in the gift period of BOBT. If you still want to get BOBT for free, don't miss the opportunity in these few days.

Host Xiao Jing: I heard that many shareholders of BOBT are big names in the cryptocurrency circle. Now there are only 3 days left to mine BOBT. So for shareholders who already hold BOBT, how much room for appreciation will BOBT have? How can the value of BOBT be guaranteed?

Guest Sister Bo: After talking about our output mechanism, the following is the value support of our BOBT. That is, after all 21 million BOBT are produced or the output time is over, we will enter the stage of full repurchase and destruction of extreme deflation and free circulation. At this time, BOBT will be listed on the currency-to-currency trading pair, and we will take out all (100%) of the net income of currency-to-currency trading fees of BoNet, and permanently use it to repurchase and destroy our BOBT. Why do we need to design a secondary market and a repurchase and destruction market in the mechanism? Everyone knows that the secondary market is relatively irrational. If you look at the recent rise and fall of Bitcoin, you can find that it is very irrational. However, the development of an exchange is relatively stable and sustainable. So BoNet actually hopes to embrace the interests of users who have supported the development of BoNet for a long time. If the secondary market wants to speculate, we will leave it to the secondary market speculation, and if it is value investment, we will leave it to value investment.

Therefore, we separate the repurchase and destruction channel from the secondary market, and the repurchase and destruction is supported by the net income of all currency-to-currency transaction fees of BoNet.

At the same time, in order to protect the rights and interests of all our investors, we set the initial repurchase price at 1.2 U=1 BOBT. And the weekly repurchase price continues to rise. Repurchase price increase mechanism: 2.5% per week in the first year, 1.25% per week in the second year, and the expected repurchase price will rise to 4.28 in the first year and 8.17 in the second year. The platform will set up a community committee in the first year after the platform coin giveaway begins, and the subsequent repurchase and destruction price increase mechanism and change mechanism will be decided by the community co-governance and co-construction committee.

From my point of view, from the perspective of investment, there are only two types of coins that have been verified. One is the concept of currency like Bitcoin. Under the risk of excessive money issuance by central banks around the world, it has become a reliable alternative currency concept. Another proven business model is the exchange in the blockchain. As long as it has the value of continuous and stable transaction fees, these two types of things are actually the methods that can be verified in the entire blockchain world. As for BobT of BoNet, in fact, the first aspect is the token. But it is supported by the solid net income of BoNet's permanent currency transaction fees. This is a mature business model. As long as BoNet develops well, BOBT will definitely be valuable. And the value can be gradually and steadily increased. Well, on the other hand, the simple and beautiful mechanism of BoNet actually reflects a very simple thing. BoNet wants to develop with users for a long time. It does not cut off its own users. It's that simple.

Actually, many people asked me if I have any shares. Actually, I don’t. I now have more than 1,000 BOBTs, which I got from trading on BoNet. This puts every user in an equal and fair environment. If you make a contribution and become a trading user of BoNet, you can stay with BoNet for a long time and share the value brought by BoNet’s long-term development. This is my brief introduction to BOBT. You may also try it. I am very happy to come to 41 Finance today and talk with you. Then I will take out some of the BOBT I dug out and give it to my friends in our group, so that everyone can become a shareholder of BoNet first~haha.

Host Xiao Jing: For those who haven't mined BOBT yet, how can you get BOBT? How can you participate in the BOBT giveaway?

Guest Sister Bo: [Highlight the key points: How to get BOBT? ]

1) You can get BOBT for free by trading coins on Boboo.com~

2) If the transaction generates 1U handling fee, you will get 1 platform currency BOBT

3) Invite friends to get an extra 30%

I believe that through what I just introduced, you can feel from the design of BOBT that BOBT is the ultimate way to realize the concept of co-construction, win-win and sharing among our community users, BoNet and BOBT.

This is my understanding of BOBT. It is very simple. Let's build BOBT together and share the value brought by BOBT's long-term development forever.

For users, you don’t need to pay any extra costs, you just need to do normal transactions on BoNet. This is the greatest value of BoNet itself. It has the greatest value, which is these loyal users. These loyal users create value, and then everyone shares it together.

Host Xiao Jing: Thank you for introducing BOBT and BOBT to everyone with such a warm and sweet voice, and for bringing everyone to make money and fly together. Friends who have not yet become BOBT shareholders should seize the last 3 days! ~ Opportunities are rare and will never come again!

Finance Orange: This live broadcast ends here. See you next time! Thank you to Sister Bo for sharing tonight and to Goddess Xiaojing for hosting. We would also like to thank the following media friends for their strong support!