Boostcoin

FAQ

FAQ

Questions About Boost

We know that when it comes to investing in crypto, you have plenty of choices.

Here are the questions we most constantly get:

Boost coin is the native token to the Boost Ecosystem which will consist of state of the art defi products such as decentralized exchanges, farms and NFTs.

We are still in the early stages of the utilization of blockchain technology and there isn't a dominant entity which has eaten up this massive market. Our team has years of experience in the space and we are poised to disrupt it with our leading edge tech and design. We don't think about why boost coin, we think, "why not?"

You can do it in 4 simple steps:

  1. Create a MetaMask wallet

    You can create a MetaMask wallet using either your desktop computer or an iOS/Android mobile device. Conversely there are a few other wallets which you can use such as Coinbase, or Trust, however we recommend MetaMask.
  2.  Send ETH to your wallet

    You can purchase Ethereum (ETH) directly on MetaMask or transfer it to your wallet from exchanges such as Coinbase, Binance, Gemini, etc. Make sure you use the ERC-20 network when transferring ETH.
  3.  Connect your wallet to BoostSwap

    On our site, app.boostco.in/swap you’ll see a button that says “Connect wallet”. Once clicked, you can select MetaMask (or wallet connect if using a mobile device) to link your wallet to the Swap.
  4. Swap ETH for Boost

    Now you’re ready to swap. Your available ETH will display and the trading pair (ETH to Boost) will already be synced up showing the current rate of exchange. Click to execute, and you’ll receive a confirmation inside your MetaMask wallet. One you press confirm, that’s it! You now have Boost in your wallet!

Boost solves many of the issues that plague our economy at large such as corruption, manipulation, centralization and access. Our tools are borderless, without stakeholders and open-source, making them far superior to any technology which have preceded them, and will have the ability to evolve and scale quickly.

Tokenomics will be as follows: 1 Bln max supply, 11% taxes broken down as follows: 4% Marketing, 3% Development 2% Reflection 2% Market making. These are all subject to change as the project scales to allow it to become more transactional in nature and to get onto larger centralized exchanges. All of this will also be described in greater detail in our whitepaper and the road map

Boost swap is a decentralized exchange similar to Uniswap, SushiSwap, and Pancake swap. Our system takes a bit of the best components of our direct competitions, eliminating some of the features and functionality that have plagued them. We take it a step further by having one of the best UX and UI available to give us an additional edge. This will also drive more people to our ecosystem as we hope to be the preferred choice to swap cryptos for traders and holders.

Our goals are simple, to create a strong community which is inclusive and to nurture that community by providing support to it in the form of guidance from some of the best marketers, traders and coders in the space, by building the best tools available, and by rewarding the community and giving back.

Our advantage stems from the strong team of developers and marketers who have decades worth of experience between them, including people who have been in the crypto space since 2014, one who has worked on a top 50 by market cap coin, and another who worked on one of the first 100 cryptocurrencies in existence.

Boost will begin as a trade-able asset, which can be acquired by exchanging ethereum for it using Uniswap or our very own BoostSwap. Further trading pairs will be available in the weeks and months after launch. The utility of Boost shall be implemented further down the road as a tool to speed up and process transactions on our Decentralized exchange, as well as serving additional uses for upgrades and premium access to additional features being rolled out with future product releases.

Boost coin, as the native coin of the Boost Ecosystem will eventually have reduced taxes to ensure its ability to be used more transactionally. We anticipate this transition happening once most of the tools have been deployed. We expect this to occur gradually and in harmony with that growth. We believe that our development team has the ability to provide superior tools to those which currently exist and aim to be one of the largest platforms in the cryptocurrency space.

Boost Coin will eventually become a DAO (Decentralized Autonomous Organization) meaning its authority and governance will be ruled by token holders en masse, who will either choose a delegation to determine future developments and implement changes, or to hold the power themselves. In order to achieve this goal, a small group of dedicated and experienced developers will guide the project towards this goal. Additionally, we aim to have token ownership be decentralized and we are doing so in the form of maximum wallet sizes. There will be no single wallet that holds even 1 percent of the total supply ever.

Boost coin is being audited by Certik, one of the most reputable third party auditing firms in the world, and is an ERC-20 token, meaning that it is secured by the Ethereum network. Privacy is a feature of the network itself, however all transactions can be viewed at any time as the Ethereum blockchain is a public ledger. To us, it is the best of both worlds, providing privacy and security to all those who use it.

Yes! There will be a number of ways to earn passive income in the Boost Ecosystem, however the first will be simply hodling. With each transaction that occurs (buy or sell) token holders will be rewarded and can watch their wallet grow and grow! Eventually, this feature may be removed as we make the coin itself more transactional. However, it will be replaced with the ability to stake Boost to earn yield, to lend it in return for interest and much, much more! It is our hope that each and every member of the Boost family be rewarded for being a part of the growing ecosystem we will all build, together!