1.1 k views

We do not provide any kind of financial advice. Always DYOR.

Boui – A Voyage Across the Latest Innovative Platform Joining the NFT Market

NFTs have been around for a while, but the industry is still in its early stages. Many projects are popping up, and it can be difficult to tell which ones are worth investing in. This is because the NFT market is still very new, and there is a lot of speculation.

Today, we’ll look more closely into Boui, a project that caught our attention and will soon launch on the market.

Understanding Boui’s Approach to the NFT Industry

Boui is a new Southern California platform joining the NFT market. It is minting NFTs by leveraging artistic communities and artists. The art created by painters, graphic artists, photographers, and musicians will become available as NFT art. 

The project will link each collection to “the most uniquely curated assortment of luxury items and collectibles.” There will be an essential choice to make when using Boui. You can, for example, “burn” your NFT to have the item priority mailed to you. Alternatively, you can “Boui” your NFT to relist it for sale whenever you want and at any price you choose. 

According to the team, this new platform can potentially be a significant player in the world of NFTs. It strives to provide a unique service that could appeal to collectors and investors.

What do we know about Boui’s ecosystem? The subsections below will help us share more information on the matter.

A New Token Fueling the Project’s Ecosystem

The first thing we need to understand about this project is that it will soon launch its native token. The token is fully ERC20 compliant and completely decentralized. There is a total supply of 11 million tokens, and the team promised it would never create more coins. 

This limited supply will help ensure that the token’s value remains high, a common strategy in the crypto industry.

Interestingly, the team plans to generate hype by sharing a portion of all transaction fees with token holders. This is a great way to ensure that those who invest in the project get a reward for their support.

In addition, a portion of every transaction will also go to stakers. The more you stake, the more you earn, as we will explain in the dedicated section of this review.

Another way to use the Boui token is on the marketplace. Here, you will be able to purchase exclusive NFTs that you may use in a variety of ways.

The Team’s Future Expectations

The team’s future expectations are clear and concise. They have a well-thought-out roadmap that gives investors an idea of what to expect down the line. 

This is a strong selling point for the project. Specifically, it aims to indicate that the team is serious about their plans and committed to seeing them through. The group has already released a secure environment for customers to test out trading NFTs. 

Moreover, during the first stage, the group intends to launch an ILO to raise capital for creating the marketplace website. At this point, the team will be able to focus on making the platform more accessible to a broader audience. 

The team’s second phase includes a marketplace where Boui NFTs are available for trading. Also, the group is organizing its first in-person event, providing individuals with a new option to engage with the initiative. 

The ecosystem will substantially benefit the Boui people in the final stage through its staking system. This is fantastic news since it ensures that Boui token holders will gain financially from the network’s success.

Furthermore, the group will burn 25% of its total supply. Essentially, for every four tokens sold, one will disappear. This action aims to decrease the circulating supply of Boui tokens, increasing their value.

For Boui’s success, the third stage is crucial. If successful at this point, the platform has a chance to explode onto the NFT scene. In addition to the burning process, this might result in significant benefits for Boui token holders. 

The team’s plan culminates with the launch of the Metaverse store. The goods sold in this digital shop will be NFTs only. Each NFT purchased in the shop will also come with a fully functional 3D version for usage in the Metaverse. This way, people can have a property in the virtual and real worlds. The founders anticipate reaching this stage in the year 2023.

The Importance of Real-World Integration

According to the team, real-world integration sets Boui apart from other NFT marketplaces. The project offers users the chance to purchase NFTs on multiple devices from the comfort of their own homes.

This team gives high importance to this project component. The founders wish to provide users with the ability to use and experience the product in the real world.

The fact that the team expects to organize community events in 2023, for example, is also a huge plus. This strategy may help to increase the project’s visibility and attract more users.

Crypto Staking Opportunity

Staking cryptocurrencies has become a popular way to earn a passive income. This practice requires little to no effort on the part of the investor. “Staking” means holding funds in a cryptocurrency wallet to support the operations of a blockchain network. By doing so, stakers receive newly minted tokens for their contribution to the network.

The concept of staking is not new, but it has only recently gained popularity in cryptocurrency. Boui is planning to leverage staking to reward its loyal and active users. 

You may stake Boui tokens to earn a piece of every sales fee charged on transactions made on the marketplace. The more Boui tokens you stake, the more you stand to earn.

Staking also allows you to access exclusive NFT drops and events unavailable to most. This makes staking a very attractive proposition for those looking to get the most out of their investment in Boui.

Upcoming Marketplace Features

A fundamental part of the Boui ecosystem is its NFT marketplace. The platform allows users to buy, sell, and trade NFTs in a secure and regulated environment. The marketplace will feature a curated selection of NFTs from established and reputable vendors.

Furthermore, the system will provide physical storage for your collectibles. In addition, the marketplace will allow users to resell their NFTs. Finally, a Metaverse storefront will officially enter the project’s ecosystem in 2023.

The Boui ecosystem provides a unique and convenient way to invest in the burgeoning NFT market. The platform’s features make it an attractive option for experienced investors and those new to NFTs.

Wrapping Up

The Boui team is planning to launch its NFT marketplace in 2023. The platform will offer users a convenient and secure way to buy, sell, and trade NFTs. In addition, the marketplace will feature a curated selection of NFTs from established and reputable vendors. Finally, the system will provide physical storage for your collectibles.

According to the team, Boui has already confirmed interest from reputable vendors and manufacturers. This will bring new collaborations to the project’s marketplace. 

Ethereum live price
price change

The choice between “burn” or “Boui” gives users the freedom to choose how to use their NFTs. This aspect aims to reflect the team’s philosophy that “NFTs are for everyone.” The project’s website provides more information about the upcoming marketplace and the staking opportunity.

Disclosure: This is a sponsored post. Crypto Adventure cannot and does not contain financial advice. The information is provided for general informational and educational purposes only and is not a substitute for professional advice. Trading cryptocurrencies is a highly risky activity and can lead to major losses. Accordingly, before taking any actions based upon such information, we encourage you to consult with the appropriate professionals. We do not provide any kind of financial advice. THE USE OR RELIANCE OF ANY INFORMATION CONTAINED ON THE SITE IS SOLELY AT YOUR OWN RISK. Learn More

Stay up to date with our latest articles

More posts

Cardano’s Dexes to List First ADA-based Stablecoin Djed Next Week

DEXs, MinSwap and MuesliSwap, currently have $30 million and $6.5 million worth of liquidity locked in them respectively   On Thursday, COTI Network, the issuer of the Cardano-backed stablecoin Djed announced its upcoming listing on major DEXs MinSwap and Muesliswap. COTI also added that Shen, its reserve coin, would be on that listing. MuesliSwap to List DJED and SHEN On Thursday afternoon, COTI retweeted the MuesliSwap announcement that revealed the exchange’s plan to list $Djed and $Shen in the coming…

CAWS – The Cats and Watches Society NFT Collection by Dypius

Dypius has created an interesting concept for all cat and watch lovers - The Cats and Watches Society (CAWS) NFT collection. The team leverages Non-Fungible Tokens (NFTs) to represent cats with luxurious watches.  This new virtual society allows users to adopt their unique cats, play with their traits, and collect rewards. This review will explain how this NFT society works by examining its characteristics and benefits. The Launch of a New NFT Society The Dypius team created the "Cats and…

Roger Ver Responds to $20 Million Genesis Lawsuit: “I Have Sufficient Funds” 

Bitcoin Cash (BCH) advocate and so-called “Bitcoin Jesus,” Roger Ver, has broken his silence on his newly received summons from GGC International. The investor said that while he has “sufficient funds” to pay his stated debts, the details of his contract with Genesis make things more complicated.  Will Roger Ver Pay Up? In response to a Reddit post on the matter, Ver answered that he had the funds to pay all sums “allegedly owed,” and was willing to pay “what…

Drivechain: The Bitcoin Upgrade to End All Altcoins?

Bitcoin, the world’s first cryptocurrency, is sometimes criticized for having ‘outdated’ tech and a tendency to evolve slowly, relative to the rest of crypto. This leaves altcoin projects looking to build on Satoshi’s original invention room to differentiate and compete through added features – such as faster throughput, smart contracts, and tokenization.  However, a hotly debated Bitcoin upgrade called “Drivechain” seeks to introduce these benefits to Bitcoin by opening up its development possibilities in one fell swoop. What is Drivechain,…

Netflix, Apple, and WSJ Were Creditors to FTX, Filings Show

FTX’s lawyers have at last published a comprehensive, 116-page list of all creditors to the now defunct crypto exchange.  Though roughly 9.7 million customer names are left redacted, the filing shows that FTX’s connections spanned from airlines to universities, to media giants.  FTX’s Creditors The list, filed on Wednesday, shines a light on institutions invested in the company, per the request of Judge John Dorsey, who is overseeing the proceedings. During a meeting in early January, he allowed for the…

GDCC Team Explain Their Tokenomics Ahead of LBank Listing

As the GDCC token prepares to launch on LBank, its team proudly announced the details of the project's tokenomics. The GDCC token design integrates into the project's ecosystem and provides holders long-term sustainability. The team detailed the GDCC tokenomics to allow users to understand and appreciate its value. In addition, the listing will allow the GDCC project to further its mission of providing a digital asset platform for all users. The GDCC Tokenomics The GDCC team decided to implement a…

Tesla’s BTC Positions Remained Unchanged in Q4 of 2022

According to a new earning report from automotive manufacturer Tesla, the company did not sell any of its BTC holdings in the fourth quarter of 2022. Amid speculations that the company had traded BTC during the testing bears, CEO Elon Musk revealed it was yet holding on to its BTC stash. Tesla Maintains Holdings After Initial Sell-Off In Q2 of 2022, Tesla opted to sell 75% of all its BTC. The car manufacturer received close to $950M in exchange. Notably,…

Leaked Documents: BlockFi Has $1.2 Billion of Exposure to FTX and Alameda

Crypto lending giant BlockFi had exposure exceeding $1.2 billion to Sam Bankman-Fried’s collapsed FTX-Alameda empire. The figure exceeds the size of BlockFi’s previously stated exposure and amounts to nearly half of the company’s assets.  BlockFi’s Massive Exposure As reported by CNBC, documents detailing BlockFi’s exposure were meant to be redacted but were mistakenly published without the redactions on Tuesday.  The unredacted filing showed BlockFi held $415.9 million of assets linked to FTX, alongside $831.3 million in loans to Alameda, as…

Here’s When Grayscale Debates the SEC in Court on its Bitcoin Spot ETF

The District of Columbia Court of Appeals has marked a date for when Grayscale and the Securities and Exchange Commission (SEC) may present oral arguments regarding the approval of a Bitcoin spot ETF.  Each side will present its case at 9:30 am ET on March 7, with the SEC arguing against the product, and Grayscale arguing in favor.  Grayscale VS SEC The court date – revealed in a court order filed on Monday according to CNBC – is much earlier…

Europol Seizes $19M From Under-fire Exchange Bitzlato

The European Union Agency for Law Enforcement Cooperation released a statement on Monday detailing its latest action against troubled exchange Bitzlato. Per the release, Europol is now in possession of digital wallets holding $19M worth of crypto which, Europol alleges the firm procured unlawfully. Europol's latest release also claims that about half of Bitzlato's transactions are tied to criminal activities. Agencies Join Forces to Target Bitzlato The strike on the crypto firm occurred via an operation in which Europol was…