About BODAV2 Boda Token (BSCgem) rewards in BUSD
The Boda Token (BODAV2) rewards in BUSD for each buy and sell transaction, the selling tax is higher to incentivize holding and reward diamond hands with a whopping 19% BUSD from transactions.
HarrEGC
Audited by Certik and Dessert Finance, BODA V2 is a passive income BUSD rewards token on the Binance Smart Chain.
Boda Token is the first reward token to create a two-tier rewards system where BODAV2 holders simply hold their tokens in their wallets to earn passive income.
BODAV2 Tokenomics
Earn BUSD
Earn Binance-Pegged USD automatically by holding your BODA V2 tokens.
6% of every buy order is paid in BUSD to holders automatically, as well as a bonus 13% BUSD from every sell transaction. The extra BUSD received from sell orders is there to reward long-term diamond hand holders. You can now view your holdings on the BODA V2 Dashboard dApp.
Auto-Burn
2% from every Buy & Sell order is auto-burned. This means that BODA V2 is a hyper-deflationary token where overall supply will continue to decrease over time.
Burning supply and removing it from circulation means that the overall value and scarcity of the token will increase with each transaction, as will the per-token share of rewards for holders.
Less tokens in supply = more rewards for holders.
Weekly Manual Supply Reduction
Marketing & Development
1.5% of Buy & Sell Orders go toward the Marketing and Development fund. These funds also earn BUSD, reducing the need to sell BODAV2 tokens to cover marketing and development costs.
Future developments include funding for the NFT Marketplace, NFT Video Game, and upcoming Mobile App.
Yield Farm Funding
1% from every Buy and 2% from every Sell will go toward maintaining the BODA V2 Yield Farm supply.
This will ensure that the Yield Farm will never run out of supply, allowing holders to continue earning for the life of the token.
Token Buy Back
Revenue collected from sources such as the Merchandise Store, Yield Farm, NFTs, and BODA Swap Exchange will aid in the purchase of BODA V2 tokens directly from the liquidity pool. This is commonly known as a token buyback. Token Buyback will occur every 3 months.
Boda NFT Marketplace
The BODA team is currently building a cross-chain NFT marketplace. Below is a report on the development progress with the marketplace.
Boda Swap DEX
Boda Swap is a Decentralized Exchange (DEX) without slippage, allowing users to gain more tokens per swap.
Safemoon & BabyDoge were the first tokens to be listed, Boda Exchange adds new tokens to the swap regularly.
On-ramp cash to crypto with the portal connected to the swap exchange allowing users to purchase crypto directly with Fiat payments.
NFT Video Game Utility
The team has stated that they are working on a multiplayer NFT survival game, where in-game items are NFTs that players can own and trade.
Items have real-world value and can trade in-game with Boda Tokens.
I speculate that the game will be released after the marketplace so the two utilities can benefit from each other, creating a stronger DeFi ecosystem.
