SpookyToken
Spookyswap is the governance and revenue-share token for the Spookyswap exchange.
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- Asset Type: ERC-20
- Market Cap: $19.4M
- Fully Diluted Valluation: $26.8M
- FDV / MC: 1.4
- Ranking inside Exponential (excluding stables): #89
- Circulating Supply: 9,915,805
- Total Supply: 13,665,973
- Total Supply: 13,666,000
- Volume (24H): $559.9K
- ATH: $39.97 (01/16/2022)
- ATL: $0.29 (09/28/2023)
BOO is a low-cap asset that represents the blockchain`s native currency or monetary fee used to execute transactions on the network. This asset is exposed to the underlying risks of Spookyswap, a protocol rated as Watch out.
BOO has a fixed supply.
BOO is moderately correlated to the overall market.
What is BOO used for?
BOO is the governance and revenue-sharing token for the Spookyswap exchange. Stakers receive a portion of platform fees in BOO. The token can be used to vote on farming rewards via Snapshot, a DAO governance platform.
BOO tokenomics
The max supply of BOO is ~13.666M tokens. The initial supply minted 20% of the total supply and was distributed as follows: 7% to community airdrops, 5% to locked developer funds, 4% to BOO single stake initial farm offering (IFO), 2% to initial DEX offering (IDO), and 2% to new BOO bonus. The remaining supply will be minted over three years with the emissions distributed as follows: 72.7% reserved for LP farm rewards, 5.3% for developers, and 2% for the DAO.
How does BOO accrue value?
BOO is the governance token for Spookyswap and collects a portion of protocol fees. BOO stakers (xBOO) earn a portion of trading fees (0.03% of every trade). The staking pool takes the collected fees and market buys BOO and distributes to xBOO holders.
