BOO token is
BOO Is the governance token of SpookySwap.
BOO token is used for
- Fees (future)
- Yield farm
How could value accrue to the BOO token?
- Transactions fees (collect a portion of protcol fees)
- Single staking for emissions
What is SpookySwap?
SpookySwap is a DEX and yield farming protocol on Fantom blockchain.
How SpookySwap works
Like other DEXes users can
- Provide liquidity to earns fees.
- Swap tokens
- Yield farm to earn emissions of BOO token.
Fantom block times vary between 1s – 20s depending on usage. When usage goes up and block times go down, trading of SpookySwap will be fast and with less front running.
Emission will take place over 3 years starting at ~0.3 tokens / s.
Holders can stake their tokens to earn more in the single-sided staking.
MAX supply: 13 666 000
- 72.7% – LP Farm Rewards
- 3.3% – Developer Funds
- 2.0% – Monthly Grants
- 7% – Aidrops
- 5% – Locked dev funds
- 4% – Single stake IFO
- 2% – IDO
- 2% – Bonus