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What the BOO token is used for?

How SpookySwap uses the BOO token. SpookySwap is a DEX and yield farming protocol on Fantom blockchain.

BOO token is

BOO Is the governance token of SpookySwap.

BOO token is used for

  • Fees (future)
  • Governance
  • Yield farm

How could value accrue to the BOO token?

Fees

  • Transactions fees (collect a portion of protcol fees)

Staking

  • 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.

Yield farm

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.

Token Isssuance

MAX supply: 13 666 000

Issuance

  • 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

IDO: $$0.18

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BOO token price

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