Boson Protocol set out to transform the e-commerce landscape by utilizing blockchain technology to bridge traditional and digital marketplaces to create a more efficient and user-centric online shopping experience. The network uses NFTs to guarantee purchases, cuts out the middleman, lowers costs, and speeds things up.
Today, we will be taking a closer look at the Boson Protocol to learn what it is all about and how it works. We shall also explore its native BOSON token, predict its price between 2024 and 2030, and list exchanges where it can purchased and traded, before determining whether it is a credible cryptocurrency investment.
So, without further ado, let’s get started.
What is the Boson Protocol?
Boson Protocol is designed to transform the e-commerce sector by providing a decentralized solution that bridges traditional and digital marketplaces and removes the middleman through a unique tokenization solution for products and services.
The network’s main aim is to eliminate the intermediaries that generally make e-commerce a complicated and expensive process. This goal is achieved through a novel commercial interface that uses tokenized futures contracts, wrapped as NFTs, to represent a commitment to purchase and sell goods or services at a later date.
These NFTs can be redeemed for the physical good or service the buyer wants. The mechanism applies to whoever owns the NFT, meaning the digital asset can be traded.
Furthermore, Boson provides what is called a planetary-scale Web3 commerce data marketplace, which is essentially a marketplace for trading user data. It allows users to share their data and receive an equitable reward for their contribution.
How Does the Boson Protocol Work?
The Boson Protocol leverages blockchain technology to enhance e-commerce and empower users. Let us take a look at how it works.
The network provides the infrastructure for DeFi commercial transactions and data transfers through tokenized exchange vouchers, also known as commitment tokens. Buyers and sellers lock their deposits in these NFTs to guarantee that they will fulfill their side of the bargain. These deposits are held in smart contracts, thereby eliminating the need for any trusted intermediaries.
Boson has a dispute resolution system that settles any disagreements or disputes between buyers and sellers. Tying everything together is the BOSON token that fuels the ecosystem. It can be staked to avail discounts on transactions and participate in governance.
BOSON accrues its value from the “minimally extractive” fee that is generated when each transaction is processed and user data is sold on its marketplace.
What is the Boson Protocol (BOSON) Token?
BOSON is the native utility and governance token of the Boson Protocol. Cryptocurrency is used to perform transactions, buy and sell goods and services, issue commitment tokens, and governance.
BOSON holders gain voting rights on the blockchain’s decentralized autonomous organization (DAO), where they can help decide on governance decisions. The token can be staked on the protocol by users to earn a portion of the transaction fees.
BOSON has a total supply of 200 million tokens, with a market capitalization of $51.67 million. Currently, there are 129.44 million tokens in circulation, which have attained a trading volume of $976,082 over the last 24 hours.
Boson Protocol (BOSON) Price Prediction: 2024, 2025, 2026, 2027, 2028, 2029, 2030
At the time of writing, BOSON is trading at $0.3992 – up 18.34% in the last 24 hours. Based on its current valuation, we have projected the minimum, average, and maximum prices at which the token could be changing hands between 2024 and 2030.
Note that the numbers given below are speculative and could change depending on how BOSON performs in the market.
| YEAR | MINIMUM PRICE | AVERAGE PRICE | MAXIMUM PRICE |
|---|---|---|---|
| 2024 | $0.1917 | $2.19 | $3.33 |
| 2025 | $0.07451 | $1.88 | $2.28 |
| 2026 | $0.5882 | $0.5930 | $1.86 |
| 2027 | $0.2057 | $6.60 | $7.16 |
| 2028 | $3.43 | $4.40 | $6.50 |
| 2029 | $1.91 | $1.91 | $4.36 |
| 2030 | $0.04818 | $10.31 | $10.92 |
Where to Buy Boson Protocol (BOSON) Token?
BOSON can be purchased and traded on the following cryptocurrency exchanges:
- Gate.io
- HTX
- Bitfinex
- KuCoin
- MEXC
- Crypto.com
- Binance
- XT.COM
- Uniswap V3 (Polygon)
Is Boson Protocol (BOSON) a Credible Cryptocurrency Investment?
Boson Protocol leverages blockchain technology and smart contracts to transform the e-commerce sector by creating a more streamlined, secure, and potentially cost-effective system for online transactions. Most importantly, it puts users in control of their data and the marketplace, essentially removing the middleman.
Its user-centric approach is strengthened by a community-driven governance model. Boson uses smart contracts to create an agreement between buyers and sellers to fulfill their commitment, which by itself is an NFT that can be traded.
Overall, the Boson Protocol looks to be an innovative blockchain project that is set to revolutionize e-commerce. I would recommend BOSON as a credible cryptocurrency investment for the long term.
Just like every other cryptocurrency, BOSON is also prone to the extreme price dynamics of the crypto market. Therefore, you must thoroughly research the Boson Protocol to understand its pros and cons before making any investment decision.
Read more: Wemix (WEMIX): Price Prediction 2024-2030, Where To Buy, Is It A Good Cryptocurrency Investment?
