Bosagora is a decentralized blockchain platform designed to develop through democratic collective decision making. The project’s goal is to build the first actually equitable blockchain that is governed by the collective will of the platform’s users. Briefly speaking, Bosagora confers power to people who take advantage of their project.
Bosagora’s Congress Network
The team tries to achieve the main goal of the project with the help of Congress Network. This is Bosagora’s decision-making body, where all nodes can take part. They can create and vote on proposals to enhance continuously the software and project’s ecosystem, discuss and review them. If the system changing proposals are accepted by Congress Network, these proposals are automatically introduced to the network.
The project developers are aware of problems that may be caused by such kind of decision making. Poor solutions may be the result of incomplete information, the balance of power, various biases, and peer pressure. At the same time, they are sure they are able to make the project clear and transparent.
It is necessary to have 40,000 BOA frozen on your wallet to participate in consensus. The proposal is approved if the number of agreement votes minus those of disagreements exceeds 10% of the total available votes.
The BOA Token
BOA is Bosagora’s digital currency. This is the tool that lets its users manage the development of the project. It is used to set up a node, to pay transaction fees if necessary, to receive BOA rewards.
The initial supply of BOA is 450,000,000. It is issued on the ERC-20 platform, but it will be swapped to the project’s own standard after the mainnet launch. According to the BOA coin issuance plan, more than a half of the initial supply (54.5%) is allocated to confirmation reward, 36.4% is dedicated to the commons’ budget, 5% is taken for the airdrop, 0.6% is left in the reserve, Foundation and the team got 0.8% and 0.8% accordingly. 1.7% is left unclaimed.
As Bosagora is a BOS Platform Foundation’s project, it conducted an airdrop of BOA to BOS holders from May 16th to September 30th, 2019.
The coin is traded on several exchanges, such as Bittrex, Bithumb, GDAC, and Coinbene. As this is an ERC-20 token it can be stored on any wallet which supports Ethereum storage.
Bosagora is a project of the Bos Platform Foundation launched in April 2019. Its name is made of the words “BOS” and “AGORA” combined together. The Company is located in Zug, Switzerland, and stays under Switzerland jurisdiction. Its Principal Office is based in Seoul, the Republic of Korea.
Bosagora’s team consists of experts from 8 countries. Munsu Lee is the CEO of BPF Korea. Before joining the team he took senior positions at different software projects, such as G-Interface and Paxnet. He also took part in Korea’s first cloud filing system (OA-Master) development and Korea’s first intranet groupware (CyberOffice) development.
Mathias Lang is the CTO, and his professional background includes the position of Software Developer at Sociomantic Labs and Mobile Developer at Sogeti. Sanghoon Lee is the CMO, and before joining the team he was the Director of Marketing, PR and Exhibition at WCG (World Cyber Games).Read More