BOSONBoson Protocol (BOSON) Price

1. Project introduction

Boson Protocol is a decentralized protocol which enables the trust-minimized, automated execution of off-chain actions; which in turn can be seen as a general purpose solution to the physical asset oracle problem.The design of Boson’s core smart contracts is unopinionated, and therefore supports the execution of any type of off-chain action. Boson is therefore extensible to a wide range of domains and can support myriad use cases.

However, the initial focus for Boson Protocol v2 is decentralized commerce (dCommerce). Boson v2 represents a foundational primitive connecting Web3 with real world commerce. That is, Boson Protocol enables smart contracts to execute off-chain commercial transactions with strong and verifiable guarantees about payment for and receipt of assetsBoson Protocol's exchange mechanism enables anyone to trade physical products for on-chain value by tokenizing a commitment to exchange as an NFT. Users can monetize their own commerce data by voluntarily opting into Web3 data marketplaces, giving them an equitable share of the proceeds from their activities.

2. Application

The BOSON token is the core economic unit of the Boson ecosystem. It is used to govern the ecosystem, incentivize different actors and share the value created.