April 2nd 2021 — Boson Prototocol Community Update #5
Hello Bosonauts!
Here is the fifth in the series of fortnightly Boson Community newsletters!
Well, well, well… Another powerful week at the Boson HQ. I’m rarely lost for words but this week everyone here has blown my mind! Met some amazing people, working on incredible projects and the future is clear to see. We have a vision and we keep delivering on achieving it.
Public sale is next week (April 7th) and we’re all hands on deck, so without further ado, here is the Community Update!
Make sure you follow us on Twitter to never miss an announcement and join the conversation on telegram.
Read on for the latest happenings within Boson Protocol…
Highlight of the fortnight
We would like to inform you that the whitelisting process is now closed.
Our entire team is thrilled with the number of applicants. In total we had over 36,000 of you submit documentation for the whitelisting process.
Our KYC partners (Blockpass and Fractals) are hard at work processing the submissions, so if you have not heard back from them yet, don't worry — KYCs submissions are being processed until April 5th.
On April 7th, we will begin our community token distribution event.
In this distribution we will make 6 million $BOSON tokens available for sale, which will become immediately available for use by our token holders at the conclusion of the sale process.
Information on how whitelisted wallet-holders can participate in the token distribution will be published on Monday 5th April.
Additional links:
Explaining the $BOSON community token distribution mechanic
Boson Protocol’s Extended Tokenomics Information
Latest Partnerships
Announcing Boson Protocol’s partnership details with Ocean Protocol
Our recently announced partnership with Ocean Protocol will see our Web3 commerce data marketplace being built on Ocean Protocol. The two protocol’s have a natural synergy and we are delighted to be joining forces.
Our vision is to create an open tokenized economy for commerce. To develop this dCommerce Ecosystem, we are developing a series of integrations & partnerships, this is one of the most exciting.
Boson Protocol is building its Web3 commerce data marketplace on Ocean Protocol.
Just as Amazon uses data to give recommendations to customers, Boson Protocol’s dCommerce marketplace needs data too. It has both supply and demand of data. Our Ocean-powered data marketplace will unlock the value of this data.
Ocean’s architecture incentivises consumers to unlock value from their data without compromising their privacy. We believe in creating truly liquid commerce data markets. Data tokens act as a missing link to allow for the formation of an Open Data Economy.
E-commerce platforms love data. This data comes from their users; it’s both personally sensitive and very valuable. With this partnership, for the first time, users will be able to control their own e-commerce data, and monetize it if wanted.
Read more about the partnership here.
Boson Protocol announces YOP as a dCommerce ecosystem partner
YOP will provide farming and staking aggregation to Boson Protocol ecosystem participants, for example, for buyers, sellers, balancer pools and automated market makers.
By integrating YOPs capabilities, users can access new yield and staking benefits that would be impossible to achieve on a singular one to one basis.
YOPs aggregation tech provides Boson Protocol’s dCommerce participants with the ability to stake and start earning yield for passive income, whilst having full control, custody and access to insights directly from one single application.
In addition, YOP and Boson Protocol will develop DeFi NFTs that will allow users to gain access to tiers of the YOP application and other integrated YOP partner platforms. Both parties see this opportunity as a way to evolve DeFi, making it safer, secure and more efficient for users in the future.
“The YOP Finance and Boson Protocol partnership allows users access to passive income just by providing capital to the dCommerce ecosystem. This is a truly unique capability and feature that can only be delivered through DeFi technology and we are proud to be part of this exciting evolution”. — Justin Banon, Founder & CEO, Boson Protocol
To find full details of the partnership, head over to our medium article here.
NiftyKey (powered by Boson Protocol) announces partnership with Amasa.io.
Adding NiftyKey to the Amasa suite of features provides a unique DeFI experience for Amasa users, giving them the ability to convert micro-income stream revenue into real-world products or services without ever having to leave the crypto ecosystem. NiftyKey’s NFT crypto-native rewards offer Amasa users the power to consume and transfer the NFT benefit at their leisure.
Amasa wants to make these micro income streams easier to capture and combine, and to transform them into a bigger, more meaningful source of wealth over time. Whatever that looks like for each individual, all built on a platform focussed on decentralised control and steered by a global network of empowered users.
“Partnering with Amasa is a no-brainer for NiftyKey, both parties are pushing innovation within web3.0 which is really existing for us, and we look forward to collaborating together for a bright DeFi future!” — Justin Banon CEO of Boson Protocol.
If you would like to read more, the link to the full announcement can be found here.
NiftyKey, powered by Boson Protocol, announces new partnership with Eidoo
NiftyKey, the crypto rewards platform powered by Boson Protocol is proud to announce a key partnership with Eidoo, the DeFi platform.
NiftyKey’s crypto rewards platform is designed with crypto financial services in mind; combining tried and tested differentiation strategies from traditional finance, along with open and configurable NFT technology provided by Boson Protocol, NiftyKey is set to disrupt and revolutionise the loyalty and rewards playbook for the crypto economy.
Eidoo will collaborate with NiftyKey to incentivise and reward its users as they spend via the DeFi debit card. The eidooCARD offers crypto cashback in PNT, which when accrued can be exchanged for a NiftyKey NFT rewards voucher, to be redeemed at any time in the future for the physical product or service.
As the eidooCARD provides a bridge between traditional finance and DeFi, both parties see this as the perfect environment to explore the next evolution of customer loyalty and satisfaction. Both Eidoo’s groundbreaking DeFi platform and NiftyKey’s crypto rewards platform now give digital natives the ability to control, aggregate and use the value they accrue in their DeFi journeys.
Read more about the partnership here.
Advisor Announcements
Introducing Dr. Trent McConaghy as an Advisor to Boson Protocol
Trent is the Founder and CTO of Ocean Protocol, where he is creating the Web3 data economy, unlocking data for more equitable outcomes for users.
Trent is a serial entrepreneur, previously starting and selling two startups in the AI industry. Trent has 20 years of deep technology experience with a focus on machine learning, data visualization, and user experience. We are thrilled to have him as part of the Boson Protocol team.
He supported Boson Protocol from the beginning as one of our first investors. His advice & insight into Boson’s protocol design has been invaluable to the project.
Read his full advisor interview here.
Introducing Dr Michael Zargham as an Advisor to Boson Protocol
Michael holds a systems engineering PhD from the University of Pennsylvania where his focus was on optimization and control of decentralized systems with Ali Jadbabaie. In addition to academic experience, he has over a decade of experience applying data to business decision making applications.
As one of the leading systems engineers in crypto, we are very grateful to have Dr Michael Zargham on board supporting us in designing Boson Protocol and challenging our assumptions.
Read his full advisor interview here.
Expert Articles
The dawn of the dCommerce Ecosystem — An introduction by Boris Spremo
Rapidly maturing new technologies like blockchain promise a new web paradigm some believe could transform ecommerce, unbundle or entirely replace the Amazons of this world. But is this even possible and if so how?
We believe this commerce transformation is to a degree inevitable, and with the replacement of the e with a d (for the process and characteristic of decentralization) so significant, it should be called dCommerce.
Boson Protocol is the cornerstone of a dCommerce stack, in the same way stablecoins were to DeFi’s, our novel exchange mechanism enables smart contracts to exchange digital value for physical products and services with minimized arbitration, cost and trust.
Boson Protocol’s own Boris Spremo has just written an article that explores the world of dCommerce, investigates its architecture, primitives, roadmap and challenges before taking a look into the future.
It’s a well worthwhile read.
Make sure to check it out now.
$BOSON News
$BOSON Token Smart Contract Successfully Audited by Certik
This month marked a significant milestone for Boson Protocol’s tech team — the successful audit of our smart contract for the $BOSON token by blockchain security specialists CertiK.
Why was this audit so important?
While our engineering team has implemented the highest standards in development and testing, there is nothing like having a team of highly qualified security specialists who have not seen your code before scrutinise your work and probe for any vulnerabilities.
Before we submitted our work for audit, we also reached out to collaborators and friends outside the project. Having as many people as possible look at your work is really important and that is why we are open-sourcing our code.
Open source is absolutely the key to fighting bugs — there is no money that can buy you a better security audit than having a large number of eyes on your code. Also, the simpler the contract and the fewer lines of code, the smaller the attack surface, so this was a good reminder to keep the contract code as short and simple as possible.
Now that the audit is done and was successful, the entire tech team can look forward to building a great product on the most solid foundations.
>> Read the full article here.
Explaining the $BOSON community token distribution mechanic
The $BOSON token is the core economic unit of the Boson ecosystem. Growth in the value of the network is driven by establishing an economic flywheel, following the dCommerce sustainability loop.
On April 7th, we will begin our community token distribution. In this distribution we will make 6 million $BOSON tokens available for sale, which will become immediately available for use by our token holders at the conclusion of the sale process.
To find everything you need to know about the sale, check out this medium article now.
Community News
Hello world: launching our core repo and developer docs v0.1
Following the successful audit of our smart contract for the $BOSON token by blockchain security specialists CertiK, we have launched a documentation site.
The site provides both technical and non-technical documentation about our core contracts, how developers might start using them and how to integrate them.
The site covers the protocol overview, core concepts, advanced topics, governance, FAQs and contributing. These areas are just a starting point and as we release more content, it will be regularly updated. You can now visit the site here.
Boson Protocol Live AMA transcript: March 26th, 2.30PM UTC
We love doing these AMAs as it allows us to interact with you, the community, and answer the questions that you want to hear about. We recently had the pleasure of hosting an AMA in our own telegram channel. Just in case you missed it, we’ve created a transcript which you can view here.
The AMA was hosted by our Head of Community Alastair Band. In addition to founder and CEO Justin Banon answering questions, we were joined by Bruno Ahualli (Marketing Director), Jonas Seiferth (Strategy) and Luis Carranza, who provided a precise answer to an intriguing question at the end of the AMA!
Signing off for another fortnight
Thank you for reading the newsletter and staying up to date. We will be back soon with more! Join the conversation with the rest of our community on telegram. We hope you have a fantastic end to your week.
All the best,
Alastair Band
Head of Community
@BeardOnTheBlock
About Boson Protocol
Boson Protocol’s vision is to enable a decentralized commerce ecosystem by funding and enabling the development of a stack of specialist applications to disrupt, demonopolize and democratize commerce.
Keen to learn more?
Enjoy our Lightpaper.
In a hurry?
Check out our One Pager.
Want to dive deeper?
Read our whitepaper.
Builders, we have news for you:
Our Core Repo is open on GitHub and here’s the Documentation website.
Lastly, if you’re a decentralization enthusiast, please follow us here, on Medium. We will post frequently about our dCommerce journey and would love to hear your comments!
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