March 22nd Boson Protocol Community Update #4

Boson Protocol

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BosonProtocol

8 min readMar 22, 2021

Hello Bosonauts!

Here is the fourth in the series of fortnightly Boson Community newsletters!

To say I’m proud of the team, would be a massive understatement. After we took down Blockpass with the HUGE demand from our amazing community, the team rallied together to onboard an additional KYC provider and build a customer support team over the weekend. Everyone put in a shift and we will be operational very soon for whitelisting once again!

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

Boson Protocol Raises $10m To Enable A Decentralized Commerce Ecosystem

We are pleased to announce that we successfully closed the last round before our public sale, raising a total of $10m between all rounds.

The presale round demonstrates continued support from existing investors, combined with new backers. The presale was 40x oversubscribed, showing strong interest for the project.

These funding rounds enable us to continue developing its public infrastructure and a set of composable dCommerce SDKs that will allow developers to build the future of commerce, allowing people, companies, and machines to transact in a decentralised manner, with minimised arbitration, cost, and friction.

If you would like to find out more, head over to our medium and read the full announcement article.

$BOSON News

Boson Protocol’s Extended Tokenomics Information

Last monday we received an overwhelming response to our pre-registration phase. Thank you so much for your support. During the week, we also received a lot of questions about the Tokenomics of the project.

Some of these questions were addressed on the One Pager, so be sure to check it out.

In addition, we have created a detailed Medium article. We believe it addresses the most important and frequently asked questions from the community. It covers a lot of ground — so get ready:

A quick Boson Protocol intro
A short description of the token utility
Tokenomics
Fundraising events thus far (and their pricing)
Some public sale event details

>> Read the full Tokenomics article here.

Whitelisting update

We opened the whitelisting process on Thursday last week. Our KYC provider’s system had unprecedented demand, within minutes of launch 15,000 people were attempting to use the whitelisting tool, and in total there were more than 900,000 requests in a four hour period. Unfortunately, our KYC provider’s system was not able to cope, which created a poor user experience for many of our community.

We are reconfiguring our whitelisting process to ensure that we are able to handle the peak load. We aim for the system to be operational again shortly. There are no hard limits on whitelisting, anyone who wishes to participate in the community token distribution can do so, if they apply in the next 2 weeks. So if the system is working slowly, please retry at a later time. We expect to be able to handle everyone who wishes to participate in the community token distribution, and will provide more details in due course.

Latest Partnerships

Boson Protocol announce Bridge Mutual as dCommerce ecosystem partner

We are delighted to announce that Bridge Mutual ($BMI), the decentralized risk coverage platform — will become a partner of the dCommerce ecosystem.

The collaboration will involve the implementation of a widget that will enable users to buy spot coverage for their transactions on any dCommerce website powered by Boson Protocol.

By implementing decentralized risk coverage, we provide more security for buyers, sellers and third parties in individual transactions. Therefore, decentralized coverage presents itself as an essential module for dCommerce. We are delighted that Bridge Mutual will provide a safeguard for the Boson Protocol ecosystem, playing an important role in helping to ensure a seamless and frictionless experience for participants within dCommerce.

NiftyKey (powered by Boson Protocol) announces partnership with bitHolla

NiftyKey, the crypto rewards platform powered by Boson Protocol, is proud to announce a partnership with bitHolla, the enterprise-grade exchange software developer.

NiftyKeys collaboration with bitHolla means that the new HollaEx Kit 2.0 software now has a crypto rewards and loyalty plug-in alongside that offers exchanges using bitHolla’s software the ability to enhance and differentiate their brand amongst growing competition.

In addition to being able to fully customize the skin, create a native token, add a liquid market of BTC/USDT and ETH/USDT pairs, plus independent market making and an automated cloud service, NiftyKey’s crypto rewards will be offered alongside HollaEx Kit 2.0 as an incentivisation and loyalty tool that gives exchanges the ability to profitably acquire, engage and retain customers, instead of competing on fees in an overcrowded marketplace.

To find full details of the partnership, head over to our medium article here.

Boson Protocol Partners With Royale Finance Enabling Players To Purchase Real-World Items With Currency Earned In Game

In a major step for the dCommerce ecosystem, this collaboration will allow players to purchase real-world items with the crypto they earn in games or have stored in their wallets without the use of off-ramp solutions, a first for iGaming.

Our CEO and Co-Founder Justin Banon said, “Our goal is for Boson Protocol to become the basic plumbing for commerce and its data on the emerging decentralised web. This partnership is a real game changer — not only are we developing and nurturing this ecosystem, we are facilitating the creation of an industry first: consumers can now purchase real-world products using the rewards they have earned in-game, without having to exchange for fiat currency. This is a major step forward for the industry, but also for the dCommerce ecosystem as a whole.”

If you would like to read more, the link to the full announcement can be found here.

Boson Protocol announces Fuse as a dCommerce ecosystem partner

Fuse and Boson Protocol will collaborate by jointly promoting both ecosystems to developers to explore and build new applications on. In addition, Fuse and Boson will work on integrating Boson Protocol’s ‘Thing Token’ for users to discover on the FuseSwap DEX.

By promoting Fuse and Boson developer ecosystem tools, non-crypto businesses and communities can easily deploy a peer-to-peer, self-service smart contract platform with mobile infrastructure. In addition, Boson Protocol will provide an integrated dCommerce layer, enabling access to a next generation, NFT powered commerce protocol that removes middlemen and minimises arbitration, cost and friction.

“I’m very excited about our partnership with Fuse; the scope and breadth of its solution provides the perfect ecosystem for Boson Protocol to integrate with. Fuse and Boson will provide a fully open, permissionless peer to peer dCommerce solution enabling non crypto-native businesses to on-ramp into a free flowing tokenized ecosystem, where connected merchants and peers operate in a trust minimised, low cost, low friction environment.” — Justin Banon, Founder & CEO, Boson Protocol

Advisor Announcements

Introducing Marina Markezic as an Advisor to Boson Protocol

Governance is an essential component of any Web 3 project and we have therefore assembled a team that is working to build a protocol that reflects our values and calls for progressive decentralization.

Marina Markezic has been involved with the project from the very beginning, sharing her expertise on Token regulation and governance. Besides being an advisor to the project she recently joined the core team as Governance lead.

Marina has worked in the blockchain industry since 2017 as a professional legal and business advisor, starting out in one of the first European blockchain accelerators as a lead adviser. She is currently mentoring and advising startups, specializing in blockchain governance and token regulation. Read her full advisor interview here.

Expert Articles

Boson Ecosystem Value Flows

How do we deconstruct a broken system and build a far better one?

In this latest article, Boson Protocol’s own Sebnem takes you through the creation, accrual, and distribution of value inside the dCommerce ecosystem. She explores questions like what values does $BOSON represent and which incentive mechanisms make value flow in the Boson dCommerce network?

If you want a much deeper understanding of $BOSON, it’s a brilliant read. Make sure to check it out now.

Boson Protocol’s Governance Design Principles

Our governance expert Marina Markezic recently covered Boson Protocol’s Governance Design Principles. She explored topics such as progressive decentralization, the dCommerce DAO and the vision transfer process.

“Boson Protocol enables a commerce ecosystem which is resistant to capture by monopolies and where participants are not farmed by platforms.” — Justin Banon, Boson Protocol Co-founder

The vision is to enable a decentralized commerce ecosystem by funding and enabling the development of a stack of specialized applications to disrupt, demonopolize and democratize commerce. Read more now.

Community News

The Oddgems AMA Transcript with Justin Banon is here

Our founder and CEO, Justin Banon did a live AMA hosted by Oddgems on March 12, 2021. It was a great session with an engaged audience. Just in case you missed it, we have the transcript available here.

AMA Transcript: Boson Protocol @ Satoshi Club — March 11th, 2021

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.

Mid last week, Satoshi Club kindly welcomed us into their telegram channel for an AMA with our co-founder, Justin Banon. If your goal is to learn more about Boson Protocol, our vision for a decentralized commerce ecosystem and how we’re actually making that happen, read here.

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.