Base Baboon (BOON) is a meme coin built on the base blockchain platform. The token makes use of the unique qualities of the layer 2 platform such as low transaction fees, secure and fast transactions, high scalability, EVM compatibility, and the like.
The BOON upholds its value using deflationary tokenomics. That means whenever a transaction is made using the BOON tokens, the tokens involved in the transaction are burned and removed from circulation.
A 1% tax is also charged on the transaction for burning the tokens. This measure controls the amount of tokens in circulation, thus aiding the management of price stability. The deflation or dearth of the tokens in supply will cause a rise in the demand for the tokens.
Base Baboon ($BOON): Tokenomics
The innovative tokenomics of BOON tokens contribute to its strength as a meme coin.
Total supply: 420,069,000,000
Marketing: 5% as well as 3% earned from every transaction
Developers: 5%
Coins Already Burned: 10%
Burn Tax: 1% of each transaction
Liquidity Pool: 1% of each transaction
Where and How to Buy Base Baboon ($BOON) Tokens?
You can buy Base Baboon tokens from cryptocurrency exchanges such as Uniswap or Sushiswap V2 (Base). The purchase of Base Baboon tokens is done through the following steps.
- Download a crypto wallet such as MetaMask and install it on your computer. Create your account on the wallet by following the instructions on the platform. Give your details for KYC verification.
- Select and set up the base network on your crypto wallet.
- Fill your wallet with the base currency required for exchanging to get BOON tokens.
- Go to the cryptocurrency exchange from where you intend to purchase BOON tokens. You can directly visit these websites or follow the links on Base Baboon’s website.
- Connect your cryptocurrency wallet to the exchange account and transfer the base currency to purchase BOON tokens.
Why Should You Invest in Base Baboon ($BOON) Tokens?
Base Baboon (BOON) is a meme coin that combines the fun aspect of memes with the seriousness of the decentralized finance (DeFi) sector. Here are some of the pointers to why you should invest in Base Baboon (BOON) tokens.
- Base Baboon is built on the base blockchain network, which is the layer 2 version of the Ethereum blockchain. The network, devised by Coinbase, is EVM compatible with increased security measures that reduce the fallibility of the crypto coins. You can invest in Boon tokens as they leverage the advantages of the base network such as low transaction fees, interoperability, and user-friendliness.
- Another major factor that influences the profitability of the BOON token buyers is its innovative tokenomics. The tokenomics is designed in such a way that the value of the token is maintained through constant burning of the used tokens. This act regulates the supply of the BOON tokens in the market, thus increasing its demand.
- The BOON tokens have a very low market capitalization of $2.5 million in their initial period of adoption. Market capitalization represents the total value of the BOON tokens mined. A lower market capitalization means that there is scope for an increase in the value of the token in future years.
- The Base Baboon platform has set aside 5% of the total coin supply and 3% earned from every transaction for marketing the platform. This significant contribution to the marketing efforts will help the platform emerge as a well-known player in the cryptocurrency market.
- The governance of the platform rests on the decisions made by the BOON token holders who will decide on what marketing efforts should be adopted and implemented. The fact that the users themselves can govern the platform will make them prioritize their needs and requirements and stream the platform development in a way that suits them.
The Bottom Line
Base Baboon (BOON) is expected to emerge as a profitable token, thanks to its lower market capitalization and innovative tokenomics. The price of the coin will see an 80x hike by the end of this year.
The value of the token will rise with the increase in market capitalization and will reach 400 times the current price once the BOON tokens achieve a market capitalization of $1 billion.
This is the best time to invest in BOON tokens to earn future benefits. However, make sure that you stay away from the market volatility of cryptocurrencies and make decisions backed by data.
