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BOO Basic
- Symbol: BOO
- Platform Name: Spookyswap
- Parent Chain: Fantom
- Application: DEX, Exchange
- Category: DEX
- Mechanism: PoS
- listing date: 19 Oct 2021
- ATH Mcap: $276 M
- Max Supply: 13,666,000
BOO Analytics
Ecosystem
| Mcap/TVL | 0.58 |
| Chains supported | 3 |
| DEX vol share (of all) | 0.1% |
| Fantom DEX share | 13% |
Token Liquidity
| Token Volume/Mcap | 3.8% |
| Volatility | 6.6% |
| Circulating | 69% |
DEX stats
| DEX-VOL/Mcap | 60% |
| DEX-VOL/TVL | 38% |
| LPs | 670+ |
BOO Backers
SpookySwap
Foundation
BOO Advantages
- Good TVL
Spookyswap TVL is 2 times more than its marketcap.
- Known Fantom DEX
Unlike other chains Fantom has so many DEXs. In last crypto cycle (2021) Spookyswap was the main DEX of Fantom, This time there are so many competitors, we should see how BOO want to overcome them.
- Fantom upgrade
Fantom want is upgrading its network to Sonic that is referring to Fantom foundation is very fast network with lowest time block production. FTM tokens will migrate to Sonic. This may become a good opportunity for Fantom & its DEXs.
BOO Disadvantages
- OLD protocol
In crypto one cycle is a long way, only a few protocols can survive in 2nd cycle of their time. Spookyswap had its chance on last cycle could it use it again this time? We should see.
- Fantom migration
Although Fantom migration is a good thing for its ecosystem, but it also bring some risks. If new promising chain or its migration process fail then everything go wrong.
Categories: Token
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