We are pleased to announce our next AMA on March 10th 2021 at 02:00 PM UTC Time: Satoshi Club x Boson
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Boson Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions. 6 Questions will be selected from our website – please submit your questions in the comments section of this post.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Boson Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Boson
For more details:
Boson – @bosonprotocol
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
What are the benefits of investing with Boson Protocol
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The vision that Boson projects is a bit bold in attempting to restructure the decentralized trading ecosystem, to make trading programmable and more equitable for all participants in the network, it is certainly wonderful and novel, how do you expect to achieve this? What strategies are you developing to achieve the planned vision?
Boson has as a principle not to provide a value (token) to real world producers or services, they focus rather on using NFT for future transaction commitments, could you explain what this is and under what exchange mechanism is it possible?
What does Boson consider to be the BIGGEST, most COMPLEX obstacle they must overcome to achieve the ambitious goal of restructuring the decentralized trading ecosystem, and how do they plan to address that problem and in what time frame do they expect to achieve it?
Reading about Boson I found that not only digital and real assets can be exchanged, but also, THINGS, MONEY AND DATA. As for the data, they use oracles so that when you add this data it is securely? Can third party sources be used to extract this data? Regarding physical money, how does the exchange process take place? Which FIAT currencies are currently part of your protocols?
The Boson Protocol is a foundational primitive of the Web3 that enables the Decentralized Autonomous Trading Revolution. But, When we talk about Web3, absolute security always comes to mind. My question is, how does Boson guarantee its users that exchanges of real-world assets are secure and end-to-end encrypted, just as much as if they were fully decentralized assets?
Boson promises an Exchange of digital value for real-world products, services or things. But, initially, what are the real-world assets that can be exchanged within your platform? Just as there are pairs of exchanges between tokens, will there be pairs of exchanges between real-world assets and digital assets? Will the ratio be 1:1? How will this process work?
Reading your lightpaper, the fact that you described Core Exchange Mechanism as a game with rules and all, caught my eye, could you tell us where the idea of doing it as a game came from? Also, one thing that exists in almost every game is the possibility that people have of cheating or bugging the game to take advantage from it and make that fair behavior be less fair. And on the description of this “game”, you said you will need an honest behavior from both parties. So, how will you make sure that this both parties will be honest and won’t try to cheat and take advantage?
i read that Boson Protocol is a commerce,”Decentralized Autonomous Commerce” which also have Boson token. So what are the use from Boson Token and what is the connection with the commerce ? do we need to have your token to provide buy and sell in your platform?
You said that Thing Tokens are tokens that will allow us to buy NFT commitment token. How much Thing Tokens do we need if we want to buy 1 NFT commitment token? Also, speaking of this NFT commitment tokens, how many types of them will exist and will their value depend on the price of the object you are selling in reality? For example a NFT commitment token on a car negotiation will have the same Thing token value as a NFT commitment token used on a necklace negotiation?
We know that blockchain transaction can’t be change or its permanent. So if a buyer already pay full in your commerce but somehow the buyer want to do refund because of a reason (because of broken, problem with delivery service or because of seller fault). So how do Boson Protocol system manage this refund problem that use in blockchain transaction ?
1. Commerce transactions require coordination in order to handle disputes and reversals. This coordination can be performed by centralized platform intermediaries, but they have an imperative to abuse their trusted position. Decentralized commerce is an alternative, but existing solutions retain the cost and friction of human arbitrators. This limits the scope of e-commerce and disconnects smart contracts from the multi-trillion dollar commerce market.
The question is: What is needed to execute commerce transactions without human intermediaries? How can Boson Protocol solve this digital to physical redemption problem? Can Boson Protocol be seen as a commerce bridge that enables smart contracts to connect to real-world commerce? What is needed for that?
2. Data collected from commercial transactions by centralized intermediaries is locked-away and used to strengthen anti-competitive market dominance which imperils the interests of the consumer, other firms and even governments. That being said, is it possible to design a peer-to-peer system that replicates the benefits of a market intermediary, without the disbenefits of the current centralized and decentralized system? Is this a fair challenge for the Boson team which you would take-up and do you have the potential to meet it? What is Boson Protocol’s vision and objectives in order to achieve this challenge? What properties does it require to get decentralized coordination of economic exchange?
3. As you are describing yourself, you say that Boson can be conceptualized in a variety of ways like as a decentralized commercial oracle; as a set of smart contracts, components and standardized interfaces; as SMTP for transferring non-monetary value, and so on. In fact, the question is: which are the universality of use cases of the Boson Protocol? What is about the “Voucher distribution of non-monetary value” and how it can be implemented due to the COVID-19 pandemic times?
Looking at your tokenomics I noticed that there is not a designated ammount to your ecosystem and its maintenance, which is a really important part of Boson because it is where the commerce will take place, could you tell us why you decided to not have any part of your tokenomics destined to it? What plans do you have to take care of Boson’s ecosystem financilly speaking? Where will the funds for its maintenance come from?
Currently, online shopping is one of the most popular ways to acquire certain goods, however most people use credit cards linked to bank accounts or digital money such as PayPal, my question is, In what way is the service offered by Boson Protocol to make these online payments different and better for the buyer than traditional centralized methods, and how do you plan to convince users accustomed to using conventional methods that Boson protocol is a better option? is your goal to replace those methods, or coexist with them?
Crypto and commerce has always problems to work with. For example when you buy a coffee and want pay it with Ethereum, you should wait 10 minutes for approval from the network. Or for e-commerce, customer has to trust the seller because this is crypto and when buyer pays, money is gone forever. No middle man, no visa to chargeback. How will you overcome such problems?
There are many monolithic intermediaries who extract excess value from the market, this means that the trade needs a reinvention. What solutions does Boson offer regarding this current need and how can they update the system with users at the heart of the solution?
Some people have said that “Boson is a new fundamental primitive for trading” and they mention Web3 a lot how Boson takes Web3 to the next level based on the current success of DeFi and how your trading ecosystem adapts to the current demand for DeFi ?
The main objectives of Boson is to de-monopolize and democratize commerce, and it seems very important to me, but what design does your commerce ecosystem use to attack these areas of commerce and what application model are best adapted to your ecosystem?
Boson wants to tokenize real world services and their data within digital markets, but they don’t talk much about the potential that NFTs have in this type of market. Have you considered tokenizing real world services through the NFT market? NFTs can help evaluate the evolution of real world services, does Boson have any applications for this area?
It is very common to see platforms that depend on third parties or intermediaries for the operation of their transaction flows, does Boson depend on human arbitrators or intermediaries for the operation of their transactions? What is the current digital redemption problem and what solutions does Boson offer?
The metaverse and the universe sometimes need a bridge for smart contracts to have a greater impact on trade. How will Boson build a bridge between both sides and how will your infrastructure favor the connection of smart contracts with trade?
Arbitrations are not much mentioned but they are also common obstacles that affect digital commerce, as well as costs and frictions, what solutions has Boson developed to minimize these needs in online commerce and what strategy will they use to eliminate the presence of centralized intermediaries?
dCommerce and Boson were developing a library of development tools but did not elaborate on the culmination of this goal. What impact does dCommerce currently have on redemption plans in the real world and what solutions does your library of development tools offer for main needs of developers?
Boson recently announced a partner with Ocean Protocol to revolutionize the development of Web3, what are the main needs of Web3 and how can your platforms strengthen Web3 with your functions or applications?
One of Boson Protocol core solutions is using oracles to easily connect smart contracts to data sources, can you tell us what oracles are related with this project and what are the advantages of using them for the eCommerce?
How do you use NFTs as “vouchers”? What does this term mean and what are their use cases?
Eidoo and Boson conducted a strategic cooperation on how to better tokenize the economy, how will this partnership affect the direction of tokenization within Boson and how can Eidoo complement this work within the Boson ecosystem?
I recently read an article about a worker from your Boson platform: Marina Markezic, new Boson protocol advisor at Web3, What governance strategy does this new addition to the Boson team bring and how can this positively affect the vision of Web3?
Decentralized Autonomous Organizations (DAOs) can be a fundamental part of Boson, because Boson uses DeFi drives the use of DeFi a lot. What role does DAOs play within the core structure of Boson and how does your token drive this vision?
Personally I consider technology and oracles to be the main tools that would help “Boson Protocol” with the functions of the project. Then could I mention what technology boson uses to make successful exchanges? And besides this, how do your Oracle easily connect smart contracts with data sources?
What are the true benefits of a “tokenized open economy for commerce”? Why do they say “it’s part of the future of commerce”? Is it really possible to commercialize all kinds of things, whether material or digital, within the Boson Protocol?
I understand that the Bonson Protocol is defined by offering exchanges of digital value for products, services, or things in the real world. And I know perfectly well that digital data and cryptocurrencies or tokens can be transferred digitally. But how would they fare with physical products and services? How do they manage to move them from one place to another? Does the covid-19 not influence the system of movement of physical products or materials?
An diagram of Boson explains that the buyers provide “profile & preferences” to get stored into the data center, so that means that BOSON requires a KYC or a full profile to let an user work with it?
I just realized that the token model use a bonding curve mechanism, so the total supply of Boson is elastic?
Boson uses on this website the phrase ” The real world and the metaverse, connected”, so can you explain us how is exactly your interaction with the real world economy?
Being able to trade digital stuff is great, what would the process be like to expose my NFT’s and maybe be able to exchange it for something in the real world? How do you trade in this case?
Boson is involved in the conversion of digital value into physical products, how do you bridge the digital and tangible value, what can of products can be obtained through Boson and what would be the digital value asset of use?
Boson functions can be extrapolated to many fields including machine-to-machine commerce, is it possible to get a bigger scope like government functions or just for the daily life of physical world finances?
I was reading about the Boson’s core exchange mechanism which is considerer a “game” based on commitment of deposits up-front, so it might depend on the behavior of both parties, how do you ensure this transactions are equal, safe and fair?
I have heard little about dComerce in blockchain projects so it will be something innovative to apply different forms of commerce in dapps and decentralized exchanges. Are you willing to form new alliances with other projects to exchange technologies, and if there are some use cases please mention them ?
What type of technology do you use to support the security and integrity of each user in this type of business, where data, money and physical things of value are exposed?
Can you tell us a bit about what the partnership means to you regarding Swash?
https://twitter.com/BosonProtocol/status/1369353584001835010?s=19
What is the intention of making these collaborations?
Smart contracts exchange digital value for physical products and services with minimal arbitrage, cost, and trust. The security of your smart contracts are reliable? Are your smart contracts prone to bugs? What would happen in a case like this?
What is the technology that BosonProtocol adopts in the infrastructure and technical model of the project? Do you use technology provided by some of your partners or investors?
It is really ambitious to redefine the entire e-commerce current system, specially since cryptocurrencies are not completely adopted in some regions of the world. I would like to know, how is Boson affected by the governments’ regulations? Do you think governments and theirs limitations will be an obstacle for your objective of reinventing the traditional e-commerce industry?
It is known that the user’s information is not safe on Internet. We’ve heard about big companies like Google or Facebook using our data without our knowledge for their own benefit. So how do you guarantee the users of Boson that their data is always safe and not being used for malicious purposes? Are users informed about what is their data used for?
NiftyKey is the first application built on top of Boson. Can you explain what is NiftyKey and what is its role within the Boson Protocol platform? How can users benefit from this application?
You claim that commerce needs a reinvention and that Boston Protocol promises to be the bridge that will connect the metaverse to the physical world, a claim that must surely catch the attention of Jeff Bezos (Amazon’s owner). So, tell us, what is it that you have invented that shows the potential for connecting the traditional to the digital and blockchain world once and for all? What is it that other DeFi protocols haven’t thought of before? What role do NFTs play in all this?
Boson Protocol aims to solve the digital-to-physical redeem problem by tokenizing commitments to exchange real-world stuff, all through NFTs… The truth is that this is a use of NFTs that we are not used to, so tell us, how does this system work? If I am a seller I need to buy a NFT to represent me as a seller? Can you explain us how this please?
I’m curious, how complicated would it be to migrate an online store offering digital products to Boson Protocol technology? Is the framework easy to implement for any business? Would it be very expensive?
On the website, as I’m looking at your team I noticed some of your Advisors are Founders of great projects like Ocean Protocol, Outlier Ventures, ETC. You know, engaging with these great advisors is important to ensure your business or projects runs smoothly. So can you tell us more about your whole amazing team and how was your team formed? Also how many are you in all and what are their expertise?
All projects are described as the future of commerce or the future of Blockchain or DeFi “, if Boson really is part of the Future of commerce, what is required to bring commerce, DeFi and blockchain to the future? What keeps current trade limited?
You mention that Boson allows smart contracts to exchange digital value for physical products and services with “minimal arbitrage”, but is arbitrage really necessary in these trades? If necessary, then why do I reduce it so much?
Really the only problem with REAL WORLD ASSETS, is that the Arbitrated Protocols add cost and friction to the decentralized exchange of real world goods? or are there really others other than Boson could also solve them?
Many blockchain projects see as an alternative to associate Centralized finance and Dex, in order to empower both, is this what Boson wants to achieve by converting digital finance into physical products?
Is the full potential of smart contracts really known? Why months ago they only guaranteed the automation of payments in blockchain with crypto assets, but now with Boson it will be possible to automate payments in physical products? could you explain that to us?
I understand that The Boson Protocol achieves an Exchange of digital value for products, services or things in the real world, but could you really give us the detail of those “products, services and things in the real world”? or is really anything?
You say that it is preferable to tokenize future transaction commitments, using stateful NFT vouchers, but how can you really tokenize “future commitments”, could you explain in more detail? And how would this take trading to another level?
You point out that dCommerce is the future, due to the exchange of digital assets for physical products, but is that really the maximum potential of the future of commerce?
Just recently, Boson Protocol Joins Blockchain Game Alliance, an organization committed to promoting blockchain within the games industry. So what will BGA provides for individuals and companies and what opportunities it will give to accelerate the fulfillment of your vision? Also is there more other reasons why you become part of BGA?
What are the best and worst things that can be predicted by the Boson Network team? if it is possible, How much percentage of the probability that we invest can pass the worst possibility to the best possibility?
Thanks for your answer if you answer it.
Boson Protocol’s advisor, Dr Trent McConaghy, developed the Web3 dCommerce sustainability loop model. So can you tell us more about this and how it will applies the fundamental business growth strategy of Amazon and realigns its generated value to benefit its users instead of private stakeholders? How it really works then?
Boson works on the basis of a sliding scale of trust. How does Boson will check the buyer satisfaction has been met or not and determine if the real product has been delivered ?Also, what happens if the dispute arises what role will Boson play on it
Boson Protocol Token Generation Event is a week away. So can you you tell us more about this? What are the roles and requirements in participating your TGE? Many Defi platform is also launching token sale, so why we rather choose in investing our hard earned money in Boson Protocol? What advantage for early adopters? How can we trust you? Does your smart contract is checked and audited already by trusted auditor in Defi? Thank you
What does your marketing look like? Where are your competitors situated? What is the reality
for your customers? Why do they currently identify with your brand?
How does Boson Protocol eliminate intermediaries and minimize arbitration and rent extraction? Is the process truly frictionless?
Can you tell us what you mean by ‘stateful NFT’? Also, how does these stateful NFT vouchers work?
Can you share with us some of the outstanding features that powers the novel exchange mechanism? What different approach has Boson Protocol taken compared to their competitors?
Tell us about dCommerce DAO, how do you see the future of a community driven project, what is on-chain and off-chain governance, how does this model work, and why did you choose it?
Could you please describe governance strategy of Boson Protocol? How it will impact and improve the development of progressive decentralised space in general and in web3 in particular?
Boson’s vision is to build around Things, data and money, so could you explain how this will be implemented and how will the balance between these three components be achieved?
as commerce who have platform that gather buyer and seller, do they need to do KYC to confirm they are not fake or doing scam? how is the security system that Boson protocol have to protect your user (buyer and seller) ?
Instead of tokenizing real world products and services Boson tokenize the future commitments to transact, using the stateful NFT vouchers, governed by a novel exchange mechanism. Can you explain what is this “Future Commitments to Transact” that will be the subject of Boson’s tokenized economy and what blockchain will you use for these NFT vouchers?
You said Boson Protocol is a commerce using NFTs encoded with game theory. Can you explain what is the connection between game theory and a commerce? and how does it work and what makes it special?
The Boson governance is going to be implemented and modelled across the three phases of start-up, scale-up and DAO. On what phase are you now? When will the full implementation of Boson Governance expected to be completed? Is there any target date or year?
The role of the community is going to be essential for the dCommerce DAO development. What exactly is Boson’s expectations that the community have to perform and be active with? What are the roles of the community on dCommerce DAO?
Boson Protocol offers “The Happy Path” to solve the problem of total capture of commerce and it’s supply chain by a few extraordinary monopolies. Explain with a simple example how this will work?
I am a crypto investor and I only care about prospect of a crypto that I chose, tell me the reason why I should choose your token over the existing one? What is your token advantage that can convince me to change from my favorite token?
Most of investors just focus on the price of token in short term instead of real value of project. Can you tell us the motivation and benefits for investors to the $BOSON token long term?
Where do you and the Boson’s team see the world of blockchain being in years to come, and how will $BOSON change the landscape of the cryptocurrency space in years to come?
How does Boson Protocol sees its implementation in the current e-commerce space?
1) Which crypto projects do you find the most exciting and could imagine a strategic partnership with?
2) Do you plan staying on Ethereum or is it possible that you could implement crosschain-communication/switch to a different platform if it is more suitable/beneficial for the project?
3) In which timeframe do you expect to be profitable in the longterm?
Boson Protokolü niçin tercih etmeliyiz? Boson Protokol ileri zamanlar için yatırımcılarını sosyal medya haricinde başka
hangi mecralarda bilgilendimeyi düşünüyor?