We are pleased to announce our next AMA on December 1st 2021 at 01:00 PM UTC Time: Satoshi Club x Bosagora
⚠️Click to see the hour
⚠️Total Reward pool: $500
⚠️Requirements:
👉 Join Satoshi Club Telegram group
👉 Join Bosagora Telegram group
We will have the following structure:
Part 1: 100$ /6 users – We’ll select 6 questions from the community. A user can post maximum 3 questions.
Part 2: 100$/10 users – Open chat for 120 seconds. You can post Max 3 questions. Bosagora Team will select 10 questions and answer them.
Part 3: 300$ – A quiz about Bosagora
For more details:
Bosagora Website – bosagora.io
Bosagora Telegram – @bosagora_eng
Satoshi Club – @satoshi_club
Russian – @satoshi_club_ru
Spanish – @satoshi_club_spanish
BOSAGORA
constitutes a governance system whereby node operators referred to as the Congress Network can
participate in creating and voting on proposals in order to continuously improve the software and
ecosystem. Also a user can join the Congress if he/she can operate a full node at a stable network speed (operate in a server or personal computer). What are the requirements needed for a user to vote? Do we need to offer some tokens to be able to vote? How can a user get a model for he/she to control? And lastly, Are there any benefits in creating an activity?
BOSAGORA propose a decentralized and collaborative decision making institution called BOSAGORA congress Network which is based on Node Operators and Members of congress network can communicate and exchange ideas with each other and also decision can be reached on proposals in Congress Network. Can you elaborate on features and activities The BOSAGORA Congress Network? what are the requirements for users to become Members of BOSAGORA congress Network? and what are the criteria’s for a member of BOSAGORA Congress Network eligible to create proposals? And lastly Can you briefly share some Benefits and incentives in which members of BOSAGORA congress network are entitled to?
According to your Layer 1 Protocols (Cycle and Consensus Rounds), You considered the Consensus Protocol as being a succession of simultaneous cycle, undertaken by each participant individually and these participants are called Validators, while observer of the consensus Protocol are called Nodes. While Every Validator is a Node, not every node is a validator. Can You more elaborate on Consensus Protocols? What are requirements for users to become Validators? And how can users Become Nodes after being a validator? And lastly can you briefly explain the functions and Benefits/incentives of validators and nodes?
BOSAGORA can expand large numbers of people to active daily users through Flash Layer and this Flash Layer is Built on a Lightning Network design, but adds the function of increased safety to it. Flash Layer uses a new status update mechanism built on the “Eltoo” update protocol layer in order to safely perform off-chain transactions without the potential for loss of funds and Eltoo is a proposed upgrade to bitcoin. Can you elaborate More On this Flash Layer and its Features? What are requirements for users to open a Flash Layer channel? Can you also briefly explain on “Eltoo” update protocol layer and how it works? and lastly can you share some features of Eltoo Protocol Layer that makes it an upgrade to Bitcoin?
In lieu of promoting a true open decentralized blockchain, BOSAGORA has developed a decision-making platform called “Votera”. Participants of which can make proposals, participate in discussions and then vote on the proposals. Most community governance system involves token holders to be the participants, however, in Votera, only node operators are allowed to be part of BOSAGORA’s governance. Why did you limit Votera to be accessible only for the node operators? Also, are there other unique features that this governance system has? If so, can you please elaborate these features to us?
BOSAGORA’s ultimate goal is to establish an open decentralized blockchain that ensures transparency of the consensus algorithm and clarity of its contracts. By this, BOSAGORA will be implementing its mainnet called “CoinNet”. Once CoinNet is up and running, will you be migrating and transferring all of your protocols including the nodes, tokens and products into your native blockchain? Can you please elaborate to us your plans for the implementation of your native network? Do you have a tentative date of its release?
Earlier this month, BOSAGORA announce is partnership with a new Metaverse platform developer “Telos”. In addition, BOSAGORA signed a business partnership with “Finger”, a fintech company, to join in the MetaCity Forum. By these, I can see that BOSAGORA is really investing and focusing its developments in Metaverse concept and NFTs. Can you please discuss more about the mentioned partnerships? What are the things the community should expect on your Metaverse products?
Basically, the BOSAGORA platform is a decentralized self-evolving cryptocurrency that is built on Trust
Contracts and an embedded decision-making system called the Congress Network. Does this have anything to do with the name of your project “BOSAGORA”? What is the meaning of the name of your project “BOSAGORA” and how does it relate to the main features of your project?
The consensus algorithm attempts to
answer the question, ‘How can we prove with confidence that all distributed databases hold the same set of information?’. In response to this question, BOSAGORA uses a Modified Federated Byzantine Agreement (mFBA) consensus algorithm based on Stellar’s Consensus Protocol (FBA). Can you explain how the Modified Federated Byzantine Agreement algorithm(mFBA) differs from the Stellar’s Consensus Protocol(FBA)? What are the benefits/advantages that BOSAGORA will get from using the mFBA consensus algorithm?
-According to $BOA Coin Issuance Plan, new coins are issued in three groups or ways which are; “Initial Development Budget (10%)”, “Confirmation rewards (54%)”and the “Commons Budget (36%)”. Can you give more details about this? What are the components that make up these three groups/ways of issuance of new $BOA coins?
-What are the ways through which Congress members will receive $BOA rewards and what group/way of the $BOA Coin Issuance Plan does this belong to?
Bosagora has an awesome congress Network, Decentralized collaborative decision-making system. So is this system exclusive only for your protocol alone or can it be further deployed on other platforms too? How will this network contribute to the growth of blockchain technologies? As We are now certainly in the Bear market and some coins are dumping, but i noticed one fantastic Quality of $BOA , it growed +4% recently making the value 0.3276 as at 11:47 30/11/2020, So, my question is, what is the plan of Bosagora to recover the priceof $BOA if it happens that it going down a Bearish Trajectory in the market, and to boost more it’s value in the circulation?
What is the staking mechanism and how will it work with regards to inflation?
Good day everyone and happy New month..
Cryptocurrencies like Bitcoin, that only use a proof-of-work (PoW) type consensus protocol, are affected
by issues arising from the non-separation of economic and political incentives. By buying up more
mining hardware, a user can attain more control of the blockchain (political) and also increase their mining income (economic). How does BOSAGORA overcomes this issue?
Is BOSAGORA going to have some kind of limit in the currency, so that a single person does not accumulate an excessive amount of token? Is BOSAGORA going to have some kind of anti-bot security to avoid manipulation in the market?
BOSAGORA signed an affiliation with Standard Protocol,your aim is to expand the metaverse ecosystem through MetaCity Forum a forum that consists of many business ventures.MetaCity Forum is working together for developing ‘MetaCity’, where the real economy and virtual world are merged for transparency and practical ecosystem, through adaptation of Metachain, a blockchain platform developed by BOSAGORA, on metaverse.So can you please elaborate more on these new development?And I noticed that the forum will jointly hold the ‘Global ESG Metacity Summit 2021′ on December 7th,can you give us a sneak peak of this event?Will it be open for the public?And What support will Standard Protocol render to you?Please explain Thanks
On February 17,you announced your blueprint for ‘T-Fi,’ an advanced financial concept that is anticipated to overtake the existing decentralized finance (DeFi) financial model.With T-Fi which stands for True-Finance you plan to introduce a new financial experience by linking the traditional economy such as stocks And real estate with BOA, a coin of BOSAGORA.So can you tell us what various ways will T-Fi generate profit?Since the creation of T-Fi,how well is this product known/used in the Cryptospace?What are the advantages of T-Fi in traditional economy?Apart from T-Fi ecosystem,you also plan to establish ‘T-Fi Labs’,is the T-Fi Labs already in place?What are its features?Please explain Thanks
The BOA team will prepare a bridge that can transfer ERC20 tokens to BOA coins during the second stage of releasing CoinNet,but to meet the new CoinNet requirements you will have to work with exchanges and other API users like CoinMarketCap & CoinGecko.So what are the CoinNet requirements?What expertise are you actually looking at from these exchanges/API users?Why did you decide to create a bridge only for ERC-20 tokens,will there be bridges for other blockchains token?Will transacting via bridge offers complete security for e.g like issuing an equivalent amount of tokens on the recipient chain through a robust process that includes receiving the assets, checking them, and freezing the assets on the dispatching blockchain?How user-friendly will this bridge be?Will the bridge your team are developing be dominant in terms of adaptability? Thanks
Hello Bosagora team. The consensus algorithm is core to any blockchain based currency or system. I read that BOSAGORA uses a Modified Federated Byzantine Agreement (mFBA) consensus algorithm based on Stellar’s Consensus Protocol. Can you explain to us in detail what are the benefits of these modifications to the consensus algorithm? How is it different from the original? Why did you decide to use the modified one instead of the original? What are the key features of the modified consensus algorithm for which you decided to use that one? Thank you!
Back in 2017, when Bosagora was a pioneer in developing a first full-node Proof of Stake and Federated Byzantine Agreement consensus algorithm blockchain platform with innovative technology development that anyone could experience speed and trust. Nowadays POS becomes something usual for the most of the similar project around the crypto world. Could you summarize your achivements in that direction since Bosagora ICO? How was your attitude upgraded since when and what makes it Bosagora special today compared to identical projects?
Bosagora is a metaverse where it links to real life that can contribute to #ESG. But if the premise of decentralized finance and all related plaforms is to differentiate from old and traditionalist models, how does Bosagora ensure that this bridge to real life will be secure and enrich its ecosystem? In terms of linkage, what types of operations, assets, elements are linked and merged within Bosagora between real life and its decentralized metaverse?
Recently ‘MetaCity Lab’, a Proptech (Property+Technology) company joined their #MetaCity Forum. What impact will this new member have within Bosagora? How will this new acquisition enhance your #metaverse based citizen engagement urban development? What can we expect from Bosagora in the future with this implementation?
I understand that the BOSAGORA platform is a decentralized cryptocurrency in its own evolution that is based on Trust Contracts and an integrated decision-making system. What is BOSAGORA for? How does the BOSAGORA platform work? What is the integrated system adopted by BOSAGORA? What are the actions that you will take to be able to provide an efficient service?
Knowing that BOSAGORA offers trust contracts which are executable in a secure way based on a protocol layer. Could you explain how this layer of the protocol is designed? Could anyone use the BOSAGORA platform? Does anyone have the same voting rights as large investors?
BOSAGORA’s vision is to contribute to making a better world with blockchain technology as a facilitator of projects, now my question is, how is BOSAGORA contributing to improve blockchain technology? Could you explain to me how T-Fi is structured? What are the distinctive aspects of BOSAGORA?
By the time the BOSAGORA blockchain network function will be complete / complex functions and validation parts for the block processing and the integration of tools and management functions necessary for the operation of the node, they will carry out external audits to ensure that there are no errors in CoinNet, have you considered working with exchanges and other API users, are your proposals already final or are they subject to correction?
I read about the BOSAGORA Foundation, but the information obtained was not much, which can tell us about the foundation and its role in the development of the project, do you consider being able to timely achieve security, decentralization and scalability in the blockchain space and contribute to the ecosystem Defi for the benefit and welfare of users?
Tell us about the 4 steps of the planning process that BosAgora proposes in its financial model, which will be the mechanisms to collect opinions from BOA holders to select and support proposals as business models that are useful for the ecosystem and that this will be a bridge To attract businesses with value and profitability, what will be your means to control inflation in the short term or increase the value of BOA?
It is awesome to know that BOSAGORA care on the community because we know that community plays significant role in the successful project. I hope you also have the same perspective in this community role. I found out at the website that BOSAGORA opens opportunity to be the Ambassador that help nurture and grow a healthy environment for all. What is the main requirements to apply for this opportunity? Is it for certain regions that you are focusing only? Or is it for global Ambassador?
At your website, there’s three language versions, English, Korean and Chinese. It is nice to catch out more people with more languages available. In the future, do you provide more languages at the website? so that more regions people from different countries can get the same information from BOSAGORA. Do you consider on doing this?
It is no secret to anyone that Bosagora has increased its popularity in recent months as one of the most sought after tokens in Coingecko, could you explain to us what are the main marketing strategies they use and how can the Bosagora community benefit from this popularity? Do you have alliances with projects of the same nature in the crypto universe?
BOSAGORA characterizes itself as a “project enabler” in fact you aim to make a better world through this, could you tell us about what is told in the recent news about the completion of the CoinNet function development to this end? What follows in the planning and development process of the project to, as you say, create a better world?
Greetings BOSAGORA, I know that you are the first ICO project in South Korea since 2017 and that it aims to make a better world. My question is: How many goals are you working on at the moment? Can you explain a little about the goals you are planning to make a better world? How do you plan to achieve these goals? How far along is the MetaCity metaverse and what is it? What is this metaverse linked to and when can we use this metaverse? What is the function that the BOA token will fulfill in MetaCity? You can offer us more information about these functions
tell us a little bit about the $BOA token, tell us what is the role that $BOA takes in its ecosystem, its utilities and real life use cases, what are its long term benefits and where can we buy it, also knowing that nowadays burning and buyback, represent two very valuable systems to guarantee a stable value, tell us if these, are used in BOSAGORA to keep the price of the token attractive to investors?
In your website you mention, that the BOSAGORA team aims to implement the Trust Contracts, so, could you tell us a little bit about these contracts, what guarantees that they are safe and reliable for their users and tell us, what tools can be used by everyone thanks to these contracts?
What does the name of your metaverse known as ESG MetaCity mean that ESGs are? Can you explain and give us more information about MetaCity and what are the big differences between other Metaverse projects? What do you plan to establish in MetaCity? a City based on what? Can you give us more information about what would be Metacity?
What is the difference between the Trust contracts implemented in Bosagora and regular smart contracts? What are the benefits and use cases of each?
BOSAGORA helps users building ideas even if they don’t know much about blockchain technology. What knowledge do we have to have to get into BOSAGORA, and be able to use the platform properly and efficiently?
many new investors who agree to cooperate with you, they are very confident in your big project.
Can you tell us briefly and precisely what big things are coming for your project?
One of the products that I noticed that BOSAGORA has is the #MetaCity, then, could you share with us about this product, what is its objective, what do you want to build, how do you involve the community in it, what kind of requirements does a user need to meet to belong to #MetaCity or how much should I invest to be able to have a space?
to build a blockchain-based #Metaverse virtual city that is linked to real life as BOSAGORA proposes, it is necessary to have sponsors and business partners, so tell us what BOSAGORA is doing to build strong partnerships that bring value to the project and help build the virtual city they are proposing?
To ensure the stability and growth of the token, do you implement some mechanisms such as the BuyBack system, you can share with us what other mechanisms and/or systems you implement deployed to provide stability and maintain constant deflation of this token?
I see from your web most of your investors come from your own country.
Will investors from outside your country join in in the future?
such as overstock, rakuten, etsy or even PayPal.
maybe even Microsoft, maybe that’s a great thing your current investors want.
BOSAGORA has developed a deliberate decision making platform, called Votera, so could you tell us more about this platform, how it works, who it is aimed at, what is its importance within the BOSAGORA ecosystem and what kind of decisions are handled through it?
all users want to be part of solid and safe projects, knowing this, tell us, what characteristics make BOSAGORA a solid project with future, tell us what are your proposals for the community, what elements support them and above all, what guarantees that BOSAGORA is safe for investors, tell us, from why users should trust the project and invest to what systems are used to ensure that malicious attacks do not harm those users who do decide to support them.
If there are numerous security and decentralization difficulties with the POW-based system. Why did BOSAGORA select this protocol? How did BOSAGORA solve this constraint?
As far as I am aware, the BOSAGORA team has finished The Quorum Balancing MVP. How will the validation of transactions work? Is this a significant shift for BOA?
About Deliberative decision-making platform of Bosagora project. How does this platform works? Can You tell us about the technology behind?
Why did $BOA choose to construct on the Ethereum blockchain rather than the tron or Binance blockchains, which have lower gas and cost structures? Is there any intention of establishing $BOA’s own chain or migrating to another network?
You mentioned that BOSAGORA will overcome the problems of collective decision-making processes and establish a decision-making system that is more inclusive and efficient. To achieve this, “Votera”, an online decision-making tool, will be implemented. What are the key features of “Votera” that make it the ideal tool to address these problems? What are the aspects of “Votera” that most caught your attention? What are the strengths of “Votera”? Does Votera guarantee anonymity for all participants? Is “Votera” fully customizable?
From what I understand, Bosagora is a tech-heavy platform; so much, that it is actually quite complicated to understand what is the real use or mission behind it. So, would you explain in simple terms? What is Bosagora? What can it do? What purpose does it serve? What solution does it bring to the crypto space, what problem does it solve? Is it a useful tool for us, as regular, small investors, or not?
The upcoming event on December 7th, 2021 MetaCity Summit 2021 is announced to become an additional research point for analysts to brainstorm how metaverse can help municipalities in building developed and community driven centers. Could you share your personal vision on how can this collaboration be built? In which areas of city daily schedule the implication of metaverse would lead to progress in quality of life of its citizens? Can you already share any existing examples? Thank you!
My question is about the security of the project, could you tell us what Trust Contracts are and if it is an exclusive technology from Bosagora? Do you need special expertise on the part of the developers to use these tools? What is different with the rest of the protocol layers?
According to your website, Bosagora is pursuing democracy, legitimacy, fairness and transparency but could you tell us what’s on the table to achieve all this? How does the ecosystem involve the community? Do you have a DAO governance? Could you explain how does this part works?
Reading through your whitepaper, I came across some of Bosagora’s Network Interactions which includes; Proposals, Transactions and Coin freezing. Been that these functions are crucial to the network, can you carefully elaborate on each of them, who are the principal actors and participants in all of their decision making processes? Also, can you elaborate a little bit more on Coin Freezing, why does Bosagora deem this particular function as a necessary action, and can you let us know how it is systematically implemented by the Network?
Bosagora is building the first fully decentralized full-node Proof of Stake blockchain that uses a Federated Byzantine Agreement consensus algorithm. In this sense a major attention is directed towards Bosagora community. MetaCity Lab is promoting multiple projects where the center of decision making process is always a community. Your Whitepaper also mentions the differences between decision making process in Bosagora compared to Bitcoin and Ethereum as an advantage for Bosagora thanks to Congress Network where 1 node = 1 vote. Please explain why is it so important for you to give more power to community and not to team members? What risks do you see in this? And how they can be avoided?
A visit to your website details some of your notable achievements right from early operations as far back as 2017 till date. One of such memorable event identified was when you rebranded in April 2019 to BOSAGORA, derived from the combination of the words BOS and AGORA. If you wouldn’t mind, can you kindly share a little bit of your history right from conception to onward rebranding and consequently current technological improvements, how far and well do you think BOSAGORA has grown as a project? Why do you think rebranding the project was necessary then? Still exploring your website, I couldn’t find a working roadmap for BOSAGORA, neither was it available in your documents. Can you kindly share this piece of info. with us?
Is your service already offered by a centralized entity? If so, why does decentralizing it make it better?
Are you taking an precautionary measures to ensure scammers will not be able to mislead investors into sending funds to the wrong address?
What languages will your website, whitepaper, and marketing be offered in?
The BOSAGORA team aims to overcome the technical and operational issues inherent in many cryptocurrencies, which are these issues and which solution do you have to them? Please give us a brief insight.
I just found out that recently
Bosagora keeps developing a Metaverse-specific blockchain platform, and was registered as a Metaverse project on CoinMarketCap and CoinGecko and it was also listed as a Metaverse token on KuCoin and Gateio. So,is this Metaverse-specific blockchain is just another version of Bosagora or you are just upgraded from a project enabler to a Metaverse-specific blockchain? Why you decided in developing a Metaverse-specific blockchain platform? Can you explain the structure and system of your Metaverse-specific blockchain platform? How it was being implemented and what are the great features behind this Metaverse? Lastly,as this Metaverse project was registered on CoinMarketCap and CoinGecko and it was also listed as a Metaverse token on KuCoin and Gateio,so do you launch any other token different from $BOA token or it is the $BOA token itself and it is just only upgraded to Metaverse project? Thank you
BOSAGORA has reached another milestone which is the Completion of CoinNet functionality development. So,can you explain and describe more about this CoinNet functionality development of your platform? What will be the use of CoinNet in Bosagora network? How does this CoinNet functionality development brings a great impacts in Bosagora platform and to your community and investors? As this CoinNet functionality development is already completed,what great contribution it gives to Bosagora? thank you
BOSAGORA has two layer protocol, layer 1 and layer 2. Can you please enlighten us about the difference and features of these layers? Is there scaling, and is it similar to that of projects on EVM?
For the BOA coin mention was made for the tokenomics, but I didn’t seem to find mention of the use cases, like governance and the likes. Please can you highlight the major use cases of BOA both currently and future uses.
Hi Bosagora, I wanted to know even more about how interesting MetaCity sounds, and I think many of us are interested in the EGSMetaCity use cases. Could you give us more information about the metaverse known as EGSMetaCity? What is the first project that you have planned to develop in MetaCity? Can you give us a short briefing on the first EGSMetaCity project? What do you have in store for the environment, for social media and for governance? can you explain these three important points of the ESGMetaCity metaverse to us. Thanks
Bosagora will have its metaverse known as MetaCity, and they plan to open Eco Museum, with the environment in mind, since you can participate in the environmental movement through MetaCity. For social networks, MetaEdu will have an educational program that uses Metaverse, and for the government they will use a metaverse voting platform, known as MetaAgora. Already knowing these key points of the MetaCity Metaverse, I would like to know more detailed information about its functions and when we can see and participate in the metaverse that they are creating, on what date will it be ready for its official launch and how we can participate and what would be the requirements for the community participate in all the functions that are developing in the metaverse MetaCity?