Bozo Finance describes itself as "the first Crypto Sentral Benk." Its meme-themed mission is to “flip the banks” and create a decentralized financial system where "every transaction is a joke and every joke is a transaction". Its native token, $BOZO, fuels and powers the Bozo Benk ecosystem, with a maximum supply capped at 800,000,000 tokens.
Key features of Bozo Finance include "Benk Notes," which are non-fungible tokens (NFTs) backed by tokens and "Benk Vaults" where tokens are stored. This facilitates a Hybrid DeFi model combining tokens and NFTs, where the NFT represents the underlying tokens. Bozo Finance also offers a Decentralized OTC (DOTC) solution which enables P2P trustless transactions through NFT marketplaces to mitigate slippage for large trades.
The tokenomics of $BOZO are described as deflationary, as locked tokens and NFTs reduce the circulating supply, creating scarcity. The system also allows for fractionalization, where Benk Notes combined with tokens can facilitate a form of dollar-cost averaging into NFTs. Additionally, it supports token-backed Profile Pictures (PFPs).
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