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About BHO Network
Key Points
- BHO Network is built on BHO Chain (BHC-20), a foundational component enabling the development of a complete ecosystem based on blockchain technology.
- The network aims to support innovations in various verticals, including supply chain, media, healthcare, trade finance, and more.
- Co-founders: Nhat Phan (CEO) and Duong Le (CTO).
- BHO Network offers a native utility token, BHO, used for transaction fees, staking, governance, and participating in BHO Launchpad.
- The network utilizes the Substrate framework, promoting scalability through parachain and transaction efficiency.
- BHO Network has launched significant initiatives, including
About the BHO Network Ecosystem
BHO Network: A Revolutionary Blockchain Ecosystem
BHO Network is founded upon BHO Chain (BHC-20), a pivotal and indispensable component of the BHO Network, empowering the creation of a comprehensive ecosystem rooted in blockchain technology. Our blockchain platform is dedicated to fostering innovations not only from novel projects with groundbreaking ideas in this realm but also supporting established companies that recognize blockchain as a solution to unlock significant operational efficiencies. Furthermore, we strive to extend this support across a diverse range of verticals, including supply chain management, media and entertainment, identity and credential verification, healthcare, trade finance, financial services, government, digital assets, retail, and many more. Ultimately, the BHO network encompasses not only its native application but also all other applications developed on the BHO chain.
Our Vision, Mission, and Core Values: Shaping the Future of Cryptocurrency
The Visionaries Behind BHO Network: Meet the Founders
- Co-founder & CEO – Nhat Phan (Mr.). A seasoned entrepreneur, he is also the co-founder of VNbot, a capital management system. With a strong background in cryptocurrency, social media, and online gaming, particularly MMORPG, Mr. Nhat brings a wealth of expertise to the table.
- Co-founder & CTO – Duong Le (Mr.). As a seasoned AI engineer, he has also co-founded Guu and Polaris, leveraging his technical prowess to drive innovation.
Unveiling the BHO Network: A Comprehensive Ecosystem
With its unparalleled transaction throughput and disruption-resistant architecture, BHO Chain enables the creation of intelligent features tailored to the financial services sector, leveraging the unique attributes of blockchain technology at a minimal cost. Furthermore, we are pleased to introduce BHO, our native utility token, which serves multiple purposes: facilitating transaction fees and lending fees on the BHO Chain; incentivizing validator nodes on the network through staking rewards in BHO tokens and parachain crowd loans; exercising on-chain governance rights; and participating in the BHO Launchpad.
Unveiling the Unparalleled Attributes of BHO Network
By leveraging the Substrate framework, BHO Network is committed to promoting scalability through parachain and transactional efficiency, thereby addressing the slow transaction times inherent in other blockchains. Furthermore, the interoperability design and cross-chain compatibility enable seamless information sharing and functional collaboration between disparate blockchains and applications. The BHO Network blockchain is poised to empower the NFT ecosystem, where GameFi and Metaverse projects can leverage tokenization to convert their assets into NFTs and asset-backed tokens, thereby establishing proof of creditworthiness and gaining unfettered access to diverse financial services within the crypto sphere. This next-generation blockchain aims to provide comprehensive toolkits for game developers to build and engage players through a multi-chain NFT marketplace, interoperable DEX, and wallet. True to our roadmap, BHO Network has launched several initiatives to popularize DeFi adoption. Our Staking Rewards Event attracted an impressive 140 million BHO value locked, equivalent to approximately 70% of its net circulating supply, within the first 10 days of the event. Subsequently, one of BHO Network’s key features – NFT issuance – was fully developed on its Testnet platform, with the inaugural NFT being the project’s official logo. BHO Network has also launched the Testnet-version blockchain, dubbed Cygnus, featuring key functionalities such as creation, destruction, and listing of user-generated tokens and NFTs, as well as adding or creating a wallet to send and receive BHO tokens and other related features. Under these circumstances, BHO Network’s Mainnet was slated to launch by December 2021. Recently, on March 31, BHO successfully launched its Launchpad product, BHO Pad – a decentralized start-up launch platform built on cutting-edge blockchain technologies with an intuitive user interface. Moreover, BHO Pad offers a “triple threat” solution to help alleviate specific challenges faced by blockchain start-ups, providing not only capital raising support but also operational resources and strategic planning consultations for projects.
Delivering Excellence: Our Commitment to Exceptional Client Experience
Vision: BHO Network aspires to evolve into a decentralized, globally interconnected open blockchain ecosystem, fostering a seamless and inclusive environment for innovation and collaboration.
Commencing with the Southeast Asian market, BHO Network will emerge as a versatile platform, designed to provide seamless solutions for straightforward and pragmatic blockchain applications.
Mission: Empowered by a talented and enthusiastic young team, we are dedicated to delivering user-centric solutions that exceed expectations.
Welcoming, secure, and low-risk blockchain solutions, establishing BHO Network as an ecosystem deeply rooted in real-world applications.
Fundamental Principles:
C –
Credibility
: Our paramount core value is credibility, which we uphold by fostering an organization rooted in trust, authenticity, and transparency, thereby delivering unwavering reliability to our customers. A –
Accessibility
: We have designed the BHO Network to be universally accessible, ensuring that our products and ecosystem are easily understood and navigable for all. R –
Result
: We remain steadfast in our commitment to our vision and mission, driven to deliver exceptional value to our investors and users alike. E –
Empower
: By entrusting our communities with decision-making authority, we embody the true essence of decentralization, empowering our users to take an active role in shaping our collective future.
Unparalleled Velocity
The BHO network boasts an exceptionally high transaction processing speed, enabling it to seamlessly handle thousands of transactions per second, thereby ensuring seamless compatibility with thousands of validators without compromising on performance.
Affordable Entry Point
Notably, the BHO network boasts an exceptionally low transaction fee, courtesy of its higher block time and block size. Unlike gas-metering models, BHO employs a weight-based fee model, where fees are levied prior to transaction execution. Once the fee is settled, nodes proceed to execute the transaction.
Sustainable and Environmentally Conscious
BHO’s network boasts a novel consensus mechanism that is remarkably flexible, efficient, and environmentally friendly, rendering it a sustainable and preferred platform for numerous developers and innovators in the long run.
Unleashing Limitless Potential: Scalability Redefined
The BHO Network Consensus mechanism can be seamlessly integrated into existing networks, thereby achieving pre-network finality, or it can be layered on top of custom virtual machines, giving rise to independent networks that can be tailored to serve specific purposes. At its core, the BHO network represents a novel approach to achieving consensus, with the ultimate goal of creating a flexible, scalable, and usable blockchain ecosystem.