What is Boopsy? What are BOOPs?
Boopsy is a smart contract that awards more BOOPs to holders of BOOP until there are no more BOOPs to be given.
How it works
Supply starts at 5m BOOP and grows to a maximum of 100m BOOP.
When the number of holders of BOOP increases over a given day, all holders are rewarded with more BOOP. At the same time, the following
reward rate is decreased because demand is already high. (Minimum: 1%)
When the number of holders of BOOP did not increase over a given day, no new BOOP is rewarded that day, but importantly, no BOOP is ever
taken away from holders.
Instead, the reward rate for the following day increases as to attract new holders. (Maximum: 5%)
The project is complete and the Boopsy smart contract has been deployed as of February 19, 2021.
Boopsy will be launched on Uniswap on Sunday February 21, 2021 at approximately 21:21 UTC (1:21 PM PST / 2:21 PM MST / 4:21 PM EST).
1m of the total 5m initial BOOP tokens will be allocated to the Boopsy team for development and liquidity costs.
The remaining 4m BOOP will be added to the Uniswap ETH/BOOP trading pair in tranches over time.
The initial liquidity will be approximately $100k USD (in ETH) to 1m BOOP, giving approximately $0.10 per BOOP. This gives a fully diluted market cap of $500k.
Complete
The Boopsy ERC20 smart contract is done and deployed to the Ethereum network.
Increasing balances
As the number of holders increase, so does the balances of holders, but the next reward rate decreases.
Increasing reward rate
As the number of holders decline, no new tokens are issued, but the next reward rate is increased.
Governance-free
Boopsy does not rely on the outside world to do its job. It keeps track of the data it needs to adjust the supply and reward rates as needed.
Collateral-free
Boopsy does not require holders to risk, lock, or stake assets in order to receive rewards. Boopsy rewards holders of BOOP with BOOP.
ERC20
Boopsy runs on the Ethereum network following the ERC20 coin standard, making it compatable with most popular wallets like MetaMask.
Uniswap (BOOP)
Boopsy was launched fairly on the Uniswap decentralized exchange.
Finite supply
Once the total supply increases to 100M BOOP, no more BOOP will be created.
If you are interested in this, please visit https://boopsy.finance
Here is the token
contract: https://etherscan.io/token/0x76Ed97e2F710e259EB9379Fe50B660f77d716683
Uniswap info: https://info.uniswap.org/token/0x76Ed97e2F710e259EB9379Fe50B660f77d716683