What is BOME token? A comprehensive guide to understanding its value and utility

BOOK OF MEME (BOME) is an innovative meme project aiming to preserve meme culture on the Blockchain. It merges web3 culture, meme preservation, and decentralized finance, utilizing memes, decentralized storage solutions like Arweave and IPFS, and the BOME meme coin on the Solana Blockchain. BOME functions as a digital archive, immortalizing the ever-changing world of memes. This accessibility makes it easy for newcomers to cryptocurrency to engage with and appreciate the rich internet history and humor contained within memes. Explore BOOK OF MEME, its tokenomics, and trading BOME tokens on CoinEx in our detailed guide below.

Features of the BOME project

The BOME project is an extensive ecosystem designed to honor and protect meme culture. It achieves this through a digital meme book that uses metadata to link each meme to the BOME token. Additionally, image connections are stored on decentralized platforms like IPFS, ARWEAVE, and the blockchain.

The project is expanding to include a decentralized social networking app with meme creation tools and a CC0 Meme Clipart Collection. Additionally, the platform is introducing several tools and features:

• DF1 meme enhancer: This tool improves meme quality by allowing users to enhance their creations with more detail.
• Unminted or ynpublished memes: This section stores memes that have not yet been minted or published, providing a repository of fresh, unseen content.
• Genart pages and meme games: This feature adds generative art pages and meme-based games to the BOOK OF MEME, enhancing the platform's entertainment value.

These tools underscore the BOME project's dedication to serving as a central hub for meme enthusiasts, blending the enjoyment of meme creation with the security and permanence of blockchain technology.

What is the BOME token?

The BOME token, a key element of the BOOK OF MEME project, seeks to transform Web3 culture by merging memes with decentralized storage solutions and cryptocurrency trading. Built on the Solana Blockchain, it utilizes Arweave and IPFS for meme storage, with future plans including Bitcoin integrations.

CoinEx listed the BOME Token on March 14, 2024, at a starting price of $0.000858. Since then, it has surged by over 1,015.31%, indicating its potential in the cryptocurrency market.

BOME tokenomics

Tokenomics, the economic model governing a cryptocurrency, encompasses distribution, supply, and utility. Here's the tokenomic breakdown of the BOME Token:

• Total supply: The token has a maximum supply of 69,000,000,420 BOME (69 billion), with 55.19 billion currently in circulation.
• Community fund: 20% is allocated to the community, set to unlock in three months.
• Liquidity pools: 30% of the total supply is reserved for liquidity pools, ensuring ample trading volume for users.
• Presale: 50% of the total supply was available during the presale, enabling early supporters to invest.
• Metadata mutability: This feature allows continuous updates to the token's content, ensuring the project remains dynamic and engaging.

Critical aspects driving the BOME craze

The BOME Token has shown impressive investment prospects. After its debut on CoinEx on March 14, 2024, it swiftly rose by more than 1,015.31%, indicating considerable investor enthusiasm. As per CoinEx, its present market capitalization is $1.04 Billion, with a circulating market capitalization of $829.04 Million.

Listing on multiple exchanges

The BOME token has been listed on several leading cryptocurrency exchanges, including CoinEx, with a BOME/USDT trading pair, and on the Futures market with 20 times leverage. This widespread availability not only highlights the increasing popularity of the BOME token but also makes it more accessible to a diverse range of global investors.

Solana ecosystem adoption

Integrating BOME into the Solana Blockchain has boosted its visibility and attractiveness, leveraging Solana's reputation for high adoption rates and growing user activity.

BOME project uniqueness

Investor interest in BOME is also fueled by the project's unique focus on immortalizing meme culture on the blockchain. This, along with its innovative features like meme creation tools and a decentralized social network, sets BOME apart from other crypto projects, making it more appealing to potential investors.

How can one trade BOME tokens on CoinEx?

CoinEx is a globally recognized cryptocurrency exchange, trusted by over 5 million users worldwide, and operating with a 100% reserve. With support for more than 900 tokens, including BOME, users can trade seamlessly and efficiently. To purchase BOME tokens on CoinEx, follow these steps:

1. Create an account: Sign up for a CoinEx account.
2. Deposit funds: Log in and deposit funds into your CoinEx account using supported cryptocurrencies or deposit methods.
3. Navigate to BOME trading page: Once funded, go to the BOME trading page on CoinEx. Use the search box to find the BOME trading pairs, such as BOME/USDT.
4. Select a trading pair: Choose the BOME/USDT trading pair to trade BOME against USDT.
5. Specify the purchase amount: Decide the amount of BOME you want to buy. You can buy at the current market price or set a limit for your preferred buying price.
6. Execute the trade: Confirm the details and submit your order to execute the trade.

Following these steps will enable you to easily trade BOME tokens on CoinEx.