After reaching an all-time high on 4th March, BOA (BOSAGORA’s native token) has now been listed on South Korea’s largest exchange – Bithumb. The listing was announced on 8th March.
The timing of BOA’s all-time high can’t be at a better time. On 5th March 2020, the legislators in the South Korean parliament passed legislation that provides a clear framework for cryptocurrency trading. The move is expected to bring greater certainty, security, and growth to blockchain-related projects in the country. And being a project from South Korea, BOA is expected to take the full advantage of this.
BOSAGORA is focussed on building an open decentralized blockchain that ensures transparency of the consensus algorithm and clarity of contracts. The company’s vision is to create a fair and forward-thinking blockchain, one that benefits the entire world.
The project is further bolstered by its scalability, as it plays host to an in-built second layer solution called the Flash Layer. In some ways similar in concept to Bitcoin’s Lightning Network, BOA’s Flash Layer allows for the near-instantaneous confirmation of transactions without adding additional strain to the blockchain, or settlement layer.
BOA is currently trading at $0.0864 and has a market capitalization of $24 million. The cryptocurrency is listed on three exchanges currently – Bithumb, GDAC, and Coinbene.
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