**Tokenomics is an important concept in the cryptocurrency (crypto) field, which is a key factor that can influence the future of the project's token. In this article, BHO Network will explain the definition of Tokenomics and its importance.**


# What is Crypto Tokenomics
Created from a combination of the terms “token” (cryptocurrency) and “economics,” Tokenomics is an important concept. To understand this term, we first need to understand the definitions of its two components.

Economics is a social science that analyzes how individuals, organizations, governments and states allocate their resources primarily through the production, distribution, and consumption of products and services.

A token is a non-native digital asset based on an existing blockchain (e.g. ETH is the native token of Ethereum, and other projects may launch their own tokens on the ERC-20 standard).

Combining these two definitions, we can conclude that Tokenomics is the economy of the token, how it is adopted, distributed and operated by the project.

# The importance of Tokenomics
In the same way that central banks leverage monetary policy; the right design, management, and implementation of tokenomics allows project teams to create an efficient economy that facilitates growth. ecosystem development and token price growth.

For investors, tokenomics is a paramount factor to consider, as it greatly affects the future value of digital assets as well as whether the project is capable of achieving its set goals. out in its development roadmap or not.

Simply put, regardless of the team's expertise and dedication, the potential of the project, and the amount of capital raised from the funding rounds, bad tokenomics can lead to the total failure of the company. a cryptocurrency project.

# Tokenomics: 4 Crucial Factors to Consider
So what makes a good tokenomics project? Below, you'll find four key elements to answering this question.
## 1. Utility
Usability is perhaps the most important factor in the tokenomics of a crypto project. Scarcity has no value if the token has no application. Even if a token has a deflationary model, has the best price stability mechanism, has a decentralized and efficient on-chain governance and distribution mechanism, it will not have much value if it no use value.

So is fiat money, it only has value if the citizens of that country use it, such as to make their daily payments, investments and other transactions. This is also why some central banks have not supported digital assets in the past.

So crypto projects must build apps for their digital assets with functions that benefit the ecosystem and the participants.

Common functions include:
- Earning opportunities via activities such as staking, mining, yield farming, and revenue-sharing
- Governance
- Medium of exchange on a platform or in the whole ecosystem
- Collateral for other assets in the ecosystem (e.g., stablecoins)

For example, ETH’s primary utility is to cover transaction fees as well as the deployment of dApps and smart contracts. On the other hand, users utilize Bitcoin both as a store of value and a medium of exchange.

In general, the utility of a token is responsible for creating demand, which drives up the digital asset’s value if the supply stays the same or decreases.

## 2. Supply and Price Stability Mechanisms
Another crucial factor to crypto tokenomics is supply and price. Crypto projects also have to carefully manage the supply of their tokens, as it also has a direct influence on its price in the following ways:
- If the token’s supply increases while demand stays the same, it will lead to a fall in its price.
- On the other hand, the coin’s price will increase with the decrease of the supply (while the demand remains unchanged).

For that reason, if a crypto project seeks to facilitate great returns for investors, it can design the token as a deflationary asset that moves a significant portion of the coins out of circulation over time.

One alternative solution is to create an inflationary asset and reduce its rate of inflation gradually. Bitcoin is an excellent example, which halves the new coins that can be mined with each block roughly every four years until it reaches its maximum supply of 21 million BTC in 2140 (Bitcoin Halving).

However, in some cases, inflation or the lack of a maximum supply is necessary for a token to execute its core functionalities due to the nature of a crypto project’s solution. For example, while ETH’s supply doesn’t have a hard cap, the project mints new coins to incentivize validators to maintain the ecosystem.

Basically, crypto projects can control the supply of their tokens in two primary ways:
- By (not) limiting the number of coins that can be issued (maximum supply)
- By implementing a price stability mechanism that moves coins out of circulation (e.g., coin burnings and buybacks, as well as the halving in BTC’s case)

Overall, before investing in a coin, it’s essential to analyze the dynamics and mechanisms of an asset that directly impact its supply.

While some coins can maintain long-term growth with minimal increase in demand due to deflationary processes, there are others that experience inflation-induced price crashes even after attracting a record number of new capital and buyers.

## 3. Distribution
If a project fails to distribute tokens to their users in one way or another, no one will be able to use their network. For example, Ethereum will have no users if no one owns ETH to participate in the network and build Dapps.

Projects can distribute tokens in a variety of ways. Some choose to distribute more to the development team and early investors. Others, usually projects using the fair launch model, choose to distribute tokens to the community more.

For example, coin distribution occurred in the following ways at the below crypto projects:
- Ethereum kicked off with a crowd sale in which participants contributed 31,000 BTC. For that reason, crowdsale contributors received 60 million (83%) of the initial 72 million ETH, with the remaining 12 million ETH (17%) going to be distributed to the original contributors and Ethereum Foundation. After that, new ETH was created and sent to the miners as a reward for developing the ecosystem.
- There is debate in the community about whether Bitcoin creator Satoshi Nakamoto pre-mint the first few Bitcoins or bought them as a regular miner (since he was the first to mine BTC), we have can conclude that Bitcoin has a fair launch model in its initial distribution terms. Regardless of whether it is pre-mint or not, Satoshi's 1.1 million BTC is still in place, not a single Bitcoin of which is in circulation. That said, the remaining funds have been distributed among Bitcoin “miners” (just like in the case of ETH).
- Ethereum-based Uniswap has a completely different distribution model, combining the fair launch model and the ICO period of 2017 (the latter, the project team, investors and advisors benefit the most). After the September 2020 release, the initial supply of 1 billion UNIs is allocated as follows: 15% airdrop to the community, 2% to liquidity mining, 43% to admin fund, 21.51% to development team, 17.8% for investors and 0.69% for advisors (all of which have a vesting period of 4 years except for the part for airdrops and liquidity mining).

The distribution model of a token greatly affects whether a crypto project has the necessary funding to achieve its goal in the roadmap, and whether its business model is sustainable. It also affects the investor's view of the project.

Since decentralization and transparency are two qualities that are valued in the crypto space, the community generally prefers the fair launch model. Assuming most of the money is distributed among development team members and investment funds, the community may feel suspicious. However, this model helps ensure developers and ecosystem participants have access to the resources needed to make their vision a reality.

But, to be fair, it is safer to distribute tokens equitably among (tens of) thousands of users rather than a few initial whales or large investors, as it greatly reduces the risk of such as price manipulation, project sabotage, or centralization of governance processes.



## 4. Governance
The last factor that determines the success of tokenomics and that project is governance. While it has an indirect effect on the future success of a crypto project and the project's token price, it is also an equally important factor, especially for tokens with administrative function.

Just like the impact a government has on a country's economy, a project's core development team or committees and governing bodies have a significant influence on a project's future and token price.

Furthermore, the governance process itself is also important. Regarding the governance model, here are some key highlights that investors should consider:
- The level of centralization (the core team has the ultimate authority vs. a fully decentralized community governance process)
- Whether governance occurs on the chain or off the chain (although, off-chain governance can still be decentralized)
- How accessible is the governance process for the average user (e.g., how easy it is to create a proposal and vote on it)
- The minimum share of votes required to approve a proposal
- The core team’s background, skills, and experience if they are highly involved in the project’s governance

Overall, while decentralization is highly valued in crypto, it doesn’t mean that all projects featuring decentralized governance are better than ones that are either fully or partly centralized. Transparency, integrity, cooperation via an efficient process, and a professional team (whether they are core developers or elected community members) matter more in this field.

# Tokenomics: a Crucial Concept in Crypto
Tokenomics has a significant impact on the future of the project and the price of its digital assets. For that reason, this is an important concept that everyone in the crypto space should know.

Project development teams can design their tokenomics to achieve their goals and achieve their vision faster. Investors can study tokenomics to assess whether a digital asset is worth the investment and its potential risks and returns.


Tokenomics is an important concept in the crypto field. In this article, BHO Network will explain the definition of Tokenomics and its importance.

large_photo_2022-05-24_15-40-07.jpg

medium_photo_2022-05-24_15-40-07.jpg

small_photo_2022-05-24_15-40-07.jpg

thumbnail_photo_2022-05-24_15-40-07.jpg

photo_2022-05-24_15-40-07.jpg

Tokenomics: 4 Factors That Determine a Crypto’s Success

**Currently, investors can buy BHO on Pancake Swap and MEXC platforms. Below are detailed instructions for purchasing a token on the two platforms mentioned above.**

# Instructions to buy BHO tokens on Pancake Swap
## On browser
**Step 1:** Visit Pancake Swap website: https://pancakeswap.finance/
![Screen Shot 2022-05-17 at 11.44.59.png](https://cdn.bho.network/cms/Screen_Shot_2022_05_17_at_11_44_59_d57ac6bcf0.png)

**Step 2:** Connect the wallet address you want to buy and store tokens to the website

Select the wallet you want to connect to. Pancake Swap currently supports Metamask, Binance, Coinbase, Math, Token Pocket, Coin 98 and Blocto wallets. For your convenience, in this tutorial we choose Metamask.
![Screen Shot 2022-05-17 at 11.46.56.png](https://cdn.bho.network/cms/Screen_Shot_2022_05_17_at_11_46_56_909107aa4e.png)




**Step 3:** Transaction

On Pancake Swap's toolbar, go to "**Trade**", select "**Swap**".
![Screen Shot 2022-05-17 at 11.47.46.png](https://cdn.bho.network/cms/Screen_Shot_2022_05_17_at_11_47_46_826e501643.png)










**Step 4:** Add BHO token 

Type the token name “**BHO**” in the search box, select the token with the correct BHO logo as shown below, or search by the BHO token address to ensure accuracy.

BHO token address: **0x8717e80EfF08F53A45b4A925009957E14860A8a8**

After checking the correct BHO name and address information, confirm by selecting “**I understand**” and click “**Import**”.
![Screen Shot 2022-05-17 at 11.49.48.png](https://cdn.bho.network/cms/Screen_Shot_2022_05_17_at_11_49_48_27f2446669.png)
![Screen Shot 2022-05-17 at 11.51.06.png](https://cdn.bho.network/cms/Screen_Shot_2022_05_17_at_11_51_06_42f18ec3b7.png)
























**Step 5:** Purchase BHO tokens

Choose the currency you want to convert to BHO, the default token of Pancake Swap is BNB. Then enter the number of tokens you want to convert, the system will calculate the amount of BHO received after the conversion.
![Screen Shot 2022-05-17 at 11.53.30.png](https://cdn.bho.network/cms/Screen_Shot_2022_05_17_at_11_53_30_a9cdeef564.png)
















**Step 6:** Confirm the transaction

- On Pancake Swap
![Screen Shot 2022-05-17 at 11.57.47.png](https://cdn.bho.network/cms/Screen_Shot_2022_05_17_at_11_57_47_9eef197691.png)


















- On Metamask.
![Screen Shot 2022-05-17 at 11.58.28.png](https://cdn.bho.network/cms/Screen_Shot_2022_05_17_at_11_58_28_997899d7c8.png)


**Step 7:** Complete the transaction
![photo_2022-05-15_19-45-59.jpg](https://cdn.bho.network/cms/photo_2022_05_15_19_45_59_78707e48a7.jpg)


## On Trust Wallet
**Step 1:** Open the Trust Wallet app on your mobile device.

**Step 2:** Select "**Browser**", in the search box type Pancake Swap or enter the link address https://pancakeswap.finance/
![photo_2022-05-21_18-01-29.jpg](https://cdn.bho.network/cms/photo_2022_05_21_18_01_29_ab0677613f.jpg)

**Step 3:** After accessing the Pancake Swap website, connect the wallet by clicking “**Connect**”. Select Trust Wallet (If the Trust Wallet icon is not displayed, click “**More**”)
![photo_2022-05-15_19-42-31.jpg](https://cdn.bho.network/cms/photo_2022_05_15_19_42_31_71c0c28506.jpg)


**Step 4:** Add BHO token:

Type the token name “**BHO**” in the search box, select the token with the correct BHO logo as shown below, or search by the BHO token address to ensure accuracy.

BHO token address: **0x8717e80EfF08F53A45b4A925009957E14860A8a8**

After checking the correct BHO name and address information, confirm by selecting “**I understand**” and click “**Import**”.

**Step 5:** Purchase BHO token:

Choose the currency you want to convert to BHO, the default token of Pancake Swap is BNB. Then enter the number of tokens you want to convert, the system will calculate the amount of BHO received after the conversion.

**Step 6:**  Confirm the transaction on Pancake Swap and on Trust wallet.
![photo_2022-05-15_19-45-58.jpg](https://cdn.bho.network/cms/photo_2022_05_15_19_45_58_c85dbb08e7.jpg)


**Step 7:** Complete the transaction.
![photo_2022-05-15_19-45-59.jpg](https://cdn.bho.network/cms/photo_2022_05_15_19_45_59_78707e48a7.jpg)





















# Instructions to buy BHO tokens on MEXC

**Step 1:** Access the MEXC exchange: https://www.mexc.com/

**Step 2:** Log in to your personal account
![Screen Shot 2022-05-17 at 14.00.07.png](https://cdn.bho.network/cms/Screen_Shot_2022_05_17_at_14_00_07_2e08d9e0ba.png)

*Notes:* 
- There are two options to log in with your phone number or email.
- If you forget your password, please click “**Forgot Password**” and enter your phone number or email for support.

**Step 3:** Buy BHO tokens on the exchange
- Select the transaction section and the Spot section to access the trading interface.
![Screen Shot 2022-05-17 at 14.01.41.png](https://cdn.bho.network/cms/Screen_Shot_2022_05_17_at_14_01_41_db2482d4a9.png)

- Enter the keyword “**BHO**” in the search box to select the **BHO/USDT** trading pair.
![Screen Shot 2022-05-17 at 14.03.11.png](https://cdn.bho.network/cms/Screen_Shot_2022_05_17_at_14_03_11_060e4a5904.png)
![Screen Shot 2022-05-18 at 19.11.51.png](https://cdn.bho.network/cms/Screen_Shot_2022_05_18_at_19_11_51_46d5401181.png)

- Enter the price and quantity of BHO tokens you want to buy at that price then select “**Buy**” to complete the transaction.
![Screen Shot 2022-05-17 at 14.04.47.png](https://cdn.bho.network/cms/Screen_Shot_2022_05_17_at_14_04_47_52047cc158.png)

**Stake BHO on BHO Pad today to enjoy an APY of up to 20% and 100% guarantee to buy IDO projects on BHO Pad at bhopad.io**



Here's the instruction on how to buy BHO tokens

large_photo_2022-05-21_14-55-58.jpg

medium_photo_2022-05-21_14-55-58.jpg

small_photo_2022-05-21_14-55-58.jpg

thumbnail_photo_2022-05-21_14-55-58.jpg

photo_2022-05-21_14-55-58.jpg

INSTRUCTIONS TO BUY BHO TOKENS

**The world is changing day by day and life is becoming more difficult than ever, when prices are getting more and more expensive, requiring people to have more sources of income. However, with limited time and energy, creating a new source of income is not an easy task.**

Billionaire Warren Buffet once said: *“If you don’t find a way to make money while you sleep, you will work until you die.”* It means that passive income is the key to financial freedom.

In this article, BHO Network will cover some of the most popular methods of generating passive income with cryptocurrency.

# 1 — Staking native blockchain coins!

Risk level: Low — 3 to 20%. 

Many chains and tokens have their own way of validating transactions. Most proof-of-stake chains use validators that “mine” new blocks, and delegators that put their coins and thus trust in these validators to mine the right transactions. These often have the least risk involved, and therefore also offer the lowest possible yields. 

![Staking reward.png](https://cdn.bho.network/cms/Staking_reward_f0ff7e602b.png)

As you can see blockchains like Polkadot and Elrond offer double digits staking yields, but all the mentioned options are worth exploring. Do keep in mind that some chains (like DOT) experience inflation, lowering the actual yields. Chains like Ethereum will actually experience negative inflation close to -1 to -2%! meaning that the actual yields will actually be higher than mentioned. But, as always, do your own research on all of the options!

# 2 — Yield farming with USD stable coins!

Risk level: Low — 1 to 20%. 

Many DeFi protocols, CEX and DEX’s offer nice yield generating options for your stablecoins by lending them out to other investors or by using your funds to provide flashloan. 

The returns of these methods often vary according to the volume or intended use of your funds. If you are rewarded with platform native tokens instead of stablecoins, the return will also vary according to the value of those tokens. This investment method is the least risky of the mentioned options as there is almost no risk of price fluctuations of stablecoins. However, if you are a DeFi user, you need to be aware of Smart Contract risks.

![Yield Farming with stablecoin.png](https://cdn.bho.network/cms/Yield_Farming_with_stablecoin_90fbd23e4a.png)

Some of the projects and protocols that provide Yield Farming capabilities investors may consider include: Curve Finance, Aave, Uniswap, and Pancake Swap.

# 3 — Providing liquidity!

Risk level: Low/Medium/High — 5 to 500%. 

The world of DeFi and decentralized exchanges would not exist without liquidity pools and Liquidity Providers (LPs). Liquidity providers provide their assets on both sides of the pool eq. 50% in USDT and 50% in ETH. When traders come and trade in that pool, you will get a portion of the generated fees. These liquidity pools generate higher yields but are also exposed to more risk, eg. Impermanent Loss (IL). When the prices of the assets start to rise or fall it might (not) have been smarter to hold the asset instead of providing liquidity. 

![LP.png](https://cdn.bho.network/cms/LP_506532c2fb.png)
*Pools Liquidity and their rates of return - Source: https://coindix.com/*

As you can see the yields are a lot higher when providing liquidity, but so is the risk! Do proper research before investing in these pools as rewards and losses are a lot higher. When providing liquidity you should consider the following risk levels:
- Low Risk and Low Returns: are liquidity pools that require only 1 asset or stablecoins such as bridges or USD pools. Low-risk and low-return liquidity pools are usually liquidity pools with only a single crypto asset such as ETH or USDT, such as blockchain bridges or USD pools. 
- Medium Risk and Medium Returns: are the liquidity pools that are bound to a stablecoin on one side, and assets on the other side, like USDT-FTM. 
- High Risk and High Returns: are the pools that require 2 assets on both sides of the pool, like MATIC-ETH. 

# 4 — Staking DAO/Dapp/Reward tokens!

Risk level: Medium/High — 35 to 500%. 

The riskiest, and therefore also the most rewarding strategy would be to invest and stake native tokens coming from DApps. Most DeFi applications have their own native token that can be used to vote, get a portion of (trading)rewards or improve the yield of their offered products/services. 

These rewards are often the highest but are usually paired with either increased inflation, smart-contract risk or centralisation risks. The price of these tokens is often highly volatile, as more tokens are given out the price usually decreases, and they usually consist of a centralised dev team that might fuck up or leave the project. The plus, however, is higher yields, more rewards, voting power and more upside potential. 

![Staking DAO DAPP Reward token.png](https://cdn.bho.network/cms/Staking_DAO_DAPP_Reward_token_cb0d95fe24.png)

As you can see some of these rewards are entering the triple-digit yields. As this seems like the most profitable, a lot of caution and research have to be taken into account before investing in these projects. These are highly risky and there are often caveats that are not immediately obvious. If it is too good to be true, most of the time it is!

# Conclusion
There are many opportunities in the crypto market whether DeFi or CeFi and investors need to know where to go to start generating passive income. There are many different ways of investing, and the methods and forms mentioned above will give the investor an idea of the different possibilities in the market. BHO Network will always advise investors to divide their investment evenly across multiple lines, thereby keeping themselves from taking too much risk and helping to diversify investment portfolios.


Billionaire Warren Buffet once said: “If you don’t find a way to make money while you sleep, you will work until you die.”

large_photo_2022-05-15_20-08-27.jpg

medium_photo_2022-05-15_20-08-27.jpg

small_photo_2022-05-15_20-08-27.jpg

thumbnail_photo_2022-05-15_20-08-27.jpg

photo_2022-05-15_20-08-27.jpg

Ways to generate sustainable passive income using Crypto

**Pyramid Walk is a new GameFi Walk-to-earn project, built on the BNB Chain platform that is completely free-to-try. The project has just announced that it will conduct its IDO on BHO Pad platform of BHO Network in the near future.**
 
## What is Pyramid Walk?
Pyramid Walk is a GameFi project where players can walk and earn money on the platform (Walk-to-earn) completely for free (free-to-try). Players - Walkers can download the application and experience without having to spend any initial cost.

Pyramid Walk application is a Web3 product that combines SocialFi and GameFi elements. Players can log into the app with NFT boots and walk to earn $PYRA tokens as well as daily rewards of $PWALK - tokens used to upgrade and repair boots. In particular, players also have the opportunity to receive Pharaoh Boxes containing Legendary NFT when walking. In addition, NFT boots can be traded on Marketplace or staked to generate income for profit.

More than a GameFi, Pyramid is a SocialFi app. Players - or Walkers, can gather and walk together at real-world events. Not only that, casual walking with teammates can also help walkers get more tokens. What's more, walkers can participate in Boss hunting through the Guide mode, increasing the excitement of walking for fitness.

Pyramid Walk has 3 modes:
- **Single-mode:** Each type of Boot will be assigned to a certain distance. Completing the goal, the Walkers will be rewarded with cryptocurrency.
- **Challenge-mode:** Weekly challenge with many valuable rewards. Walkers can complete daily tasks at 6am continuously for 7 days to receive rewards.
- **Ranking-mode:** The Walker rankings are constantly updated. Top walkers will be rewarded with special edition NFT boots.

The NFT boots collection in Pyramid Walk is also diverse in rarity and stats. Specifically, NFT boots in Pyramid are divided into 4 rarities, including: Walker, Moon Walker, Hyper Walker and Sky Walker.

![whitepaper-6-min.png](https://cdn.bho.network/cms/whitepaper_6_min_7c714208f2.png)

# Tokenomics of Pyramid Walk
The project will have a total supply cap of 1 billion tokens, built on the BNB Chain platform. The project's smart contract has also been audited by Solidproof.io - an automated blockchain audit service.

Details of token allocation are as follows:
- Consulting and development team: 10%
- Internal liquidity pool: 8%
- Airdrop: 0.5%
- Staking and Farming: 8%
- Marketing: 5%
- Seed, Private and Public Sale investors: 15.5%
- Reward: 53%

![pitchdeck-7.png](https://cdn.bho.network/cms/pitchdeck_7_bb0de013be.png)

$PYRA token is not only Pyramid Walk's native token, but the ecosystem built by Pyramid in the future will also revolve around it. According to the project information, Pyramid will develop products beyond Walk-to-earn and Marketplace applications, such as DeFi solutions and applications, Multichain Launchpad and Pyramid DAO. This will help increase the application of the $PYRA token, while boosting the demand for owning and holding the token.

Above is all information about the Pyramid Walk project, an extremely potential and worth-watching-for Walk-to-earn project. Pyramid Walk will launch its IDO public sale round on the BHO Pad platform.

Before Pyramid, FootEarn and Space Marvel are two projects officially announced by BHO Pad to cooperate and support crowdfunding through the IDO opening round. BHO Pad is currently a launchpad platform that attracts great attention and interest from the community thanks to the Guarantee Allocation mechanism, in which, with a minimum of 50,000 USD BHO stake, investors will have a 100% chance to buy IDO. At the same time, BHO Pad also provides specialized marketing services for top rated blockchain projects in the market.

Stake BHO on BHO Pad (https://bhopad.io/) today to enjoy an APY of up to 20% and 100% guarantee IDO slots to buy  projects on BHO Pad.

For more information about the Pyramid Walk project, visit: https://pyramidwalk.com/

Pyramid Walk, a new GameFi Walk-to-earn project, will conduct its IDO on BHO Pad platform of BHO Network.

large_(En) Pyramid Overview.png

medium_(En) Pyramid Overview.png

small_(En) Pyramid Overview.png

thumbnail_(En) Pyramid Overview.png

(En) Pyramid Overview.png

Pyramid Walk project overview

**BHO Network officially announces its partnership with ConsenSys – a leading Ethereum software technology company and the parent company of MetaMask. This partnership aims to strengthen the ties between the companies and to support the implementation of blockchain services and infrastructure while helping BHO Network develop new technology platforms.**

As part of the ongoing discussion between the two companies, BHO Network and ConsenSys have agreed to explore on the following initiatives on a best-effort basis:
- The provision of blockchain infrastructure and solutions-related services by ConsenSys to BHO Network.
- Enabling local payment gateways within the MetaMask wallet by BHO Network.  This can potentially help Vietnamese users buy cryptocurrencies with fiat currencies on the MetaMask wallet more conveniently.
- Depending on compatibility, the potential integration of the MetaMask wallet and/or its related features into the BHO Network as an option for users.
- The research and development of other blockchain-based products in the future.

# About ConsenSys
ConsenSys is a leading Ethereum and decentralized protocols software company. The company enables developers, enterprises, and people worldwide to build next-generation applications, launch modern financial infrastructure, and access the decentralized web.
Its product suite, composed of Infura, Quorum, Codefi, MetaMask, Truffle, Diligence and NFT platform, serves millions of users, supports billions of blockchain-based queries for clients, and has handled billions of dollars in digital assets. 

Ethereum is the largest programmable blockchain in the world, leading in business adoption, developer community, and DeFi activity. On this trusted, open-source foundation, ConsenSys is building the digital economy of tomorrow. To explore the company’s products and solutions, visit http://consensys.net/.

# About BHO Network
BHO Network is built on BHO Chain (BHC-20) - a high-speed blockchain platform with low transaction fees. The infrastructure of BHO Network can be cross-chained with other popular networks such as BNB Chain (BSC), Ethereum or Polkadot.

BHO Network's mission is to assist any business that considers blockchain as a solution to further optimize performance from existing operations.

BHO Network includes not only applications, built and developed internally, but also the overall ecosystem of other applications developed on BHO Chain.


BHO Network officially announces its partnership with ConsenSys – a leading Ethereum software technology company and the parent company of MetaMask.

large_BHO x Consensys (PR)-01.png

medium_BHO x Consensys (PR)-01.png

small_BHO x Consensys (PR)-01.png

thumbnail_BHO x Consensys (PR)-01.png

BHO x Consensys (PR)-01.png

BHO Network announces its partnership with ConsenSys

**Pyramid Walk is a walk-to-earn, free-to-try, accessible, and easy-to-monetize project built on the BNB Chain platform. Pyramid Walk will have its IDO on BHO Pad in the near future.**

**What is Pyramid Walk?**

Pyramid Walk is a Move-to-earn Game Fi project, specifically Walk-to-earn, where players can use NFT boots in the app to walk and receive cryptocurrency as rewards.  In-game NFT boots can be purchased on the Marketplace, or minted with $PYRA tokens.

The Pyramid Walk application has been developed and completed, and users can experience it soon in the future.  Unlike most other Move-to-earn projects, Pyramid Walk is a free-to-try product, meaning users can experience it for free without having to pay an entry fee of up to $1000.

Pyramid Walk owns a rich collection of NFT boots in terms of categories, and is divided into 4 levels of rarity, including: Walker boots are Common, Hyper Walker is Rare, Sky Walker is Epic and Moon Walker is Legendary - the highest level.  By equipping boots on the Pyramid Walk and walking daily, users can receive cryptocurrency rewards to increase income and improve health.

In addition, investors can also choose to Stake boots on Pyramid Walk to generate passive income. This helps to create a variety of Pyramid's income and applications.

Pyramid Walk is also part of the broader Pyramid ecosystem.  This entire ecosystem will revolve around the $PYRA token, helping to increase the token's applicability and demand for holding it.  According to official information from the project, the future Pyramid ecosystem will include NFT Marketplace, Pyramid DAO, DeFi application, Pyramid Launchpad and Pyramid Walk.

Pyramid's $PYRA token will have a maximum total supply of 1 billion tokens.  Written and deployed on the BNB Chain platform, the project's smart contract has also been audited by Solidproof - an automated blockchain auditing company.

Prior to Pyramid, [FootEarn](https://www.footearn.com/) and [Space Marvel](https://spacemarvel.io/) are two other projects officially announced by BHO Pad to cooperate with and support crowdfunding through the IDO opening round.  BHO Pad is currently a launchpad platform that has attracted great attention and interest from the community thanks to the Guarantee Allocation mechanism, in which, with a minimum of 50,000 $ BHO Staked, investors will have a 100% chance to buy IDO. At the same time, BHO Pad also provides specialized marketing services for top rated blockchain projects in the market.

Stake BHO on BHO Pad (https://bhopad.io/) today to enjoy an APY of up to 20% and 100% guarantee IDO slots to buy projects on BHO Pad.

For more information about the Pyramid project, visit: https://pyramidwalk.com/ 


Pyramid Walk, a walk-to-earn, free-to-try, accessible, and easy-to-monetize project built on the BNB Chain platform, will have its IDO on BHO Pad in the near future.

large_photo_2022-05-13_19-06-20.jpg

medium_photo_2022-05-13_19-06-20.jpg

small_photo_2022-05-13_19-06-20.jpg

thumbnail_photo_2022-05-13_19-06-20.jpg

photo_2022-05-13_19-06-20.jpg

Pyramid - the walk-to-earn project gets official IDO on BHOPad

**Stablecoin is an important financial product that acts as a bridge between digital assets and fiat money. This is a cryptocurrency that strives to provide price stability and is backed by a reserve asset.**

Stablecoin has become popular because they provide the features of a digital currency - near-instant transactions, privacy and security of a decentralized system, but still have a stable price that is not volatile.

The price stability of Stablecoin makes it truly a medium of monetary exchange and a mode of storage of monetary value. Along with that, its value must be relatively stable for a long time to ensure constant purchasing power.

## Types of Stablecoins
There are several different types of stablecoins, classified by their mechanism of action

### Stablecoins backed and collateralized by fiat money
Fiat-collateralized stablecoins typically own and maintain a reserve of fiat currency, such as US dollars, as collateral to issue an appropriate amount of cryptocurrencies.

Other forms of collateral can include precious metals like gold or silver, as well as commodities like oil, but most fiat-collateralized stablecoins today use US dollar reserves.

These reserves are maintained by independent supervisors and are regularly audited for compliance with required regulations.

Tether (USDTUSD) and TrueUSD (TUSDUSD) are popular cryptocurrencies with a value equivalent to a single US dollar and backed by dollar deposits.

### Stablecoins backed and collateralized by crypto assets
This type of stablecoin is backed and collateralized by other crypto-assets such as other cryptocurrencies. Since reserve cryptocurrencies can also tend to be highly volatile, such stablecoins are over-collateralized, meaning that the total value of the collateralized cryptocurrencies in the reserve will always be greater than the value of the amount. stablecoins are printed.

For example, $2000 Ethereum could be reserved for the issuance of $1,000 worth of stablecoins. Therefore, Ethereum can fluctuate up to 50% in value without affecting the value of stablecoins. More frequent inspections and monitoring will add to price stability. Backed by Ethereum (ETHUSD), MakerDAO's value of DAI (DAIUSD) is pegged to the US dollar and allows various crypto assets to be used as reserves.

### Non-collateralized stablecoins or algorithmic stablecoins
Unsecured stablecoins don't use any reserves, but they do possess a central bank-like mechanism: maintaining a currency's stable value through changes in supply.

Terra USD is the largest algorithmic stablecoin, and also the largest stablecoin by market capitalization, after USDC and USDT. It maintains its value at $1 through a burn and print mechanism that will be performed by traders. Every time 1 UST is generated, $1 LUNA tokens will be burned and vice versa.

When the price of UST falls below $1, traders can burn the UST or remove it from circulation in exchange for $1 in Luna tokens. This reduces the supply of UST and thus increases the price of the token. If the price of UST exceeds $1, traders are incentivized to burn Luna in exchange for $1 UST, which increases the supply and lowers the price.

---

Currently, the total capitalization of stablecoins has reached more than $180 billion. However, stablecoins are and will always be a concern for law enforcement agencies. Recently, the US Federal Reserve - FED has warned about the risks of Stablecoins in the context that the UST coin has lost its peg and dropped to only $0.6 on May 10.


Here is what you need to know about Stablecoins!

large_Stablecoin_EN.jpg

medium_Stablecoin_EN.jpg

small_Stablecoin_EN.jpg

thumbnail_Stablecoin_EN.jpg

Stablecoin_EN.jpg

Things you should know about Stablecoins 

**Ever since the launch of Bitcoin, the blockchain industry has made significant strides. The new executive order issued this past March by Joe Biden, President of the United States, shows just how mature this market is. The total market capitalization hit $3 trillion in November 2021, an increase of 210 times since 2016.**

However, as an emerging market, Crypto cannot avoid security holes. The market has gone through many precious lessons about security, including the 3 biggest hacks in the history of this industry:

# Ronin Bridge
This is the largest hack in the history of Crypto, with a total value of stolen assets of $614 million at the time. The victim of the attack was Ronin Network.

Ronin is a sidechain or parallel network to Ethereum. Sky Mavis, the company behind the popular play-to-earn game Axie Infinity, developed Ronin in 2020 after finding that Ethereum's base layer was too slow and expensive to process all the transactions required for such a game.

On March 30, 2022, Ronin Network revealed that an attacker had stolen the private keys needed to validate transactions and transferred 173,600 Ethereum and 25.5 million USDT to his wallet. At the exchange rate at the time, the theft was worth $614 million. The hack was then discovered after a customer tried to make a regular withdrawal.

Shortly after, Sky Mavis announced that it had contacted the authorities, experts and investors to ensure the safety of users' assets, and track on-chain the number of stolen assets. 

Recently, Binance has identified and recovered $5.8 million after an attacker attempted to transfer funds to the exchange through 86 different accounts. However, much of the stolen property has yet to be recovered. As of April 14, the attacker has successfully laundered about 18% of the stolen funds. The case is still being investigated and monitored.

# Poly Network
The second biggest attack happened on Poly Network with a total loss of up to $611 million at the time of occurrence. The victim of the hack was Poly Network, a smart contract platform that allows users to trade tokens between different blockchains such as Bitcoin and Ethereum.

On August 10, 2021, a hacker transferred $611 million worth of Poly Network tokens to three wallets under his control. According to an analysis by Mudit Gupta, a security researcher, attackers have found a way to 'unlock' (i.e. buy) tokens on the Poly Network protocol without 'locking' (i.e. selling) the corresponding token on other blockchains.

Fortunately, the attacker had returned the tokens the next day. While some speculated that he could not sell or "launder" the stolen tokens, the person claiming to be the attacker said he only stole them "for fun".

Within a week, Poly Network announced all of the assets had been returned, except for the $33 million worth of Tether, which was frozen shortly after the attack.

# Coincheck
The third shocking hack was the attack on the Japanese cryptocurrency exchange, Coincheck in January 2018 with a total of $547 million worth of NEM tokens stolen. The company admitted that it stored assets in a 'hot wallet', that is, a cryptocurrency wallet that is connected to the internet and is therefore vulnerable to cyberattacks.

Immediately after the attack, 16 crypto exchanges in Japan had to assemble into a unified self-regulatory body. Japan's financial regulator, the Financial Services Association, has also ordered exchanges to report on their cybersecurity measures.

At that time, Coincheck was one of the most reputable major exchanges in Japan, and Japan was also one of the largest crypto markets. So far, the identity of the hacker has not been verified, but more than 30 people have been arrested in connection with the sale and purchase of the stolen properties.

---

Above are the details of the top 3 crypto hacks with the greatest losses. Although blockchain technology has come a long way, it does not mean that cybercriminals are standing still. Every project, individual, or exchange must always remain vigilant in security. For retail investors, a very important security tip is to minimize the storage of digital assets on exchanges. Instead, your digital assets should be stored in personal wallets.

Understanding the importance of security, BHO Network is developing a crypto wallet helping users store their digital assets in the safest way. BHO Network's wallet is expected to be a secure crypto storage solution, with an easy-to-use and friendly interface. Moreover, the wallet will also support multi-chain, providing investors with a convenient as well as secure experience.

As an emerging market, Crypto cannot avoid security holes. Here are the 3 biggest hacks in Crypto's history so far!

large_photo_2022-05-07_21-00-54.jpg

medium_photo_2022-05-07_21-00-54.jpg

small_photo_2022-05-07_21-00-54.jpg

thumbnail_photo_2022-05-07_21-00-54.jpg

photo_2022-05-07_21-00-54.jpg

TOP 3 BIGGEST HACKS IN THE HISTORY OF CRYPTO

**If you've been looking into crypto or blockchain, chances are you've probably come across terms like "Layer 1" and "Layer 2" protocols. So what are these layers? Let's find out in this article.**

# Layer 0
Layer 0 is the basic component of Blockchain. It is the underlying technology that allows networks like Bitcoin or Ethereum to go live. Layer 0 includes the Internet, hardware, and connections that allow Layer 1 of the blockchain to run on. 

# Layer 1
Bitcoin, Ethereum, Solana, Avalanche, BNB Chain or Terra are all Layer 1s. They are private networks and have their own ecosystems. These networks process transactions on their own blockchain and use the network's native token to pay transaction fees. Layer 1 is responsible for the consensus mechanism, programming language, blocktime, and basic rules or parameters of the blockchain network.

## Layer 1’s problems
One problem Layer 1 often encounters is scalability. Networks like Bitcoin struggle to find ways to increase network throughput to handle enough transactions per second. Bitcoin uses the Proof-of-work consensus mechanism, a mechanism that requires high hardware power, and has the advantages of security and decentralization. Conversely, when the network has more users, the network has more work to do, causing slower transactions and higher gas fees.

## Solutions
Proof-of-stake is an alternative consensus mechanism to Proof-of-work that Ethereum 2.0 adopts.  This consensus mechanism will validate new blocks of transaction data against the collateral (stake) of network participants, resulting in a more efficient process. Many variations of Proof-of-stake have also been developed to increase the scalability of the network, including Nominated Proof-of-Stake - the consensus mechanism used by BHO Network. (For more information, visit: [NPoS - What is NPoS and how does it work?](https://bho.network/blog/article/what-is-npos-nominated-proof-of-stake-and-how-does-it-work))

Sharding is also a scaling solution for Layer 1 blockchains. Simply put, sharding divides the task of validating and validating transactions into smaller, more manageable chunks.  As a result, the workload can be distributed across the network to optimize the computing power of more nodes.  Since the network processes these shards in parallel, multiple transactions can be processed concurrently. BHO Network's BHO Chain will also aim at sharding as an important solution to increase the scalability of its network.

# Layer 2
Overlapping networks that stay on top of the base layer are called Layer 2 solutions. Protocols use Layer 2 to increase scalability by removing some interactions from the base layer. As a result, smart contracts on the main blockchain protocol only handle deposits and withdrawals, while ensuring that off-chain transactions remain compliant with regulations. Bitcoin's Lightning Network is an example of a Layer 2 blockchain.

Networks built on top of Layer 1 are often referred to as Layer 2 solutions. Protocols use Layer 2 to increase scalability by reducing interaction with Layer 1. Smart contracts on the protocol will only have to handle deposits and withdrawals, to ensure off-chain transactions are properly executed. Bitcoin's Lightning Network or Ethereum's Polygon Network are Layer 2 blockchains.

To differentiate, Blockchain is the first layer in a decentralized ecosystem, Layer 2 is an integration with a 3rd party that works with Layer 1 to increase the number of nodes processing the network, thereby increasing network throughput.

## Layer 2 Scaling solutions
Layer 2 protocols have become extremely popular in recent years and they are proving to be the most effective approach to solve scaling problems, especially in PoW networks. Some solutions to scale Layer 2 are:

### Nested blockchain
Blockchain Layer 2 runs side by side with other layers. In essence, Layers 1 will be the ones who set the rules and settings, while Layer 2 will handle the business procedures. Thereby, the work will be divided among the layers of the network and reduce the workload on a network.

### State channels
A state channel improves total transaction capacity and speed by facilitating two-way communication between the blockchain and external transaction channels through a variety of approaches. To validate transactions over the state channels, miners do not need to participate immediately.

State channels enable two-way communication between the blockchain and external channels using a variety of approaches. State channels allow a group of participants to conduct an unlimited number of private transactions off-chain. Unlike regular on-chain transactions, state channels transactions are not public.

State channel examples include Bitcoin Lightning and Ethereum's Raiden Network. In the trade-off in the blockchain trilemma, state channels give up some decentralization in exchange for scalability.

### Sidechain
Sidechains are chains that run parallel to the blockchain and are used for large transaction volumes. Sidechains have their own consensus mechanism and are tunable for speed/scalability. Their utility tokens are used as part of the data transfer mechanism between the sidechain and the main chain. The main function of the chain is to ensure security and resolve conflicts.

Transactions on the sidechain will still be public on the distributed ledger. And security breaches on the sidechain do not affect the main network. Building a sidechain is quite a time-consuming and labor-intensive job.

### Rollups
Rollups are Layer 2 blockchain scaling solutions that execute transactions outside of the Layer 1 network, then upload data from the transactions to the Layer 2 blockchain. Layer 1 can keep backups safe because the data is on the base class.

Users benefit from rollups because they help increase transaction throughput, and reduce gas fees.

With the growing demand for expansion, the need to develop layer 2 scaling solutions is increasingly being promoted. Currently, besides the 3 solutions above, many new effective solutions have also been developed, such as Plasma, Validium, Hybrid, and Parachain - developed by Polkadot.

# Layer 3
The application layer is often referred to as Layer 3 or L3. L3 projects act as a user interface while hiding the technical aspects of the communication channel. L3 applications are what give blockchains their real-world applicability.

# Summary
In order for blockchain technology to be widely adopted, the problem of scalability needs to be solved. And since both Layer 1 and Layer 2 have limitations, it is essential to develop a system that combines the two.

Layer 1 is crucial as it serves as the foundation for decentralized systems. The fundamental scalability issues of blockchain are solved through Layer 2 protocols. Most Layer 3 protocols (DApps) currently run only on Layer 1 and ignore Layer 2. The three are all important because they help develop real-world applications for blockchains.


If you've been looking into crypto or blockchain, chances are you've probably come across terms like "Layer 1" and "Layer 2" protocols. So what are these layers? Let's find out.

large_(En) Blockchain Layers.png

medium_(En) Blockchain Layers.png

small_(En) Blockchain Layers.png

thumbnail_(En) Blockchain Layers.png

(En) Blockchain Layers.png

Things you should know about Blockchain Layers

small_626x209 (En).png

thumbnail_626x209 (En).png

626x209 (En).png

BHO Network is built on BHO Chain (BHC-20) - a foundational and critical component of the BHO Network in enabling the development of a complete ecosystem based on blockchain technology.

BHO Network - Bring blockchain to life

large_bho-network-thumbnail.png

medium_bho-network-thumbnail.png

small_bho-network-thumbnail.png

thumbnail_bho-network-thumbnail.png

bho-network-thumbnail.png

favicon.ico

Our Staking Rewards event is [live](https://sale.bholdus.com/)! More information [here](https://bholdus.com/blog/article/bholdus-launches-staking-rewards-event-offering-up-to-50percent-interest)!