About Boring Protocol
Boring is a protocol for participants in virtual private networks to conduct transactions between node providers and bandwidth users.
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Trading Insights
Traders
6
Market Stats
Market Cap
$4.09K
-0.36%
FDV
$10.48K
Circ. Supply
98M BOP
Max Supply
Not enough data
Total Supply
250M BOP
Diluted Valuation
$10.51K
Performance
Popularity
Not enough data
Dominance
0%
Volume (24H)
$67.49
-14.5%
Volume (7D)
$488.12
Volume (30D)
$2.16K
All time high
$0.19
Price Change (1Y)
-82.79%
Additional details
Market details
BOP vs markets
↘ 89.91%
BOP vs BTC
↘ 89.14%
BOP vs ETH
↘ 88.98%
Tags
Network & Addresses
Network | Address | |
|---|---|---|
Solana | BLwTnYKqf7u4qjgZrrsKeNs2EzWkMLqVCu6j8iHyrNA3 |
Price history
Time | Price | Change |
|---|---|---|
Today | $0.000042 | ↘ 0.05% |
1 Day | $0.000042 | ↘ 0.05% |
1 Week | $0.000043 | ↘ 1.63% |
1 Month | $0.000052 | ↘ 19.52% |
1 Year | $0.000244 | ↘ 82.79% |
FAQ
Trading under BOP, Boring is a decentralized virtual private network built on blockchain technology. The project aims to provide a peer-to-peer bandwidth market. Boring is a protocol that aims to help conduct transactions between node providers and bandwidth users. Thus, the project seeks to incentivize the nodes that provide reliable programs to such network users.
As the litepaper says, the existing centralized VPN services have several flaws. Such flaws include a lack of transparency and information of the users kept in unsecure centralized data storage. Further, such services are provided to the users with a bond of six to twelve months which makes them stuck to the contract. The Boring project aims to correct this with the usage of blockchain technology. According to the website, the Boring protocol aims to make an entirely new marketplace for bandwidth usage and privacy. The project intends to provide both features in one program.
Further, the Boring ecosystem aims to provide for connection points or nodes called providers. These providers share the VPN connection with the client who wants to transfer secretive or jumbled data. The project works on the Solana blockchain. The protocol acts as the central governing node, which seeks to help connect both provider and client. The protocol processes a fee for every connection.
The native cryptocurrency of the Boring protocol is BOP. BOP also denotes the ticker name. BOP is a utility token that is used as a medium of exchange between participants of Boring protocol. BOP aims to help in providing a secure mode of payment. The token has no other benefit than just being used as a payment mode to the nodes on the network. Further, the BOP token intends to be distributed among the users to encourage them to contribute more. Moreover, the token is also staked by nodes that indicate their commitment to the network.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
Social stats
Popularity in posts
#3687
Contributors
17
Posts
17
% About Boring Protocol
0.01%
Hold times
0 days
X (Twitter)
56.38% bullish
Sentiment
4.2 ★
Highlights
17 unique individuals are talking about Boring Protocol and it is ranked #3,687 in most mentions and activity from collected posts. In the last 24 hours, across all social media platforms, Boring Protocol has an average sentiment score of 4.2 out of 5. Finally, Boring Protocol is becoming less newsworthy, with 0 news articles published about Boring Protocol.
On Twitter, people are mostly bullish about Boring Protocol. There were 56.38% of tweets with bullish sentiment compared to 0% of tweets with a bearish sentiment about Boring Protocol. 43.62% of tweets were neutral about Boring Protocol. These sentiments are based on 94 tweets.
On Reddit, Boring Protocol was mentioned in 17 Reddit posts and there were 40 comments about Boring Protocol. On average, there were less upvotes compared to downvotes on Reddit posts and more upvotes compared to downvotes on Reddit comments.
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Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
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