Bodhi Network price is $0.02814321
The price of Bodhi Network (NBOT) has increased to $ 0.02814321 in the last 24 hours. It's important to note that cryptocurrency prices are highly volatile and can fluctuate widely within very short time frames.
Bodhi Network (NBOT) is a blockchain-based platform designed to facilitate prediction markets. Prediction markets are platforms where individuals can place bets on the outcomes of future events, such as elections, sports matches, economic indicators, and more. Bodhi Network aims to provide an autonomous, decentralized and easy-to-use prediction market ecosystem.
Bodhi Network was developed by a team of blockchain enthusiasts and experts, with the intention of creating a more efficient and reliable prediction market. While specific names of the founders are not mentioned, the team is presumed to consist of individuals with strong backgrounds in blockchain technology, finance, and data science.
The Bodhi Network works by allowing users to create and participate in prediction markets using NBOT tokens. Users can submit predictions on various events, and other participants can bet on the outcomes they believe will happen. The market prices at any given time reflect what the community thinks the probability of the event is. Once the event occurs, the market is settled, and the participants who predicted the outcome correctly are rewarded with NBOT tokens.
One of the unique aspects of Bodhi Network is its focus on building a platform that is compatible with multiple blockchains. This interoperability means that users from different blockchain networks can participate in the Bodhi Network's prediction markets, which could potentially increase participation and liquidity.
The security measures implemented by Bodhi Network have been established to maintain the integrity of the prediction markets. This typically involves smart contracts, which are self-executing contracts with the terms of the agreement between buyer and seller directly written into lines of code. The details surrounding the specific security mechanisms of Bodhi Network have not been disclosed.
The circulating supply of Bodhi Network's NBOT token is , with a total supply of tokens. Knowing the total and circulating supply helps to understand the scarcity and potential value of the token.
As an important measure of the cryptocurrency's relative size, Bodhi Network currently has a market capitalization of $ . Market capitalization is calculated by multiplying the current price of NBOT by the circulating supply.
Bodhi Network (NBOT) can be purchased on the and other venues where cryptocurrencies are available for trade. Always ensure you are using a reputable exchange and consider the risks involved in trading cryptocurrencies.
Storing NBOT safely involves using trusted wallets that support the Bodhi Network token. Users have the option to store NBOT on hardware wallets for offline storage, software wallets for ease of access, or even use paper wallets for long-term storage. It's essential to keep private keys secure and consider the security features of the wallet you choose.
Regarding future developments, it's best to stay tuned to official announcements from the Bodhi Network team on their website or official communication channels. Innovations and updates in line with the project's roadmap will determine the advancements in the platform.
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