Bodhi price is $0.04191630
As of now, the price of Bodhi (BOT) is $ 0.04191630. Remember, the price of cryptocurrencies can change quickly due to their volatile nature.
Bodhi is a blockchain-based prediction market platform, enabling users to create and trade on the outcome of almost any event. It makes use of its native cryptocurrency, BOT, as the primary currency for all platform transactions. Bodhi aims to combine the power of blockchain technology with the concept of prediction markets to create a more democratic, decentralized marketplace for predictions that eliminates the need to trust centralized platforms.
The Bodhi platform was created by a group of blockchain enthusiasts and developers. The team's mission is to provide a decentralized platform where users can place bets on the outcome of future events in a wide range of categories, including but not limited to, finance, sports, politics, and weather.
Bodhi operates as a decentralized prediction market platform, where BOT, the native cryptocurrency is used for transactions. Using BOT tokens, users can create prediction events, vote on the likelihood of events, and trade on event outcomes. The outcome of an event is determined by an Oracle, after which the holders of the winning outcome tokens receive rewards.
The distinguishing feature of Bodhi is its utilization of both the blockchain technology and prediction market concept. Unlike traditional prediction platforms, Bodhi is decentralized, which opens up numerous possibilities including user-created predictions and trading event outcomes for profit. Furthermore, Bodhi's unique Oracle mechanism allows for effective dispute resolution and fair judgement on event outcomes.
In Bodhi's prediction market model, Oracles play a crucial role, serving as verifiers of event outcomes. When a prediction event concludes, the market goes into a stage called "Oracle Reporting" during which Oracles confirm the outcome. If any dispute arises, the dispute is resolved through a series of challenge and voting phases. The Oracle system underpins the fairness and accuracy of Bodhi's prediction market.
The current circulating supply of Bodhi (BOT) is 40.0M. It's important to note that the total supply of BOT is 100.0M. The difference between the total supply and circulating supply can be attributed to various factors such as tokens being held back by the company for future use, or tokens that have been locked or burned.
Bodhi (BOT) can currently be purchased on the following exchanges: Gate.io, Allcoin. When you're dealing with a cryptocurrency, it's always crucial to use a reputable exchange and consider the security of your digital assets.
The safety of your BOT tokens, as with any cryptocurrency, largely depends on how securely you store them. Digital wallets, which can be hardware-based or software-based, can be used to hold, send, and receive cryptocurrencies. It's essential to use a wallet provider that prioritizes security and provides a backup mechanism. Furthermore, you should avoid sharing your private keys or backup phrases with anyone and maintain regular updates of your wallet's software.
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