Spookyswap update: BOO Live price, price chart, news and markets

The BOO price update as of now is $1.02. In the previous 24 hours, its trading volume was $89,459, and its value has decreased by -67.84%. As of now, BOO's live market cap is $9,951,987, and it is ranked as the #1246 on the Coincu. BOO has a circulating supply of 13,665,972 and a maximum supply of 13,665,972.

Introducing SpookySwap: A Decentralized Exchange Powered by Fantom Blockchain

SpookySwap is an innovative decentralized exchange that operates on the AMM (Automated Market Maker) model of Fantom's blockchain. The project is committed to building a solid foundation, which is achieved through the implementation of their unique features such as the Initial Farm Offering (IFO) and Monthly Grant mechanisms.

In addition to these groundbreaking features, SpookySwap also integrates the governance function of its official token, known as BOO coin. The platform also provides a diverse range of Farm Pools and a convenient cross-platform bridge, all meticulously designed to meet the specific requirements of its users.

The Key Highlights of SpookySwap

Unlocking the Potential of IFO (Initial Farm Offering)

The SpookySwap IFO program sets aside a total of 4% of the BOO token supply, which amounts to 546,660 Tokens, exclusively for BOO Stakers. This allocation will be gradually distributed over a span of 12 weeks, providing ample opportunities for users to participate.

Currently, SpookySwap's IFO feature exclusively serves as a Farming platform. However, it is highly anticipated that the project will leverage this function in a manner similar to PancakeSwap's IFO program, taking advantage of its potential for future growth.

Fostering Innovation through Monthly Grant

With the aim to nurture and support more projects within the Fantom ecosystem, the development team behind SpookySwap has established the Monthly Grant fund. This fund corresponds to 2% of the total BOO token supply, which equates to 273,320 Tokens.

Based on these fundamental aspects, it can be inferred that SpookySwap will gradually evolve into a comprehensive AMM platform within the Fantom ecosystem. Additionally, it will serve as an instrumental Launchpad for facilitating and propelling development projects on Fantom.