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BOSAGORA(BOA), signed a strategic business partnership with Standard Protocol By BTC Peers

by Mike Robinson

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BOSAGORA, (BOA), has entered into a strategic business partnership deal with Standard Protocol

Nov 24th, 2021 – BOSAGORA signed an agreement for strategic affiliation. Standard Protocol is a protocol for stablecoins.

BOSAGORA is a public platform that uses blockchain technology to create metaverse communities. It serves as the permanent chair of MetaCity Forum. Members of the forum include Aiitone, Uracle, BRI(Blockchain Research Institute, headquartered in Canada), IBK Securities & Investment, KB Capital, Ethan & Alice Marketing, Telos, and BOSAGORA. MetaCity Forum is working together for developing ‘MetaCity’, where the real economy and virtual world are merged for transparency and practical ecosystem, through adaptation of Metachain, a blockchain platform developed by BOSAGORA, on metaverse.

The forum will jointly hold the ‘Global ESG Metacity Summit 2021’ on December 7th together with Namyangju City both in the physical world and on metaverse in Metacity. Don Tapscott (a management thinker who was elected into the Thinkers50 Hall of Fame for 2019 in two years following his ranking #2 in 2017) is invited to be the keynote speaker.

Standard Protocol (STND), a collateralized redeemable stablecoin, is currently operating across multiplechain ecosystems. This protocol supports the Polkadot-based Shiden Network and plans to expand into Polygon, Metis, (Ethereum Layer 2) by 2021. Standard Protcol, unlike other stablecoins has an in-built DEX that acts as a market maker. It also features a dedicated orcale which ensures capital-efficient liquidation and stability for our stablecoin MeterUSD ($USM).

The Web3 Foundation and the Shiden Network Builder Program have given subsidies to it. Polygon’s #DefiForAll Fund also gave them subsidy. JPYC is a stablecoin that links to Japanese yen. It was also registered recently in Standard Protocol’s DEX (Decentralized exchange), which strengthens the Defi area.

With this agreement, BOSAGORA and Standard Protocol will cooperate in △DEX development linked with BOSAGORA MetaChain △Support BOA Liquidity Providing and Farming at Standard Protocol DEX △Liking up BOA MetaChain Standard protocol DEX △ Assist BOSAGORA’s expansion to Yearn Finance Ecosystem project ecosystem △Others that may require cooperation.

Inhwan Kim, president of BOSAGORA, said, “By working with Standard Protocol, we have laid the foundation for interworking with Polkadot and Polygon Network, which has been in the spotlight recently. In order to grow BOA’s global blockchain ecosystem, we plan to continue expanding our partnership with potential projects worldwide.

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