Meme coins are the new trendsetters in the Cryptocurrency Market. Their appealing meme culture and wide community have raised their popularity to another level. The ignited interest in meme coins led to the rise of many new similar coins in the Solana Blockchain, and one among them is the Book of Meme (BOME).
If you are wondering how to buy the BOME coin, continue reading the article. We covered the four different methods of buying the sensational coin.
Table of Content
- What is a BOME coin?
- Benefits of buying BOME coins.
- BOME coin tokenomics.
- How to buy BOME coins?
- Popular crypto exchanges to buy BOME coins.
What is a BOME Coin?
Before knowing how to buy the coin, it is important to know what a BOME coin is and if it is worth investing in.
BOME is a meme coin operating on the Solana Blockchain offering a storage system that transforms the existing Web3 culture. By providing a secure and seamless platform for crypto transactions, it creates an enhanced Web3 experience for the users.
BOME was launched in March 2024. It aims to expand the scope of its decentralized social media platform to take the meme coin market to the next level.
Benefits of Buying BOME Coins
The following are the three benefits of buying BOME Coins;
1. Serves Dual Function
BOME coin acts as both, a governance token and cryptocurrency. It allows users to cast votes on various decisions of the BOME ecosystem, allowing them to take part in the decision-making process. The coin can also be swapped with other cryptocurrencies.
2. Enhance User Experience
Operating in the Solana blockchain, the platform offers high-speed transactions and scalability, providing an enhanced user experience.
3. Community Engagement
With a strong community on social media platforms, BOME encourages diverse thinking and ideas that help contribute to the sustainability of the project.
BOME Tokenomics
BOME has a total supply of 69,000,000,420, of which 55.19 billion are currently circulating the market. Out of the total supply, 50% of the tokens were released during the presale. 30% of the tokens are reserved for liquidity pools to maintain trading volume and 20% is reserved for community initiatives.
How to Buy BOME Coin?
A BOME coin can be bought in different ways, through exchange platforms, peer-to-peer systems, decentralized finance (DeFi), or debit cards.
1. Cryptocurrency Exchange Platforms
Cryptocurrency exchanges are platforms where the buying and selling of cryptocurrencies occurs. Exchange platforms are the most accessible and reliable system for buying a BOME coin.
Firstly create an account on any trusted exchange platform by providing personal information and an identification document. Once an account is created, link the account with your bank account or choose a debit or credit card for payment.
Choose the payment method and amount of BOME coins you wish to buy. Press confirm to proceed with the payment and the BOME coin gets transferred to your exchange account. You can either store the purchased BOME coin in your exchange account or transfer it to your personal wallet.
2. Peer-to-Peer Trading
A Peer to Peer trading is a real-world method that allows a user to select the seller and choose the most favorable payment method for buying the BOME coin. This trading option provides fast and secure transactions, wider payment options, and withdrawal possibilities. Decentralized exchange platforms are an example of Peer to Peer trading, by choosing a DEX-compatible wallet a user can buy BOME coin from DEX.
3. Decentralized Finance (DeFi)
A decentralized platform consists of open-access financial services, providing users with more accessibility and control over their resources than in a centralized platform. For users who don’t wish to disclose their identity while buying cryptocurrency, DeFi is a suitable platform.
By installing a wallet plugin, a wallet extension used to analyze DeFi initiatives, users can access their cash directly through the web browser. These wallets come with mobile applications that utilize open-source WalletConnect protocol to facilitate user experience. Users can easily connect their wallets to DeFi programs on the desktop computer or laptop by scanning the QR code.
4. Debit Card
A Debit Card is an easy and quick method of buying a BOME coin, but involves security and cost risks. Choose a trustworthy exchange platform to buy BOME coins. Create an exchange account and link your bank account to it. Prefer debit cards as the payment option for purchasing the BOME coin. Choose a platform with two-factor authentication and also evaluate the transaction cost involved.
Popular Crypto Exchanges to Buy BOME Coin
The crypto market has several platforms to buy and sell BOME Coins and the following are three popular crypto exchange platforms;
1. Binance
Binance is a popular crypto exchange platform offering a wider selection of cryptocurrencies, allowing users to diversify their assets. With a high trading volume and numerous payment methods, investors can buy, sell, and stake their assets in Binance.
2. KuCoin
KuCoin is one of the most reliable and user-friendly crypto exchange platforms. By catering variety of trading patterns including reward systems and KuCoin shares, the platform has developed a strong community involvement. By implementing robust security measures, KuCoin safeguards investors’ funds from potential hacks and scams.
3. Bybit
The Bybit crypto exchange platform offers numerous cryptocurrencies, catering to the varying needs of users, including beginners and experienced investors. Without compromising performance, this platform ensures efficiency and speed. Users can buy, sell, and stake their assets in the Bybit ecosystem.
Bottom Line
BOME coin is one of the most reliable meme coins. Unlike other meme coins that have no high utility, BOME coin serves dual utility: a governance token and cryptocurrency. It offers secure and faster transactions. A BOME coin can be bought from Crypto Exchanges, Decentralized Finance Services, Peer-To-Peer Trading, and Debit Cards.