What is BUMO?

BUMO is a platform based on the chain of blocks for the transfer of obicuous value. All assets can be tokenized, such as gaming points, insurance, financial assets or even fixed assets, obtaining the category of assets with an obicuous value (Latin word meaning "everywhere"), so that they are easy to transfer and can be distributed freely around the world and in different chains.

The main objective of BUMO is to create a trust network where its users can make transfers quickly through different networks within the internet connecting all those with smart devices, creating a globalized ecosystem.

Advantages of using BUMO

• Rapidity in transfers: when connecting digital assets, smart devices and user data, BUMO's enterprise-level infrastructure can perform 10,000 transactions per second. Users can carry out processes of buying and selling products, transfers or any other operation with greater speed than in other existing platforms.

• Easy to use: the BUMO platform provides tools and templates so that anyone without technical knowledge can develop a dApps application to boost your business. It has a library of templates so that your users can do what they need in a simple and fast way.

• Equality for all: it uses a mechanism where the chain of blocks is updated in a decentralized manner in any of the intelligent devices that participate in its ecosystem.

The devices act as autonomous nodes in the network, each node can request to be a candidate node, BUMO through a lottery selects between the candidate nodes the nodes that will work as validation nodes, which will contribute to the maintenance of the network, to the development of applications and the creation of value. In this way BUMO guarantees that everyone has the opportunity to contribute to the platform and earn BU tokens, since the validation nodes charge transaction fees in the network.

• System of incentives: its users can earn BU tokens developing their applications in BUMO, functioning as a validation node or according to the type of transaction and size. The value of these rewards can vary by voting on the participants in the network.

• Creation of intelligent contracts: customers can execute their business agreements in BUMO in a simple way, has numerous templates so that anyone without technical knowledge can do so. In addition, the contracts are implemented in common programming languages ​​already tested, such as Javascript, C / C ++, Python, others.

• Security: the platform is totally secure, its smart contracts guarantee that you will never lose your money, since it uses validation protocols.

• Adaptability and Flexibility: developers can propose improvements to the platform, which will be executed under the consensus of the participants. It is expected that its easy application motivates leaders and developers to participate in BUMO and receive rewards in BU tokens for their contributions, increasing confidence in the network.

Source: BUMO TechnicalPaper, Page 53

It is a very flexible platform and it is expected that 45 billion IoT devices will interact in BUMO by the year 2020.

Cost Reduction: savings in personnel and next-generation infrastructure for the development of applications, since its platform offers tools that anyone can use, in addition provides and the necessary technological support.

BUMO Tokens

Your users own BU tokens can use them to be consumed as fuel in the network and to participate in the governance of the community.

There are different ways to acquire BU tokens:

• Acting as a validation node.

• Transferences between accounts (purchase / sale).

• Participating in the development of projects in BUMO.

• Participation through donations in Ethereum for project developers.

BUMO, a fast, safe and easy to use platform whose success will revolutionize networks, is ready for you to develop your application and make your business scalable. Acquire your BU tokens and enjoy its many benefits.

More Information & Resources:

• BUMO Website
• BUMO WhitePaper
• BUMO TechnicalPaper
• BUMO Telegram
• BUMO Weibo
• BUMO Reddit
• BUMO Facebook
• BUMO Twitter
• BUMO Github
• BUMO Wallet