bemo is a non-custodial liquid staking protocol built on The Open Network (TON) blockchain. It is the first liquid staking application on TON that allows you to stake native TON tokens and, in return, get bmTON tokens which you can use freely in DeFi.

The price of the bmTON token to TON increases with the staking rewards accrued after each validation round by bemo protocol.

bemo protocol is a set of smart contracts on the TON blockchain.

These contracts are responsible for:

TON deposits and withdrawals

Minting and burning of the bmTON tokens

Transfer of TON tokens to the participating validators

Receipt of the staking fees

Validation and protocol fee calculation and distribution

bmTON vs TON price and exchange rate calculation

Key components of bemo are the application’s set of smart contracts and the bmTON token.