How bemo works

Protocol overview

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

These contracts are in charge of:

• TON deposits and withdrawals

• Minting and burning of the stTON tokens

• Transfer of TON tokens to the participating validators

• Receipt of the staking fees

• Validation and protocol fee calculation and distribution

• stTON vs TON price and exchange rate calculation

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