# How bemo works 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. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://docs.bemo.fi/welcome-to-bemo/how-bemo-works.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.