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BOBA

No. 607
Boba Network
AMM
Layer 2
Ethereum
Smart Contract Platform
BOBA Price Today
0.1535
USD
-1.7%
Lower Price
0.1514
Upper Price
0.1627
24H Value(USD)
7.23K
Total Market Cap(USD)
76.50M
Circulating Market Cap (USD)
26.26M
Total Circulation
171.62M
34.32%
Total Supply
500.00M
Price
Markets
Exchange
Market
Price
24H Change
30D Change
24H Volume
24H Value
0.153534
-1.70%
-34.04%
28.24K BOBA
4.40K USDT
0.0 5 16135
+0.11%
-26.90%
18.07K BOBA
0.0294 BTC

Introduction

Feed

1. Project introduction

Boba is an Ethereum Layer 2 Optimistic Rollup scaling solution that reduces gas fees, improves transaction throughput, and extends the capabilities of smart contracts.


Boba offers fast exits backed by community-driven liquidity pools, shrinking the Optimistic Rollup exit period from seven days to only a few minutes, while giving LPs incentivized yield farming opportunities. Boba’s extensible smart contracts will enable developers across the Ethereum ecosystem to build dApps that invoke code executed on web-scale infrastructure such as AWS Lambda, making it possible to use algorithms that are either too expensive or impossible to execute on-chain.

2. Team introduction

CEO: Alan Chiu


Over 20 years of experience in building and investing in corporate startups. Alan was a partner at XSeed Capital, focusing on enterprise and financial technology startups. In addition, Alan serves on the Stanford Graduate School of Business Alumni Association and serves as co-chair of the Stanford Angels and Entrepreneurs Council.

3. Application and distribution

Max. Supply: 500,000,000


Token application:

Boba token (BOBA) is a governance token for the Boba DAO, and can also be staked for rewards on Boba Network. BOBA will be used for governance of the Boba DAO, which will be used for community initiatives and direction for the network’s future. Token holders will be eligible to submit proposals, vote, and delegate votes for proposals on the DAO in accordance with the governance guidelines.BOBA staked on Boba Network will also receive a portion of the transaction fees earned by the network through an on-chain distribution governed by the community.

Token distribution:

OMG Token Holders: 28.0%

Treasury: 42.0%

Strategic Investors: 10.0%

Current & Future Team: 20.0%

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