Utility of BOBA
The goal of $BOBA is to create a new digital token economy where the user, developer and broader crypto
community can be self-sustainable and truly experience the decentralized Web3 vision.
$BOBA supports a variety of utilities.
Gas fee
Network fees on all Boba deployments can be paid in $BOBA or protocol’s native token.
Governance token
$BOBA holders can propose community initiatives, infrastructure ideas or vote for the direction of the network's future.
Ecosystem growth
$BOBA is used to fund Boba’s network infrastructure growth with incentives, developer grants and more.
Earn rewards
$BOBA holders can stake their tokens and receive yield.
Hybrid Compute
Invoking Hybrid Compute within Boba smart contracts will be charged and paid in $BOBA.
Market
Because $BOBA has utility, investors are able to speculate on its value. $BOBA can be traded on a large variety of crypto markets and has the following market statistics.
Token supply and distribution
Fair token distribution is an important part of realizing a decentralized vision. With this in mind, the Boba Foundation decided to airdrop a large amount of the initial tokens to the crypto community. Let’s break-down the numbers.
Unlock Schedule:
Starting September 20, 2022, 29,979,550 tokens will be unlocked every quarter. The last unlock will take place on June 20, 2025.
