$BOBA Tokenomics
$BOBA is an Ethereum ERC-20 token that is compatible with all EVM protocols such as Binance, and much more.
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 a
decentralized Web3 vision. $BOBA supports a variety of utilities.
HybridCompute™
Invoking HybridCompute™ within Boba smart contracts will be charged and paid in $BOBA.
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 the infrastructure growth with dev grants, incentives and more.
Earn Rewards
$BOBA holders can stake their tokens and receive yield.
Reduced fees
Up to 100x cheaper than the underlying blockchain
High throughput
Improved transaction
scalability
Reduced fees
Up to 100x cheaper than the underlying blockchain
Ecosystem Growth
$BOBA is used to fund the infrastructure growth with dev grants, incentives and more.
Earn Rewards
$BOBA holders can stake their tokens and receive yield.
Market
$BOBA can be traded on a large variety of crypto markets and has the following market statistics.
50.91M
Total Transactions
114.52K
Active Addresses
7781
Active Tokens
Token Supply Distribution
Fair token distribution is an important part of realizing a decentralized vision. With this in mind, the Boba Foundation airdropped a large amount of the initial tokens to the crypto community. Let’s break down the numbers of the 500M $BOBA token distribution.
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.
