- BOBA token is ready for an airdrop, which will be held on the WOO, Binance, Huobi, and various others. One can participate in it by holding OMG.
- It is the next-generation governance token for the BOBA Dao. Meanwhile, this token is supported by BOBA Network which has various utilities.
What Is BOBA Token?
Before learning about the BOBA token, we should take a little dive into the BOBA network. BOBA network is a Layer 2 technology solution on the Ethereum blockchain. It joins projects like Polygon, Arbitrum, Optimism, zkSync, and StarkWare, and also addresses Ethereum’s ongoing scalability, or expansion, issues. It is a subcategory of ETH Layer 2 solution of optimistic rollups. It allows users to withdraw the funds within minutes as opposed to days.
BOBA token is a governance token for BOBA Dao and will be used for the network future. Each holder of the token gets a vote and submits proposals for the DAO. One can also stake the token and will receive a portion of the transaction.
BOBA has a supply of 500,000,000 in which 42% of the supply is fixed with treasury and 28% is being distributed with the token holders.
How To Participate In BOBA Token Airdrop?
If anyone wants to participate in the given airdrop then they need to hold OMG on the BOBA network. They will be able to claim the tokens on or after the airdrop date. If the OMG is staked in the L1 liquidity pool, then one can still claim the airdrop. If someone has OMG on the particular exchange then will be able to participate in the airdrop.
What Does The Future Hold For BOBA?
The network has various utilities and is used in various fields like defi and nft. They are giving liquidity incentives to scale TVL and their growth in Defi.In the future, BOBA can be the biggest name in Defi and NFT. If one wants to bet on the future of Defi and NFT then BOBA is the safest haven for them.