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Boba Network

Boba Network

BOBA
#703
$0.01811Down 1.92 percent($0.00)

Key Stats

Market Cap$9.06MDown 1.92 percent
Volume (24h)$3.59M
Fully Diluted Value$9.06M
Vol/Mkt Cap (24h)39.65%
Total Supply500.00M BOBA
Max Supply∞
Circulating Supply500.00M BOBA
Launch Date2021-09-14

Boba Network Information

Websites
boba.network
Block Explorers
bobascan.com
Supported Standards
ERC-20
Industries
Platform

Boba Network Price Converter

Boba NetworkBOBA
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Boba Network Markets

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InstrumentExchangeBenchmark DataPrice24h Change
Boba NetworkUSDT logo
BOBA-USDT
BOBA_USDT
gateio logogateio
A
0.01825USDT
-2.87%
Boba NetworkUSD logo
BOBA-USD
BOBA-USD
coinbase logocoinbase
AA
0.01840USD
-2.65%
Boba NetworkUSDT logo
BOBA-USDT
BOBAUSDT
bybit logobybit
A
0.01848USDT
-2.07%
Boba NetworkUSD logo
BOBA-USD
BOBAUSD
kraken logokraken
AA
0.01820USD
-4.31%
Boba NetworkUSDT logo
BOBA-USDT
BOBA-USDT
kucoin logokucoin
BB
0.01833USDT
-3.07%

About Boba Network

The BOBA token is the native token of Boba Network, a Layer-2 Ethereum scaling solution. It’s used for transaction fees, staking, and governance. The network uses Optimistic Rollups for faster transactions and lower fees, and is compatible with Ethereum smart contracts. Token holders can stake BOBA to earn rewards and secure the Layer-2 chain. They can also propose or vote on network changes. Boba Network was founded by Alan Chiu.

Frequently Asked Questions

The BOBA token is the native utility token of the Boba Network. It is primarily used to facilitate various activities within the ecosystem, such as paying transaction fees, staking, and participating in governance decisions.

Boba Network is a Layer-2 scaling solution built on top of the Ethereum network. It aims to enhance the capabilities of Ethereum by offering faster transaction speeds and lower fees, making decentralized applications more usable and scalable. The network uses Optimistic Rollups to achieve this increased efficiency, which also ensures compatibility with Ethereum smart contracts without requiring any modification.

Beyond its primary functions mentioned above, the BOBA token also plays an integral role in securing the network. Token holders can stake their BOBA to earn rewards and, in return, help to secure and validate the Layer-2 chain. Additionally, as part of the decentralized governance structure, BOBA token holders can propose or vote on changes and improvements to the network, ensuring it remains community-driven and adaptable.

Alan Chiu founded Boba Network and currently serves as its CEO.