| General information | |
|---|---|
| Global rank: | 747 |
| Name: |
Boba Network |
| Symbol: | BOBA |
| Current coin price (AED): | 0.156 د.إ |
| Last hour: | arrow_downward-0.190 % |
| Last 24 hours: | arrow_downward-0.600 % |
| Last 7 days: | -2.53 %trending_down |
| Capitalisation (AED): | 77 098 885.33 د.إ |
| Volume 24h (AED): | 3 634 295.27 د.إ |
| Available supply: | 493 580 902.00 BOBA |
| Total coin supply: | -1 BOBA |
| Start date: | 2021-09-14 |
Boba Network/United Arab Emirates Dirham (BOBA/AED) price chart
Boba Network/United Arab Emirates Dirham (BOBA/AED) capitalisation and volume charts
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.