$BOBA token airdrop information, Boba Network is pleased to announce that OMG Foundation is launching a new token to support the network. Boba token ($BOBA) is a governance token of Boba DAO, and it can also be mortgaged on Boba Network to get rewards. From the snapshot date of November 12th, 221, $BOBA tokens will be airdropped to OMG token holders at a ratio of 1:1 (for every $OMG, token holders will receive a $BOBA). The airdrop snapshot will take place in the first Ethereum (L1) block, and the timestamp is greater than or equal to 221/11/12 : AM (UTC).
BOBA currency can't be used in real life, but only operated as an investment type.
1. BOBA Token Utility
1. Governance $BOBA will be used to manage Boba DAO, which will be used for community initiatives and the future direction of the network. Each $BOBA holder will get their vote on each token on Boba Network. Token holders will be eligible to submit proposals, votes and proxy votes on DAO according to the governance guidelines. To participate in $BOBA DAO, please visit Boba Gateway and navigate to the DAO section on the left toolbar.
2. The $BOBA tokens pledged on the Boba Network will also earn part of the transaction fees earned by the network through the chain distribution managed by the community. Fees * * * The time and details of the arrangement will be * * * shared in the Boba DAO governance proposal, and DAO voting will be conducted after the network has been running in a stable state for a long time to help determine such details.
3. details of airdrop. when we start planning this airdrop, we hope to be fair to all $ TERM holders, encourage the use of Boba Network, and ensure that we reward our active community members. The design of airdrop takes these three principles into account, which is in line with our goal of becoming a more community-driven decentralization project over time. On November 12th, 221, all wallets holding $OMG on L1 and Boba Network L2 will be snapped. This snapshot records all wallet addresses and OMG holdings of unmanaged wallets and participating exchanges on Layer 1 and Layer 2 of Boba Network. This snapshot will determine the eligibility for airdrop.
2. In order to actually receive the airdrop, the token holder must do one of the following to qualify:
1. Connect the $OMG bridge in the unmanaged wallet to the Boba Network before the snapshot date. Anyone who holds $OMG on Boba Network on the snapshot date can get $BOBA tokens equal to his $OMG holdings at any time on or after the airdrop date. If tokens are mortgaged on L2, they are still eligible for airdrops. If $OMG is pledged in Boba L1 liquidity pool, it can still be collected by airdrop, but it will enter L2 to pledge the corresponding wallet address on L1. The $BOBA tokens received in this way will be unlocked and immediately available for use. In addition, users who transfer their $OMG to Boba Network (including L1 liquidity pool) before the snapshot date will receive an airdrop bonus equivalent to 5% of their $OMG token holdings.
2. bridge $OMG to Boba Network after the snapshot date. Any $OMG token connected to Boba Network from L1 Bridge after the snapshot date is still eligible for $BOBA airdrop if it has not been airdropped at the participating exchanges and transferred to L2 within one year at most after the snapshot date. Any token claimed on L2 in this way will be pledged on Boba Network and locked for 3 days. After the lock-up period ends, the $BOBA token will be mortgaged and used freely. To qualify for this method, the $OMG token must be bridged with the wallet address of $OMG on the snapshot date from L1. Any unclaimed $BOBA tokens will become part of the $BOBA vault.
3. hold $OMG in the participating exchanges. Anyone who holds an $OMG in a participating exchange is eligible to collect or receive their $BOBA through their escrow wallet. For more information about how to apply for tokens at participating exchanges, please click the link below to learn about the exchange allocation plan. Any $ TERM tokens held on non-participating exchanges will not receive airdrops.