Question 1

What is BOBA?

Accepted Answer

BOBA is the native ERC-20 token of Boba Network. Boba Network is a Layer 2 optimistic-rollup network built on Ethereum and compatible with EVM tools; BOBA can serve governance and utility purposes for the network, but holding it is not equivalent to holding equity in Boba Network or its related entities.

Question 2

What is the relationship between Boba Network and Ethereum?

Accepted Answer

Boba executes transactions on Layer 2 and settles them with Ethereum in batches, rather than executing every user operation separately on the Ethereum mainnet. The core of an optimistic rollup is to first process and aggregate Layer 2 transactions under its rules, then rely on the underlying chain's security and settlement mechanisms; this enables the network to support applications in an EVM-compatible manner. Layer 2 is not an unrelated chain independent of Ethereum, and assets and cross-layer withdrawals must still follow its bridging and settlement rules.

Question 3

What stated uses does BOBA have?

Accepted Answer

BOBA can be used for governance and network utility functions in the Boba ecosystem. On Boba networks that support a dual-fee-token option, users may pay transaction fees in BOBA when available; this is a fee-payment option, not a requirement that every user must hold BOBA in every Boba deployment.

Question 4

Must BOBA always be used to pay transaction fees on Boba Network?

Accepted Answer

Not necessarily. Boba's dual-fee-token design allows users, when this function is available, to choose BOBA or the underlying protocol's native currency to pay network transaction fees. Which option is actually available depends first on whether the connected Boba network supports that mode, and then on whether the wallet or application provides the option; before submitting a transaction, users should confirm the selected network, token balance, and fee currency shown by the interface.

Question 5

How were BOBA's initial supply and allocation arranged?

Accepted Answer

BOBA's initial total supply was 500 million tokens, initially allocated as 42% to the treasury, 28% to airdrops, 20% to the team, and 10% to investors. This is the ownership structure in the token's initial design: it indicates the proportion of the initial supply assigned to each category, but does not mean that all these tokens will circulate simultaneously, that holders will receive fixed returns, or that any category will necessarily sell immediately.

Question 6

Are BOBA's initially allocated tokens still unlocking under that schedule?

Accepted Answer

Boba Network's tokenomics page records that the final unlock from the initial allocation occurred on June 20, 2025, so this initial unlock schedule has ended. An unlock means allocation tokens previously subject to timing conditions become disposable as scheduled; it does not mean that all of those tokens have been transferred, sold, or counted toward a platform's tradable balance, as actual circulation remains affected by holder, custody, and locking arrangements.

Question 7

How can assets be transferred between Boba and other networks?

Accepted Answer

Bridging is generally required to transfer assets into or out of Boba. When transferring in, the user submits assets on the source network according to the bridge's rules, and the bridging system credits corresponding available assets on the target network; when transferring out, the user initiates the reverse process, and arrival time and availability are determined by the settlement rules of the bridge and the source and target networks used. The networks at both ends, asset version, and receiving address must match; directly sending tokens to an incompatible network or address should not be treated as completing a bridge transfer.

Question 8

Does network usage guarantee BOBA's price or returns from holding it?

Accepted Answer

BOBA's market price and liquidity may be affected by factors such as market trading, tradable supply, expectations for network use, and holder behavior, but there is no automatic price transmission between these factors. For example, increased network use may affect demand for BOBA only if changes actually occur in areas such as fee-token selection, token demand, or market expectations; even if they do, broader markets and selling supply may still offset the effect. Official materials do not describe BOBA as a token that guarantees dividends, buyback revenue, or fixed returns.

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