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About Boba Network(BOBA)
What is Boba Network?
The Boba Network is a blockchain scaling solution that utilizes optimistic rollup technology to improve communication. It is fully compatible with EVM-based tools and supports multiple chains, including Avalanche, BNB, Moonbeam, and Fantom. This compatibility aims to facilitate faster transactions and lower fees compared to their respective layer-1 counterparts. The Boba Network is powered by Hybrid Compute technology, which combines on-chain and off-chain computation to provide enhanced experiences for decentralized applications. The BOBA token is used for governance within the Boba DAO, allowing token holders to submit proposals, vote, and delegate votes in accordance with the network's governance guidelines.
How does Boba Network Work?
The Boba Network is a blockchain solution that utilizes Optimistic Rollup technology to improve computational capabilities. It provides cross-chain messaging, uses different gas pricing logic, and offers a swap-based system for rapid L2->L1 exits without the typical 7-day delay. Boba Network also features a community fraud-detector that allows transactions to be independently verified. It interacts with L2 ETH using standard ETH methods rather than as WETH. The network is organized as a DAO and supports native NFT bridging. It also automatically relays classical 7-day exit messages to L1, eliminating the need for this to be a separate step.
Boba Network aims to unlock the potential of rollup technology and enable more flexible blockchain communication. It can be used to aim for quicker transactions and reduce transaction fees. Developers can leverage Boba Network's Hybrid Compute technology to aim for the creation of more efficient smart contracts that utilize off-chain compute and real-world data, aiming to improve the user experience for decentralized applications. Furthermore, BOBA token holders can participate in the governance of the Boba DAO, contributing to community initiatives and shaping the network's future direction.
What is the BOBA Token?
The governance of the Boba DAO will be facilitated by BOBA tokens, which will allow token holders to participate in community initiatives and shape the network's future direction. Each BOBA holder will receive one vote for every token they stake on the Boba Network. Token holders will have the opportunity to submit proposals, vote, and delegate votes for proposals on the DAO in accordance with the governance guidelines.
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After having successfully signed up on Bitget and purchased USDT or BOBA tokens, you can start trading derivatives, including BOBA futures and margin trading to increase your income.
The current price of BOBA is $0.1973, with a 24h price change of +1.28%. Traders can profit by either going long or short onBOBA futures.
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Boba Network Social Data
In the last 24 hours, the social media sentiment score for Boba Network was 3, and the social media sentiment towards Boba Network price trend was Bullish. The overall Boba Network social media score was 0, which ranks 1311 among all cryptocurrencies.
According to LunarCrush, in the last 24 hours, cryptocurrencies were mentioned on social media a total of 1,058,120 times, with Boba Network being mentioned with a frequency ratio of 0%, ranking 1311 among all cryptocurrencies.
In the last 24 hours, there were a total of 63 unique users discussing Boba Network, with a total of Boba Network mentions of 5. However, compared to the previous 24-hour period, the number of unique users increase by 47%, and the total number of mentions has decrease by 17%.
On Twitter, there were a total of 0 tweets mentioning Boba Network in the last 24 hours. Among them, 0% are bullish on Boba Network, 0% are bearish on Boba Network, and 100% are neutral on Boba Network.
On Reddit, there were 20 posts mentioning Boba Network in the last 24 hours. Compared to the previous 24-hour period, the number of mentions decrease by 33% .
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