Japanese crypto exchange GMO Coin announced on Thursday that it has decided to support the airdrop program of “BOBA tokens” for OMG Network (OMG) holders.
The snapshot date and time would determine the distribution amount to be given to OMG holders. The exchange would distribute the tokens at a ratio of 1: 1 to the OMG holding quantity on November 12, 2021 (Friday) at 00:00 UTC.
In order to handle BOBA tokens with GMO Coin, users would be required to follow the prescribed procedures in accordance with laws and regulations of self-regulatory organizations.
If the Japanese authorities do not approve the handling of BOBA tokens, users would not be granted the BOBA tokens.
BOBA Network is an Ethereum-based Layer 2 Optimistic Rollup Solution that offers low gas fees, high processing speed, and NFT (Non-Fungible Token) bridging function. BOBA tokens are the governance tokens of BOBA DAO. The tokens can also be used to earn rewards by staking on the BOBA network.
In addition to GMO Coin, Binance would also support the distribution of BOBA tokens on its platform.