BOBA Risk

BOBA (BOBA)
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DESCRIPTION

BOBA is the native utility token of the Boba Network, a layer-2 scaling solution for Ethereum designed to enhance the performance and reduce transaction costs on the Ethereum blockchain. As an integral component of the Boba Network, the BOBA token facilitates various activities within the platform, including transaction processing, governance, and staking. Holders of BOBA tokens benefit from reduced fees, participation in network governance, and incentives for providing liquidity.In the Boba Network ecosystem, BOBA tokens are used to pay for transaction fees, participate in protocol governance, and stake for network security. The token also serves as a reward mechanism for users who contribute to the network’s operation and stability. Through its utility in governance and staking, BOBA holders play a crucial role in the evolution and development of the Boba Network, ensuring its continued efficiency and growth.

Boba Network (BOBA) Whitepaper: https://docs.boba.network/

‍RISKS OF BOBA NETWORK
Investing in cryptocurrency and digital assets, such as Boba Network (BOBA), carries inherent risks, including but not limited to: (i) Volatility risk and liquidity risk
(ii) Regulatory risk
(iii) Security risk
(iv) Market risk
(v) Smart contract risk
(vi) Governance risk
(vii) Technological riskFor additional information on risks associated with cryptocurrency and digital assets, you may refer to the Satstreet Inc Services Risk Statement. Please note that these risks and the associated summaries or overviews provided for each herein are not intended to be a complete overview of all such risks, and there may be other risks associated with exposure to BOBA. We encourage all users to perform their own due diligence to assess the risks associated with BOBA and to determine whether this level of risk is acceptable to them. Neither BOBA nor Satstreet guarantees the value of BOBA, and holders of BOBA will not have any recourse to BOBA or Satstreet if the value of BOBA declines for any reason whatsoever.

‍SATSTREET EVALUATION OF BOBA
Satstreet Inc. has reviewed and assessed BOBA prior to making it available through our services and has concluded that BOBA is not a security or derivative under Canadian securities legislation; however, there is a risk that this conclusion could change in the future and that, in such event, Satstreet will be required to halt, suspend, and then remove BOBA from its platform as described in the Satstreet Inc. Services Risk Statement.Further, as indicated above, no Canadian securities regulatory authority has expressed an opinion about BOBA, including an opinion that BOBA is not itself a security and/or derivative. Based on publicly available information Satstreet has reviewed BOBA, including, but not limited to, a review of the following: The creation, governance, usage, and design of BOBA, including the source code, security, and roadmap for growth in the developer community and, if applicable, the background of the developer(s) that created BOBA. The supply, demand, maturity, utility, and liquidity of BOBA. Material technical risks associated with BOBA, including any code defects, security breaches and other threats concerning BOBA and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them. Legal and regulatory risks associated with BOBA, including (i) any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of BOBA, and (ii) statements made by any securities regulatory authorities in Canada, other regulators in IOSCO-member jurisdictions, or the regulator with the most significant connection to BOBA about whether BOBA, or generally about whether the type of crypto asset, is a security and/or derivative.
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Last Updated: August 2024

Risk Statements

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