$BOBA & The Boba Shop
The $BOBA Token
What is $BOBA?
$BOBA is an off-chain token earned by holding an Everyday Goddess. Keeping the token off-chain means that we can make the ecosystem completely gas-free.
What is $BOBA used for?
$BOBA is used in the Boba Shop to purchase a wide range of items including:
- Collectible NFTs
- Custom art NFTs
- Merch
- Allowlist spots
How is $BOBA earned?
$BOBA is earned by simply holding an Everyday Goddess. Rather than having a staking contract that would require you to completely lock up your NFTs and pay gas on every interaction, we decided to implement a pseudo-staking system that rewards you for emulating how a staking contract functions. What that means is you will earn the most tokens by completely delisting your Goddesses from NFT marketplaces. There will be a second, middle tier of rewards for listing your Goddesses but for a high price (higher than the floor price multiplied by 2). And finally there is the lowest yield tier for listing your Goddess at any price that is lower than the floor price multiplied by 2.
Furthermore, the longer your Goddess has been delisted or listed at a high price, the more tokens you earn. If you Goddess is listed low, you do not earn more over time.
In practice:
If the floor is at 0.05 ETH
- Delisted Goddesses earn the most
- Goddesses listed at or above 0.1 ETH earn a moderate amount
- Goddesses listed between 0.05 ETH and 0.1 ETH earn the least
You can see the actual yields in the table below:
There will be other ways to earn $BOBA — through games, giveaways, and more.
The Boba Shop
Sales Model
The Boba Shop will feature three sale models:
Fixed price
Certain items will be listed at a fixed cost, typically with a 1 per buyer limit. Goddess holders will be able to purchase said items using their $BOBA tokens assuming they have the necessary balance. These will be sold on a first come, first served basis.
Auction
Certain items will be listed for auction. Once the reserve bid is met, a timer will begin to tick down. $BOBA used to place bids will be taken from the user’s balance and refunded if the user is outbid. The winner of the auction will have their bid amount permanently deducted and will be contacted by our team to receive their purchase.
Raffle
Raffles will allow users to purchase tickets to enter a draw for a prize. The number of tickets a user can purchase and the price of a ticket can vary from one raffle to another. Once the raffle is done, a winner is randomly chosen and contacted by our team to receive their prize.
F.A.Q.
How is the token credited?
The token is credited daily and automatically on a per-wallet and per-Goddess basis.
Where can I see my token balance?
You can see your token balance on the Everyday Goddesses website by connecting your wallet.
Can I transfer $BOBA from one wallet to another?
You cannot transfer $BOBA on day 1 but we have plans to implement transfers and multi-wallet support in the future.
