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Boba Secures $70 Million Capital Commitment and Reaches Token Transfer Agreement with FTX Recovery Trust

Summary: Boba Governance Foundation has announced receiving a $70 million capital commitment from Awaken Foundation and LDA Capital to support the ongoing development and ecosystem expansion of the Boba network. Additionally, Boba Governance Foundation has signed an agreement with FTX Recovery Trust, transferring all BOBA tokens held in trust to the foundation. In addition to other ...

Boba Governance Foundation has announced receiving a $70 million capital commitment from Awaken Foundation and LDA Capital to support the ongoing development and ecosystem expansion of the Boba network. Additionally, Boba Governance Foundation has signed an agreement with FTX Recovery Trust, transferring all BOBA tokens held in trust to the foundation. In addition to other considerations and mutual debt waivers, FTX Recovery Trust has also obtained the right to purchase up to approximately 29.4 million BOBA tokens from Boba Governance Foundation at a price of $0.09 per token over the next 18 months. (Chainwire)

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