On 25th July Based Next Gen launched genesis with 100,000 OBOL tokens minted.
What is Based Finance
The first iteration of the protocol, Based finance, supported TOMB by pegging to tomb. Providing utility and increasing liquidity on the Fantom Blockchain.
What is OBOL
OBOL is a PEGLESS token and a part of Based Next Gen (v2), which is a multi-token protocol. Based Next is a continuation of the successful seigniorage protocol BASED Finance. Being a product of research and innovation, Obol looks solve the algorithmic token problem by moving to a pegless model that relies on Market forces and value added mechanics for price determination.