##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.

## How Many OBOL Coins Are There in Circulation?

On 25th July Based Next Gen launched genesis with 100,000 OBOL tokens minted.

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