OMG PERPs trading at 20% discount ahead of BOBA airdrop
According to a recent announcement, the OMG Network transformed into the OMG Foundation with the BOBA Network as a core contributor to the Foundation. The BOBA token will be airdropped to the holders of the OMG token as of the snapshot date of Nov 12, 2021, on a 1:1 basis.
BOBA airdrop
The new token from OMG Foundation, BOBA, is an Ethereum Layer 2 Optimistic Rollup scaling solution that is faster and with lower gas fees. The BOBA token is the governance token of the BOBA decentralized autonomous organization and can be staked on the Network.According to the statement from the website, the airdrop for the BOBA token will take place "at the first Ethereum (L1) block with a timestamp greater than or equal to 2021/11/12 00:00 AM (UTC)." For every OMG token that a user holds on an exchange like Binance, the user will get 1 BOBA token starting Nov 19.
A snapshot will be taken of all the "wallets holding $OMG on L1 and the Boba Network L2." The wallet addresses will be recorded and will be the sole factor in determining the eligibility for the airdrop.
OMG PERPs at 20% discount
The holders of the OMG want to hold the token in their wallets so that they are eligible for the airdrop. However, they also want to hedge their tokens to be on the more caring side. According to the details of the airdrop, all the unhedged funds will be eligible for the airdrop, and the Margin longs or Margin shorts in OMG/XXX won't be eligible for the same.As a result of this unrest, the OMG PERPs are now trading at a 20% discount. Currently, the OMG spot is at $18.5 while the OMG PERP is at $16.18. The BOBA airdrop news caused people to long the OMG in their spot and short the PERPs, leading to this difference in prices.
Following the popularity of the airdrop, crypto exchanges like BitFinex have announced their support for the airdrop. It seems that this airdrop will lead to a spike in prices as OMG is already up by more than 20%.
100% Success Money Back Guarantee
If our approach doesn’t outperform the overall crypto market during your subscription, we’ll give you a full refund of your membership. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Take your next step towards crypto success
$799/year
Get everything you need to actively manage your portfolio and stay ahead. Ideal for investors seeking regular guidance and access to tools that help make informed decisions.
For your security, all orders are processed on a secured server.
What’s included in Pro:
Success Guarantee, if we don’t outperform the market, you get 100% back, no questions asked
24/7 access to experts with 50+ years’ experience
All of our top token picks for 2025
Our latest memecoins pick with 50X potential
On hand technical analysis on any token of your choice
Weekly livestreams & ask us anything with the team
Daily insights on Macro, Mechanics, and On-chain
Curated list of top upcoming airdrops (free money)
Our track record speaks for itself
With over 2.4M tokens and widespread misinformation in crypto, we cut
through the noise and consistently find winning assets.
Frequently Asked Questions
Can I trust Cryptonary's calls?
Yes. We've consistently identified winners across multiple cycles. Bitcoin under $1,000, Ethereum under $70, Solana under $10, WIF from $0.003 to $5, PopCat from $0.004 to $2, SPX blasting past $1.70, and our latest pick has already 200X'd since June 2025. Everything is timestamped and public record.
Do I need to be an experienced trader or investor to benefit?
No. When we founded Cryptonary in 2017 the market was new to everyone. We intentionally created content that was easy to understand and actionable. That foundational principle is the crux of Cryptonary. Taking complex ideas and opportunities and presenting them in a way a 10 year old could understand.
What makes Cryptonary different from free crypto content on YouTube or Twitter?
Signal vs noise. We filter out 99.9% of garbage projects, provide data backed analysis, and have a proven track record of finding winners. Not to mention since Cryptonary's inception in 2017 we have never taken investment, sponsorship or partnership. Compare this to pretty much everyone else, no track record, and a long list of partnerships that cloud judgements.
Why is there no trial or refund policy?
We share highly sensitive, time-critical research. Once it's out, it can't be "returned." That's why membership is annual only. Crypto success takes time and commitment. If someone is not willing to invest 12 months into their future, there is no place for them at Cryptonary.
Do I get direct access to the Cryptonary team?
Yes. You will have 24/7 to the team that bought you BTC at $1,000, ETH at $70, and SOL at $10. Through our community chats, live Q&As, and member only channels, you can ask questions and interact directly with the team. Our team has over 50 years of combined experience which you can tap into every single day.
How often is content updated?
Daily. We provide real-time updates, weekly reports, emergency alerts, and live Q&As when the markets move fast. In crypto, the market moves fast, in Cryptonary, we move faster.
How does the success guarantee work?
If our approach to the market doesn’t beat the overall crypto market during your subscription, we’ll give you a full refund of your membership fee. No questions asked. For quarterly and monthly subscribers this is applicable once your subscription runs for 6 consecutive months.
Recommended from Cryptonary
