HongBao.fi is centered around three key concepts: Red Envelopes, Decentralization, and NFTs. On HongBao.fi, the design of red envelopes has been transformed into an NFT. Any user who acquires a Red Envelope NFT can use it to send a decentralized red envelope to their friends through a smart contract. When a friend claims the red envelope, it activates a mining reward once, which is distributed to both the sender and the receiver! This innovative and engaging approach integrates red envelope culture, NFTs, and mining rewards seamlessly.

HOBA is the functional experience token for the decentralized red envelope ecosystem of HongBao.fi.
HOBA is launched in a fair manner, distributed entirely for free to ecosystem participants without any private sales, public sales, or team allocations. Ways to obtain HOBA include: lossless mining, red envelope mining, and ecosystem airdrops.
HOBA is a functional experience token designed purely for the enjoyment of decentralized red envelopes and is distributed freely to community members. It is highly experimental and not intended as an investment product, with no promises regarding investment value.