From Boomcoins to Meals for 2 million Nigerians 🇳🇬

A Boom Foundation Initiative

14th April 2024
The Current Crisis
Nigeria faces an urgent food and cash crisis, significantly affecting the unbanked and underserved communities. The lack of access to basic necessities is not only a pressing humanitarian issue but also a major obstacle to economic development and stability.
Immediate Action Is Required
Immediate intervention is crucial. Delaying action worsens the hardships faced by millions, deepening financial disparities and undermining the foundations for a stable and inclusive economy. Now is the time to act to ensure swift relief and lay the groundwork for sustainable economic empowerment.
Boom Foundation's Solution
We're using our blockchain-powered commerce ecosystem to directly tackle this crisis. Our solution will leverage two key components of our superapp, the Boom Wallet and the Boom Marketplace.

Boom Foundation has allocated 1 million BMC to this airdrop and has opened the initiative to public donations, which will be matched 1:1 for all donated BMCs, up to an additional 500,000 BMC.

Airdrop of $BMC: We're distributing Boomcoins (BMC) to directly affected Nigerians, providing them with the means to transact immediately. Once the users have downloaded the application and completed their KYC, they will automatically accept the airdrop of BMC and have access to the food packages in our marketplace.

Food Package via Boom Marketplace: Collaborating with vendors, we'll make food packages available on the Boom Marketplace, purchasable with BMC. This ensures that the aid reaches those in need in a timely and efficient manner, all while leveraging our infrastructure to ensure inclusion.
Join Our Effort
This crypto-for-social-good initiative offers a unique opportunity for the crypto community, Africans in the diaspora, businesses, vendors and non-profit organisations to donate and help make a tangible difference to those in need.

Your collaboration will directly contribute to the welfare of millions of Nigerians, showcasing your commitment to social impact.

Engaging with this campaign aligns you with a socially responsible mission, highlighting your commitment to helping to make the world a better place.

All donations will be swapped into BMC and sent to the donations wallet. To donate in Fiat, please contact meals@boom.market and to donate in crypto, send BMC, ETH, wBTC, USDC or any other tradeable ERC-20 token directly to the donations wallet below:

Please share this page on socials with the hashtag #cryptoforsocialgood to help spread the word. Thank you.



Donations progress
1,200 BMC
Target: 2 Million
Or send donation to:
0xA78A707D7ABaE918737b...
Donors and Partners

Whether it’s ordering a pizza or booking a holiday, every online payment has relied on the global banking system — leaving over 2 billion adults, holding $33 trillion in cash, unable to participate. At the same time, the banking system often lacks resilience, with outages disrupting global payments.

Boom digitises cash into stablecoins, bridging the offline and online economies and enabling anyone, anywhere to spend, accept, and save money online — securely, instantly, and without a bank account.

Each Boom stablecoin, including bGBP, is 100% backed by GBP reserves held and managed in-country by regulated financial institutions and invested in short-term government bonds, ensuring stability, transparency, and compliance from day one.

Boom Technologies Ltd is registered in England and Wales (No. 15034868). Boom Markets Ltd is registered under SCUML (No. SC151839892) in accordance with the Money Laundering (Prevention and Prohibition) Act, 2022.

Over 2 billion adults worldwide remain unbanked, limiting access to the digital economy. Most online payments require a bank account, but many still rely on cash, which can’t be used online.

Boom Technologies Ltd (“Boom”) digitises cash, enabling anyone to securely spend, accept, and save it online—without needing a bank account. Transactions are verified, traceable, and compliant with AML/KYC standards.

While digital assets involve volatility and regulatory risk, Boom’s tokenised GBP (bGBP) is backed 1:1 by GBP reserves held by regulated custodians. These may include government bonds, gold, Bitcoin, and cash.

Boom is not a bank and is not authorised or regulated by the UK Financial Conduct Authority (FCA).

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