Global digital asset trading platform LBank Exchange has listed Bobcoin (BOBC) on 18 March 2022. Bobcoin is the first for-profit social enterprise asset-based utility token issued by Bob Eco. The company works towards eliminating pollution and creating thousands of jobs with the help of the world of crypto and decentralized technology.
The native token, BOBC, is now listed on LBank and runs on both Ethereum and Binance Smart Chain. After the listing, the token will be available for trading as a BOBC/USDT pair on the exchange. The trading pair will be officially available for trading at 21:00 (UTC+8) from March 18, 2022. This token listing will help Bob Eco expand its reach as it enters the blockchain space.
What is Bob Eco?
Bob Eco Ltd is an electric vehicle manufacturer and a clean energy company that advocates the use of clean energy. Registered in Hong Kong, its primary goal is to accelerate the transition to sustainable energy while focusing on emerging markets, beginning with the motorcycle taxi market in Africa.
The company has signed a 200-million-dollar production deal to manufacture millions of lithium-powered vehicles, mainly juggernaut Jincheng Suzuki motorcycles for the African continent. The target is to deploy up to 1.5 million UNEP-certified lithium-powered motorcycles for riders by 2024.
Bob Eco is now entering the crypto space and plans to purchase assets to be linked to crypto tokens with the launch of an Initial Coin Offering with Assets (ICO-WA). The funds raised during the ICO will be used to purchase assets linked to the Bobcoin (BOBC), the utility token which links the coin owner to their assets.
The company is integrating the use of blockchain technology into the process to make it more transparent by using asset management systems to show the assets linked to Bobcoin. This will proactively provide digital, permanent, and auditable records that show stakeholders the status and place of assets (motorcycles or objects related to the bob ecosystem), which are easily verifiable by chassis-, engine-, and GPS numbers.
BOBC has a total supply of 1 billion (i.e. 1,000,000,000) tokens. Out of this, 667 million tokens are based on BEP-20, and the remaining 333 million tokens are based on ERC-20. 24% of the total supply is privately sold during STO (which was used for asset purchase and technological developments), 1% is earmarked for launchpad, 2.5% is provided for white list dex, 17.5% is provided for public sales (which will be applied for the purchase of new assets to grow the business model).
Another 10% is reserved for 2024 public sales, 25% is allocated to the team, 5% will be used for marketing, another 5% is for consultancy, and the rest 10% will be used for technology development.