Bobcoin (BOBC) is a social asset-backed cryptocurrency, representing the rights of a Bobcoin holder to receive a benefit from their tokens. Each Bobcoin is linked to an electric vehicle managed by Bob Eco, a for-profit clean energy and electric vehicle enterprise. The tokens are backed by the value of the assets they represent, which include electric vehicles and objects within the Bob Eco system. These assets aim to clean the environment and assist individuals in developing countries to earn a living. Bobcoin is designed with pro-environment and equal opportunity objectives in mind.

Bobcoin operates on a unique model where each token is linked to an electric vehicle managed by Bob Eco. This linkage ensures that the tokens are always backed by the value of the asset they represent. Bobcoin is integrated into Bob Eco's asset management systems, providing digital, permanent, and auditable records that show stakeholders the status and place of assets. These assets, which include motorcycles or objects related to the Bob ecosystem, can be verified by chassis, engine, and GPS numbers. This system aims to provide transparency and permanence, which are essential to the efficiency and stability of the crypto market.

Bobcoin aims to serve as a utility token within the Bob Eco system, linking the coin owner to a specific asset. The funds gained through the Initial Coin Offering with Assets (ICO-WA) are used for asset purchases linked to Bobcoin. This system aims to provide opportunities to project enthusiasts and spur human potential across emerging markets. Bobcoin also seeks to integrate blockchain technology into its asset management systems, providing transparency and traceability of public data shared across the grid. This integration aims to enhance transparency in the overall company processes.

The fundamentals of Bob Eco, the company behind Bobcoin, started in 2017 when the founders began providing small loans to individuals across emerging markets. The company's mission is to accelerate the transition to sustainable energy while focusing on emerging markets, beginning with the motorcycle taxi market in Africa. Bob Eco developed an electric motorcycle that it offers on a lease-to-own basis and established partnerships with African governments. In 2022, Bob Ultee, the CEO of Bob Eco, decided to launch Bobcoin on the primary crypto market. The company has since been involved in marketing activities to create a fanbase for the introduction of Bobcoin on the public market.