As bitcoin gains legitimacy, an increasing number of organizations are utilizing it as a go-public strategy. Overstock (200 million market cap), a big American retailer, initiated the trend in 2017 when it issued its ICO (or “Initial Coin Offering”) token using its self-developed tZero digital asset platform. Since then, more significant corporations have entered the battle, including blockchain technology company Dignity Gold (USD 3.1 billion in market value) and financial services firm Societe Generale (USD 113 million in market cap). Companies from many industries are now adopting cryptocurrency to raise capital.
Bobcoin, a cryptocurrency created by the firm Bob Eco, is set to go public in mid-April. The pre-listing price is projected to be between USD 1.45 and USD 1.50; interested parties can purchase Bobcoin in advance through launchpad and decentralized exchange pre-sales. The list of launchpads and decentralized exchanges are still being finalized.
Since 2017, Bob Eco has been offering microfinance and poverty assistance. In 2018, Bob Eco began sponsoring motorbike taxis and quickly developed a cutting-edge electric motorcycle powered by two large lithium-ion batteries, which is non-existent on the African continent and is a game-changer in the fight against pollution and climate change. Bob Eco collaborated with Jincheng-Suzuki to create this motorbike. Too far, the businesses have created a diverse variety of strong electric vehicles, ranging from Tuk-tuks to electric freight tricycles. The cars are powered by swappable batteries that can be switched in under a minute at any of Bob Eco’s battery stations.
Bob Eco had all the ingredients to become an electric car juggernaut in developing nations, according to its successful concept. In order to expand, Bob Eco introduced Bobcoin in March 2021, with each token representing one share. Tens of millions of dollars were raised by investors for a 24 percent interest in the firm. With this support, Bob Eco has been able to increase manufacturing and generate over 300,000 employment with its electric vehicles. By the end of 2025, Bob Eco intends to expand its present fleet to 2,000,000 electric bikes.
Bob Eco will be ready to take on Africa’s 600-billion-dollar motorbike industry with this new investment. In preparation, Bob Eco has constructed a new plant capable of producing hundreds of thousands of units per year. Bob Eco is prepared to satisfy demand thanks to a contract with Jincheng-Suzuki for 200,000 units each year. Bob Eco has already signed deals in Africa, including one for 232,000 units with the Senegalese government. Bob Eco’s total agreements already surpass 360,000 units per year, a figure that is expected to skyrocket post-ICOWA.
