Bobcoin is a social asset-backed crypto—a cryptographically secured representation of the rights of a Bobcoin holder to receive a benefit from their tokens. Bobcoin is used as a standard payment token across the ecosystem to facilitate payments between vehicle users, riders and clients. As every Bobcoin is linked to an electric vehicle managed by Bob Eco, the tokens are always backed by the value of the asset they represent. These assets cover electric vehicles and objects in the Bob Eco system, which both clean the environment and help people in developing countries to make a living.