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If you are a fan of meme coins or have been looking for short-term trading opportunities in recent months, you must have heard about digital currency Bob (BOB) and the buzz it has created among crypto meme coins. It is true that memecoins become popular and famous through the popular culture of the Internet and because of their entertainment aspect, but each one tries to target its own character, community and fans, which is precisely how they also fall on the tongues as short- term trading opportunities.
Digital currency Bob (BOB) is an ERC20 Ethereum token launched in April 2023 that powers the Twitter bot Explain This Bob. BOB’s logo and character are very similar to Kevin Pepe’s meme. Bob’s unique feature is that he knows the answer to all questions and actually uses the GPT4 chat artificial intelligence model to answer users’ questions.
Although Twitter bot Bob was created by an Indian software engineer, the identity of the creators of the Coin Bob meme is not exactly known. But we do know that the logo and character are very similar to the Pepe meme, and the Bob the Robot fan community has promoted this meme coin as a way to fund and support the bot’s development.
The aim of Bob’s digital currency is to conquer the space and market of meme coins using humor and his gigabyte brain. The word BOB stands for Bob’s Omniscient Brain. Bob claims to know everything and answer any question, from science to philosophy, from health to relationships, and from life to death. Bob isn’t just a meme coin, he’s defined by his own community of fans who love Bob and his witty insights.
BOB token is a utility token in the Bob robot ecosystem. This token was popularized with the participation of people interested in the performance of the Bob robot. Bob’s token supports the running costs of Bob’s robot and its financing, and is considered to be an innovation as a result of the combination of meme coins and artificial intelligence.
Coin Bob meme was created in 2023 by anonymous developers. The name, logo and character of this coin is based on the popular Internet meme “Pepe the Frog” or “PEPE the Frog”, which created the Pepe Coin (PEPE) meme. Therefore, Kevin Bob’s meme has many similarities with Kevin Pepe’s meme. The Bob token was launched on the Ethereum blockchain as an ERC-20 standard token and quickly gained popularity among memecoin enthusiasts.
In April 2023, the Bob cryptocurrency was linked to the Twitter bot “Explain This Bob”, which humorously and often sarcastically explained tweets and answered users’ questions. The popularity and attention paid to the meme of CoinBob can also be attributed to the interaction of this robot with Twitter users.
The team behind Bob’s digital currency is anonymous; But they have been very active in promoting this coin on social media. They have also worked to develop Bob’s cryptocurrency ecosystem, which includes a decentralized exchange (DEX) and a staking platform.
Kevin Bob’s meme connection with the famous Twitter bot
The Kevin Bob (BOB) meme is closely related to the Twitter bot “Explain This Bob”. The articles section of Bob’s official MemeCoin official website announced that Bob’s token will act as fuel for the “Explain Bob” Twitter bot. The bot, created by an Indian software engineer named Prabhu P. Biswal, uses the GPT4 chat AI model to analyze and respond to requests and questions from Twitter users.
For example, users tag the @Explainthisbob account in a tweet thread, and Bob will provide a simple reply and explanation of the content of that tweet. So, users tag Bob’s bot account and ask him questions, and this artificial intelligence bot answers them.
The rise and fall of the Bob bot on Twitter and Elon Musk’s influence
We mentioned that Bob, the bot used on Twitter under the @Explainthisbob tag, was launched in January 2023 and used ChatGPT AI to answer users’ questions or provide summaries of long tweets .
The Bob robot attracted a lot of attention when Elon Musk, the famous new owner of Twitter (X), endorsed it in a tweet on April 20, which resulted in an increase in the price of Bob (BOB).
Bob token was created as a decentralized digital currency on the Ethereum blockchain. This token has a fixed supply of 690 billion units and its transaction fees are zero.
Bob digital currency also supports the artificial intelligence robot ExplainThisBOB and its decentralized exchange called BobSwap. Stay with us to explain about this decentralized and tokonomic digital currency exchange.
BobSwap Decentralized Exchange
BobSwap decentralized exchange was introduced in May 2023. Using this decentralized exchange, users can trade some of the most popular digital currencies in the crypto market. According to BobSwap, this exchange works fast and smoothly, provides users with a seamless trading experience, and is even faster than the famous decentralized exchange UniSwap.
One of the features of BobSwap is its ability to take advantage of the latest technological advances in the DeFi industry while maintaining a user-friendly and simple interface. BobSwap claims that the robust infrastructure of this decentralized exchange allows the platform to process transactions seamlessly and without interruption.
The amount of transaction fee (in Gwei) is preset;
Professional mode up to 99% slippage (price slippage)
Better protection against MEV bots (software tools built to monitor the Ethereum blockchain, identify profitable opportunities, and automatically execute those transactions for the user)
Another commendable feature of Bob Swap is its emphasis on community -oriented development. This approach makes Bob’s digital currency grow organically with the support of its members. With a focus on transparency, BobSwap encourages its users to participate in shaping the future of the platform by participating through governance.
It is important to note that BobSwap charges 1% of transactions as a tax to support the long-term vision of this decentralized exchange. This tax goes towards social initiatives on the platform, including incentives for liquidity and project development, thus ensuring that the platform continues to evolve to meet the needs of its users.
According to the project’s website, the Tokonomics of Bob’s digital currency is as follows:
Its total supply is 690 billion tokens;
Transaction fees are zero;
The policy of applying taxes in it is equal to zero;
There is a contract that locks the liquidity of the Bob token for about 690 months (the next 57 years).
