Question 1

What is BOB (BOB)?

Accepted Answer

**BOB (Build on Bitcoin)** is the native token of the **BOB Hybrid Layer-2 blockchain**, a network that combines Bitcoin security with an Ethereum-style, EVM-compatible smart-contract environment. The BOB chain anchors finality to Bitcoin while using rollup technology and bridges to connect to Ethereum and other smart-contract networks.

The project aims to act as a **“Gateway to Bitcoin DeFi”**, allowing users to bring BTC into DeFi while reducing reliance on fully custodial or highly trusted third-party bridges. It offers a BTC gateway, intent-based 1-click swaps into DeFi across multiple chains and BTC-denominated vault products.

Question 2

What is BOB (BOB) token used for?

Accepted Answer

BOB is designed around three main roles: **security**, **governance** and **protocol utility**.

**1. Network security and staking**

BOB can be staked or delegated to **Hybrid Nodes** that operate key roles in the network:

- Bitcoin finality providers  
- BitVM bridge operators  
- Block builders  
- Gateway solvers for BTC intents and the multichain gateway

Delegations in BOB act as a weighting mechanism to signal which nodes the community supports, linking economic stake to network operation.

In this way, BOB functions as a security and incentive token for the hybrid Layer-2 design rather than only a governance or fee token.

**2. Governance**

- BOB token holders can vote directly or delegate their voting power to governance delegates  
- Governance covers upgrades to core protocol components (the BOB chain, BitVM bridges and the BOB Gateway), treasury spending and other parameter changes  
- A **BOB DAO** is planned to be active from the Token Generation Event (TGE), with decisions driven by BOB token votes

This makes BOB the main asset for on-chain decision making across the BOB ecosystem.

**3. Protocol utility**

BOB also has protocol-level utility, which may include:

- Priority or enhanced access to new BOB features  
- Possible discounts or benefits within the BTC gateway, vaults or DeFi integrations  
- Use in ecosystem incentives such as staking programmes or rewards, alongside BTC and other assets

While BTC is central for user-facing products (BTC vaults, BTC intents), BOB is used to coordinate, govern and incentivise the BOB network itself.

Question 3

Who created BOB (BOB)?

Accepted Answer

BOB is developed by the **BOB team** (often referred to as **BOB Labs** or **bob-collective**). Two key technical founders are widely associated with the project:

- **Alexei Zamyatin** – co-founder and CEO of BOB (Build on Bitcoin) and co-author of the “BOB: The Hybrid L2” vision paper.  
- **Dominik Harz** – co-founder and CTO of BOB and co-author of the hybrid L2 and BitVM-related research that underpins the design.

The Hybrid L2 vision paper lists Zamyatin and Harz as authors, which supports their role in defining the core architecture of the BOB chain and its Bitcoin-anchored rollup model.

The broader BOB team includes contributors across protocol engineering, research and business development, with backing from a range of venture and strategic investors, according to public fundraising disclosures.

#	Instrument	Exchange	Benchmark Score	Price	24h Change	24h Volume	24h Trades	24h Open	24h High
1	BOBL2-USDT BOB_USDT	gateio	A	0.004794USDT	-0.75%	10,912,255.00BOBL2	6,289	0.004830USDT	0.004941USDT
2	BOBL2-USD BOBBOB-USD	coinbase	AA	0.004800USD	-0.83%	5,988,819.00BOBL2	703	0.004840USD	0.004980USD
3	BOBL2-USD BOBUSD	kraken	AA	0.004800USD	-0.83%	678,015.47BOBL2	51	0.004840USD	0.004970USD
4	BOBL2-EUR BOBEUR	kraken	AA	0.004330EUR	0.70%	140,092.31BOBL2	7	0.004300EUR	0.004390EUR
5	BOBL2-USDT BOBUSDT	toobit	C	0.004803USDT	-0.60%	23,990,757.12BOBL2	10,273	0.004832USDT	0.004912USDT
6	BOBL2-USDT BOB_USDT	bitunix	C	0.004799USDT	-0.50%	12,658,828.00BOBL2	7,325	0.004823USDT	0.004932USDT
7	BOBL2-USDT BOBUSDT	mexc	C	0.004808USDT	-0.46%	12,284,294.09BOBL2	7,923	0.004830USDT	0.004960USDT
8	BOBL2-USDT GOBOB-USDT	bingx	D	0.004805USDT	-0.44%	10,529,887.01BOBL2	1,952	0.004826USDT	0.004897USDT
9	BOBL2-KRW BOB_KRW	bithumbkorea	-	6.42KRW	-0.36%	8,503,876.53BOBL2	586	6.44KRW	6.46KRW
10	BOBL2-USDT bob_usdt	xtpub	-	0.004807USDT	-0.48%	2,718,364.00BOBL2	3,355	0.004830USDT	0.004929USDT
11	BOBL2-EUR BOB-EUR	bitvavo	B	0.004287EUR	0.44%	577,570.94BOBL2	117	0.004268EUR	0.004381EUR