Crypto News

How Crypto is Contributing to Environmental sustainability in Africa

Coming out of the COVID pandemic, sub-Saharan Africa is defying the odds with an explosive level of economic growth that has been unseen for decades. With more people moving about and more goods needing transportation, this growth is putting unprecedented strain on Africa’s logistics. As a result, parcel delivery and taxi driving entrepreneurship have become quite popular, their drivers being able to earn an above-average income. While this is fantastic for the economy, the local environment is suffering. Most logistics entrepreneurs rely on old and cheap imported motorcycles with inefficient single-stroke engines. These engines are not equipped with modern emission-saving technologies, making them especially polluting and costly to fuel. Bob Eco, a crypto-funded renewable energy and electric vehicle company, is trying to make a difference in Africa with its electric motorcycles. Specially designed for the challenges that drivers in developing countries face, these motorcycles are made with practicality in mind. And, featuring slick modern designs and bright orange paint, they are as stylish as they are useful. A single flat fee covers an all-inclusive package for drivers – high-tech safety gear, road safety training, vehicle insurance, and family life insurance all come with a motorcycle lease. Drivers also gain free and unlimited access to Bob Eco’s vast network of battery swapping stations, where drivers can quickly and easily swap their batteries for freshly recharged ones. Thanks to this amazing benefit, Bob Eco drivers skip on refueling costs and nearly quadruple their take-home income on average. As an easy choice for drivers, Bob Eco’s all-inclusive package has been a slam-dunk win since their first bike hit the road in 2020. To keep up with demand, founder Bob Ultee has been hard at work forming partnerships and finding ways to finance new facilities. Most excitingly, Bob Eco has struck a production deal with legendary motorcycle manufacturer Jincheng Suzuki. Jincheng Suzuki is currently producing over 300,000 units per annum for Bob Eco, and has been involved in the designs of Bob Eco’s most popular bikes, the Model E-AX100 and Model-X: The Bob Eco Model E-AX100 Together, Bob Eco and Jincheng Suzuki reinvented the legendary 1984 Suzuki AX100, transforming this classic into a smart electric model that is specially designed for taxi and parcel delivery services in developing countries. Though it is extremely affordable, the E-AX100 is virtually indestructible and reliable on tough terrain. Resembling a dirt bike, it is easy to ride where roads may be sparse or completely off-road travel is required. And, if it were ever to need maintenance, replacement parts for the E-AX100 can be found anywhere. The Bob Eco Model-X As an ultimate strategic motorcycle developed by Bob Eco and Jincheng Suzuki for emerging markets, the Model-X is a next-generation street model created with local land surveys in mind, incorporating design aspects that take into account the real-world traffic environments that drivers face on a day-to-day basis. With an extended flat seat, a second pair of board-style footrests, a high-capacity rear carrier, and suspension capable of handling heavy loads, the Model-X is the perfect e-bike for transporting parcels or tandem riders. Though it is designed for utility, this e-bike is also a fun ride – at the heart of the Model-X is Bob Eco’s proven powertrain, which delivers a thrilling riding experience. How Crypto Is Making Africa Greener To finance its expansion throughout Africa, Bob Eco has begun the sale of BobCoin, a cryptocurrency token that is linked to all of Bob Eco’s assets: from its growing fleet of bikes to the thousands of entrepreneurships that have joined under its wings. Mirroring Bob Eco’s success in Africa, BobCoin is making big moves to the upside. Come April of 2022, BobCoin will be publicly available on primary market exchanges. Soon after, BobCoin utility tokens will be accepted for Bob Eco’s lease-to-own products.

Crypto News

How Orange Bikes are Changing Africa

After a steep contraction resulting from the COVID-19 pandemic, sub-Saharan economies are expanding, leading to a boom in the logistics sector as the need for transportation rises. However, more than half of active vehicles in the region are inefficient 2-stroke petrol-powered motorcycles, primarily used in taxi and delivery services that drive hundreds of kilometers per day. The fuel they burn is costly for drivers and produces large quantities of toxic CO2 and fine particulate emissions. Recognizing the need for cheaper and more efficient transportation solutions, Bob Eco Ltd., a rapidly-growing electric vehicle and clean energy company, entered the African markets with a line of orange-clad electric two and three-wheelers designed for the needs of taxi and delivery drivers. Since the first one hit the road in October of 2020, Bob Eco’s bikes create a total of 2.6 jobs per bike and save 5 tons of CO2 emissions from being released into the atmosphere every year. Able to save on fuel costs, drivers who switch to one of Bob Eco’s vehicles nearly quadruple their take-home pay on average – enabling them to support their families and equip their homes with basic necessities like running water. Further, Bob Eco provides its bikes on a lease-to-own basis, giving drivers the chance to accumulate wealth once they pay off their rides. Being the clear choice for both drivers and the environment, Bob Eco has attracted the attention of African governments, leading to several state-level partnerships, including an order for 232,000 vehicles from the Senegalese government. Bob Eco signed a 200-million-dollar production deal with manufacturing juggernaut Jincheng Suzuki for annual volumes reaching 200,000 units to keep up with demand. Bob Eco has also recently opened a manufacturing facility focused on producing tricycles and Tuk Tuks, popularly used for comfortably transporting voluminous goods and larger groups of people. This facility has an annual production capacity of 1,500,000. The electric vehicles produced by this facility alone can save over 1,500,000 tons of CO2 emissions by 2024. Using the UN Environment eMob calculator, scenario calculations show that 11 billion tons of emissions could be saved by 2050 with a global shift to 90% battery-electric motorcycles. Given the rapid growth of two and three-wheelers in Africa, Bob Eco is focused on areas where it can make the most significant impact. However, Bob Eco is not fighting only for the environment. Bob Eco also runs several social programs in Africa serving people in need. These programs include feeding hungry children nutritious meals via planting fruit trees and rearing animals, building new water sources for local communities, providing schools with scholarships and resources, and providing shelter solutions for those without any. To do good in more places, Bob Eco launched its BobCoin (BOBC) STO on the primary market in March of 2021. As Bob Eco sold 24% of all Bobcoins for tens of millions of dollars to investors in over 40 countries, the STO can be considered a massive success. Bob Eco’s drift to expand has led Bob Ultee (CEO of Bob Eco) to announce that Bob Eco is “going public” in March with an ICO-WA. Bob Eco will sell BOBC on the primary market in this second round of funding, which is already accessible to retail investors via presale on the reputable www.Knaken.eu crypto platform. The expected listing valuation is $1.45 billion to $1.5 billion.