Build on Bitcoin logo

Build on Bitcoin (BoB) (N/A)

Active Retrodrop 🔥
Total Raise: $10,000,000
Date: 27 Mar - 31 Aug 2024

Build on Bitcoin is a fully EVM-compatible hybrid L2 network powered by Bitcoin merged mining mechanism. It enables EVM developers to build new decentralized applications or integrate the network into existing ones with minimum changes in the codebase while offering a native level of security of the Bitcoin L1 chain. 

Since its inception in 2019, the company has managed to raise over $10M from Coinbase Ventures, IOSG Ventures, Alliance DAO, and others. 

❗️ ❗️ ❗ IMPORTANT:

Please note that all information, including our ratings and reviews, is presented purely for educational purposes. CoinLaunch isn't a financial advisor and doesn't intend for the information to be perceived as investment advice or recommendations. Our project evaluation methodology encompasses 89+ distinct variables/metrics, refined over time through the team's rich 7-year experience.

Build on Bitcoin (BoB) Overview

Ticker: N/A
Country: United Kingdom
Founded: 2019
Whitelist: No
Blockchain Network: Bitcoin
KYC: No
Bounty: Yes
MVP: Yes
Type: Equity
Security Audit: No

Build on Bitcoin (BoB) Review

🤔 What is Build on Bitcoin?

Build on Bitcoin, aka BoB, is the first EVM-compatible hybrid Layer-2 network powered by Ethereum and Bitcoin chain networks. It allows developers and users to enjoy all the benefits of Ethereum chain capabilities combined with Bitcoin’s PoW-level security. 

Generally, the Build on Bitcoin (BOB) network is driven by the concept of the merged mining, leveraging the mining efforts of Bitcoin L1 validators and the power of its own network. At the same time, built on Op stack, the BoB (enables developers to seamlessly integrate the chain into the various EVM dApps with a minimum changes in a code structure. It also allows developers to build their own applications on its chain, including:

  • Account abstraction for BTC wallets;
  • Advanced BTC NFTs;
  • Bridges to the Bitcoin network and from it to other ecosystems;
  • Ordinals exchange;
  • AI & Bitcoin integrations;
  • BTC-powered DeFi, SocialFi and GameFi applications;
  • BTC-backed stablecoins;
  • Tokenized mining & hashrate markets;
  • BTC for DA & checkpoints for L2 chains.

Read more about the BoB Bitcoin layer 2 in its documentation

🪙 Build on Bitcoin token: Since Build on Bitcoin crypto network is powered by the PoW mechanism of Bitcoin L1, it is unlikely that the native BoB crypto token will power the security layer of the platform. However, it is quite possible that the Build on Bitcoin token may be actively used as a secondary currency for paying fees to the network and powering BoB's DAO layer.

The project has already finished the first season of its "BoB Fusion" contest program and even launched the second season of the contest on May 1st, 2024. This indicates that the release of the native platform's token might occur in the near future.

Considering this possibility, the CoinLaunch team decided to conduct research on the BoB L2 and provide you with some of the major pros and cons we found in the project:

 

✅ Build on Bitcoin pros: 

  • The Bitcoin L2 industry starts receiving some significant attention from the crypto community;
  • Great PR and Growth Marketing performance;
  • Above the average SEO performance score;
  • Coinbase Ventures and some other tier 2 funds invested into the project over $10M;
  • Presence of the top tier partners supporting the project.

❌ Build on Bitcoin cons: 

  • There is no publicly available security audit of the platform by top-tier companies. However, the project claims that Trail of Bits is one of its partners;
  • No information about the network’s token utility and economy;
  • Weak marketing infrastructure;
  • Below the average SMM and Influencer Marketing score;
  • Most members of the project’s team don't have any work experience in top tier crypto companies.

Build on Bitcoin (BoB) Token Economy

Total Raise: $10,000,000
Total Supply:
Private/Pre-sale: (0%)
Public Sale: (0%)
Fully Diluted Valuation (FDV):
Initial Circulation Supply: (0% of FDV)

Build on Bitcoin (BoB) Token Sale (ICO & IDO) Rounds

Seed: Jun 2024 Past

Price: N/A
Tokens for sale: N/A
Raise: $10,000,000
Lock-Up: N/A
Retrodrop is active now! 🔥🔥🔥 Read More

Build on Bitcoin (BoB) Funds and Backers
(3/21)

Submit
Coinbase Ventures logo
Coinbase Ventures
Score: Very High
17 numbers of
investment
Read More
9 numbers of
investment
Read More
IOSG Logo
IOSG Ventures
Score: High
7 numbers of
investment
Read More
View All

Build on Bitcoin (BoB) Marketing Activity

Search Engine Optimization
Social Media & Community Management
PR & Traffic
Marketing Infrastructure
Influencer Marketing
Growth Marketing
Last Update:  20 Jun 2024 Upgrade

Build on Bitcoin (BoB) Team

Alexei Zamyatin
Alexei Zamyatin
Co-Founder & CEO
Dominik Harz
Dominik Harz
Co-Founder & CTO
Caroline Mascarin
Caroline Mascarin
Director of operations

Build on Bitcoin (BoB) News

Build on Bitcoin (BoB) Roadmap

Phase 1

Bootstrapping BOB: Optimistic ETH 
Roll-up

Phase 2

ETH Rollup with Bitcoin PoW Security

Phase 3

Optimistic Bitcoin Rollup via BitVM

Phase 4

ZK-Rollups if Bitcoin ever adds the necessary opcode

Build on Bitcoin (BoB) Airdrop & Retrodrop & Bounty

Fusion Season 2
Build on Bitcoin logo
funds
Start Date:
01 May 2024
End Date:
31 Aug 2024
Difficulty:
Medium
Winners:
N/A
Rewards:
N/A

Description

Build on Bitcoin (BOB) is the first EVM-compatible L2 Bitcoin network, focused on delivering users and developers the same usage experience as on EVM chain networks, but with a merged mining mechanism linked to Bitcoin's PoW mechanism.

Although the project hasn't confirmed the release of its token and airdrop, Build on Bitcoin runs an active Fusion campaign, allowing users to earn points for engaging with dApps, contributing liquidity to the network, and participating in web3 quests. Our team assumes this will be the main criteria for qualifying users for the Build on Bitcoin (BOB) airdrop.

Hence, our team has decided to provide you with a guide on how to join the BOB Fusion campaign.

Read More

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