What is the thebobcoin token?
You can use thebobcoin tokens to pay for all purchases on dasbob.de. This is our revolutionary new way of shopping.
How does shopping with the thebobcoin token work?
The system recognizes the receipt of payment and settles the trade with thebobcoin tokens available in your wallet.
Why is there a thebobcoin token?
Our vision is to make a token a fully-fledged means of payment in our online department store. dasbob will thus be the first full-range provider to offer payment with thebobcoin token. The ability to pay for all purchases on dasbob.de makes our online department store a self-contained ecosystem.
When can I start paying with the thebobcoin token?
You can pay with the thebobcoin token in the dasbob online shop when our full-range online shop launches.
How high will the exchange value of the thebobcoin token be?
The exchange value for a thebobcoin token will always be €1.00 after we go live.
What fees apply when paying with the thebobcoin token?
There are no additional costs for paying with credit from your wallet.
What does the term "token" mean?
"Tokens" are digitally represented units of value that are accepted as a medium of exchange for goods and services and can be transferred and stored electronically.
What is a thebobcoin wallet and how does it work?
The thebobcoin wallet is a digital wallet that you can use to manage and store your thebobcoin tokens. We use a wallet from the provider web3auth.io, which has all the necessary licenses in the so-called crypto custody business. It is basically a type of software that allows you to securely store your thebobcoin tokens, carry out transactions and keep track of your thebobcoin assets.
How does the thebobcoin token contribute to reducing Co² emissions?
The thebobcoin token is based on the foundation of the Proof of Stake mechanism. This advanced technology requires significantly less computing power and energy. No complex computing operations are required to validate transactions and add blocks. Also, with the thebobcoin token you are part of the dasbob family. Among other things, we have made it our mission to make your online shopping and local shopping experience more sustainable. In doing so, we lead by example with our own services. Through short transport routes and the use of climate-neutral transport vehicles, dasbob Logistik GmbH sets new standards in e-commerce and is the hallmark of our commitment to sustainability.
What is the blockchain?
The technology behind cryptocurrencies is called blockchain. The blockchain is a digital database that contains all transactions. This database is decentralized because it is stored on all computers in the network. The blockchain enables a trustworthy, secure and transparent way of data exchange.
If crypto sounds cryptic to you:
we have some more info from the dasbob Academy here.
The request goes not to a single server, but to a network of many computers.
This makes the network decentralized, because the blockchain resides on many computers.
The individual computers (nodes) verify the request.
If they all come to the same result, the request is confirmed
The finished block is added to the existing ones.
The transaction is confirmed.
The blocks reference each other and thus secure themselves.
Once something is written to the blockchain, it can no longer be changed or reversed.
