**BOB Token: An Introduction**

The **BOB Token** (short for **Build on Bitcoin**) is a cryptocurrency designed to bridge the gap between Bitcoin and the world of decentralized finance (DeFi). It powers the **BOB ecosystem**, which aims to bring smart contract capabilities to Bitcoin through Layer 2 solutions or cross-chain integrations.

### Key Features of BOB Token:

* **Utility Token:** BOB is used within its ecosystem for transactions, paying fees, and accessing services like staking, bridging, and governance.

* **DeFi on Bitcoin:** It enables DeFi applications that are normally limited to Ethereum-like platforms, giving Bitcoin users access to lending, swapping, and yield farming.

* **Governance:** Holders of the BOB token may participate in decisions regarding protocol upgrades, ecosystem funding, or new feature rollouts.

* **Interoperability:** BOB supports cross-chain communication, making it easier to interact with other blockchains while leveraging Bitcoin’s security.

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