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✅ Have the rights been renounced?
According to materials published in June 2025, the BOB contract officially established ownership rights as non-controllable in March 2025, meaning that through the renounceOwnership() function, the owner's address was set to the zero address, which means that all functions with onlyOwner restrictions in the contract became invalid, and developers can no longer perform operations with the rights.
Moreover, several security results (e.g., GoPlusLabs) also indicate that this contract has no proxy upgrade capability and does not contain minting-related functions, further confirming its decentralized nature.
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🔍 Additional information:
Renouncing ownership: calling renounceOwnership() sets the owner's address to 0x0, permanently prohibiting further operations with ownership rights.
There is no proxy for contract modification: this means that unless the entire network or contract is rewritten, there are no opportunities for backdoors or changes in logic.
Although initially some people were concerned that a certain address held a lot of BOB, internal public documents clarified that it is a centralized wallet of the Binance Alpha platform, not an individual developer.
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🔚 Summary
Question Answer
Have BOB's rights been lost? Yes, in March the ownership rights of the contract were renounced through renounceOwnership()
Can the contract be modified again? No. There is no proxy, minting, or controller
Does an individual control a large portion of the tokens? Most belongs to a centralized wallet owned by the Binance Alpha platform
Can it be fully trusted? The contract is fully decentralized, eliminating the risks of developer manipulation
