[ANN] Bob's Repair [Token Sale Complete]

[DonPea]

The buyback program is actually on a first come first serve basis, am sure things would improve as  more contractors make use of Bobsrepair platform, although Friderick says they would eventually establish 2 buyback times in one day.

What is the buyback rate? i am currently confuse

They are buying back tokens based on ICO price? or market price?

The good side is that the buy-back price is placed at the ICO price which I find very considerate and modest at $0.14. Hope to see this regularize the market price too in the nearest future.

That's really a great news. This is a good start to create a buy inside hotbit and eventually increase the price closer to that level.

What is the max amount per transaction?

is this buy back procedure done through each investors directly or from the exchange? because if the process is done by first come first serve bases then i can only imagine the long que of people waiting for their transaction to be processed.
so what will happen to all the token in this buyback process will they be burnt?

The amount of BOB tokens purchased from the community will vary from day to day, depending on the amount of successful job calls that Bob’s Repair contractors complete that day. Tokens gotten from buyback is in turn used to reward contractors.

[DonPea]

The buyback program is actually on a first come first serve basis, am sure things would improve as  more contractors make use of Bobsrepair platform, although Friderick says they would eventually establish 2 buyback times in one day.

What is the buyback rate? i am currently confuse

They are buying back tokens based on ICO price? or market price?

The good side is that the buy-back price is placed at the ICO price which I find very considerate and modest at $0.14. Hope to see this regularize the market price too in the nearest future.

The buyback price of mozo token is 0.14$ But Are you sure the ICO price was 0.14$ ? No, its not the case. They are buying back at the market price which is good only in a sense that price will not fall below this point. But those who invested in ICO will still have to wait for the price to grow. Overall market of crypto is down and so is MOZO token. There will be good times ahead and i hope this buy back plan is just a beginning.

Ofcourse this is just the beginning, I am hoping this to actually help in correcting the BOB price across all exchanges that it is being listed so we can grow from there.

[enigmatical]

Be careful guys, I stumbled up yet another fake Bobsrepair twitter handle promising a 10k ETH giveaway, be informed this is scam. Stick to the official Twitter handle https://twitter.com/Bobsrepair

[Scholles]

To increase buyback, Bobsrepair is currently making plans to expand its operations to 100 cities in the United States. As more contractors partner with Bob’s Repair and more job calls are sent to them, the company will need more BOB tokens, increasing demand.

[khroma]

Also the Escrow service is expected to be live soon as the lending/staking pool smart contract is currently being worked on.

[DonPea]

It's good that now there will be a platform, that thanks to the blockchain technology could put an end to these problems. I think many people will benefit from such platform and the general quality and prices for the repair services will be much better in the end, because of this rating and reviewing system.

In the past, Bob’s Repair would keep the entire fee that contractors paid the company from each completed job. Now, the company takes ⅓ of the fee and uses it to buy BOB Tokens that are automatically awarded to contractors after the completion of a job. So buy-back program is a welcome idea in all ramifications

[DoanHung678]

i didn't receive any emails about buyback program, can you guys tell me how it works ?

[Scholles]

i didn't receive any emails about buyback program, can you guys tell me how it works ?

I suggest you should read this article, you can find a guide on how to proceed: https://medium.com/@BobsRepair/bobs-repair-buy-back-rewards-program-27ceb87da0a7

[khroma]

i didn't receive any emails about buyback program, can you guys tell me how it works ?

A sure bet would be to contact them on Bobsrepair telegram group where discussions are ongoing regarding buyback and the entire project. Join here: https://t.me/Bobtoken

[DonPea]

So Bobsrepair decided to use steem blockchain with 3 second block times no transaction fees and it also has a user base of 500,000 people. The whole steem community is super excited they're consistently writing about them.

[enigmatical]

Bobsrepair have alot in works in Las Vegas and are expanding. With more contractors, am sure the buyback amount will increase.

[Scholles]

Bobsrepair have serviced over 55,000 consumers to contractors and they figured out review fraud with advertising fees and lack of pricing transparency are the big problems.

[Chrmel612]

Update after 11 days: Already 12,202 Bobs token has been bought back from the buyback program. https://etherscan.io/address/0xfD13f08b3EE2a1E5Dc0Bc45009e3d8E7190E99A9

[pinoycash]

Update after 11 days: Already 12,202 Bobs token has been bought back from the buyback program. https://etherscan.io/address/0xfD13f08b3EE2a1E5Dc0Bc45009e3d8E7190E99A9

Only few and the same people are cashing in on this buy back program., i think its much better if they will buy back directly from exchange and breaking all those cheap sell walls.

Having this kind of set up will just benefit the few.

[jtalk]

If I am missing something regarding the status of buy back tokens would like to be informed. What will be with bought tokens via buy back program, is there plan for them to be burned or redistributed among other contractors ? I was not very active to follow this part of the update that's why any clarity will be helpful and appreciated.

[moto556]

Any chance you guys could up the max sell limit in the buy back? Paying a $2 gas fee for $14.72 doesn’t really make sense to me?

[khroma]

Any chance you guys could up the max sell limit in the buy back? Paying a $2 gas fee for $14.72 doesn’t really make sense to me?

I personally don't participate in the buyback program because of this right now, it doesn't make sense either but as more contractors get to complete works on the platform the higher the buyback limit is increased.

[DonPea]

If I am missing something regarding the status of buy back tokens would like to be informed. What will be with bought tokens via buy back program, is there plan for them to be burned or redistributed among other contractors ? I was not very active to follow this part of the update that's why any clarity will be helpful and appreciated.

Like I stated earlier, the tokens gotten from buyback is in turn used to reward contractors. The amount of BOB tokens purchased from the community will vary from day to day, depending on the amount of successful job calls that Bob’s Repair contractors complete that day.

[Chrmel612]

Update after 11 days: Already 12,202 Bobs token has been bought back from the buyback program. https://etherscan.io/address/0xfD13f08b3EE2a1E5Dc0Bc45009e3d8E7190E99A9

Only few and the same people are cashing in on this buy back program., i think its much better if they will buy back directly from exchange and breaking all those cheap sell walls.

Having this kind of set up will just benefit the few.

Yes it's true but it to be more transparent, they created the buyback via smart contract. Not sure though if they're going to transition on different ways to bought back BOBS tokens.

[pinoycash]

Update after 11 days: Already 12,202 Bobs token has been bought back from the buyback program. https://etherscan.io/address/0xfD13f08b3EE2a1E5Dc0Bc45009e3d8E7190E99A9

Only few and the same people are cashing in on this buy back program., i think its much better if they will buy back directly from exchange and breaking all those cheap sell walls.

Having this kind of set up will just benefit the few.

Yes it's true but it to be more transparent, they created the buyback via smart contract. Not sure though if they're going to transition on different ways to bought back BOBS tokens.

On the average they are buying back 800 Bobs tokens daily at 14 cents a piece. If they will use that ETH to buy back directly from exchange it will have a direct impact for everyone. Eliminating the huge cheap sell walls on exchange will benefit the price in the long run.