Bob’s Repair sends home repair job calls to contractors throughout the USA. These contractors currently pay Bob’s Repair for every successful job call that is sent to them. The BOB Buyback Program was started in order to reward workers for their efforts by awarding them BOB Tokens after every job that they complete.
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Sample Job Call:
For example, the last completed water heater installation generated $450 in profit for the contractor, with Bob’s Repair earning 15% of this fee, which is $67.50. One third of this 15% transaction fee, $22.5, is used to buy back BOB Tokens from the community at 14 cents per token which are then awarded to the contractor.
Please read our medium post.
https://medium.com/@BobsRepair/bobs-repair-buy-back-rewards-program-27ceb87da0a7
This is great news for the BOB community. More jobs means more bob tokens to be bought by the team and might increase the price later on. And it means, the team is really doing their job, real application for bob token. It's just a matter of time to have that buyback price in exchanges. Great to know this progress!