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BOB has released the tokenomics model and announced that the TGE will take place on November 20th, Eastern Time.
BlockBeats News, November 20th, the hybrid public chain project BOB (Build on Bitcoin) announced on X that it will conduct a TGE on November 20th Eastern Time and publicly revealed the $BOB tokenomics for the first time on the official blog. The total token supply is 10 billion, to be minted on the BOB hybrid chain and presented in ERC20 token form, with the following allocation rules:
50.91% of $BOB tokens allocated to the BOB community and ecosystem: initial allocation (4.15%), community public sale (2.00%), and ongoing ecosystem and community incentive plan (44.76%);
10% of $BOB allocated to the BOB Foundation for funding research and initiatives aimed at expanding and improving BOB's products, distribution, and technical design;
Approximately 20.09% of $BOB tokens allocated to early supporters providing significant financial, advisory, and strategic support;
19% of $BOB tokens reserved for early and future core contributors to attract top talents in the industry to collectively build the future of the Bitcoin DeFi ecosystem.
Tokens allocated to core contributors and early supporters will be locked at TGE and unlocked according to a pre-set 2-3 year vesting schedule. A total of 77.8% of BOB token supply will be locked on the token issuance day. Tokens allocated to the foundation, ecosystem, and community will also be gradually unlocked over 48 months. All 10 billion tokens will be fully unlocked after 48 months of the BOB token issuance.
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