BOB unveiled its token economic model and announced that TGE will take place on November 20th (Eastern Time).

PANews reported on November 20th that 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 economic model of the $BOB token for the first time on its official blog. The total supply of tokens is 10 billion, which will be minted on the BOB hybrid chain and presented in the form of ERC20 tokens. The distribution rules are as follows:

• 50.91% of the $BOB tokens are allocated to the BOB community and ecosystem: initial subscription (4.15%), community sale (2.00%), and ongoing ecosystem and community incentive programs (44.76%).
• 10% of $BOB has been allocated to the BOB Foundation to fund research and development as well as initiatives aimed at expanding and improving BOB's products, distribution, and technology design.
• Approximately 20.09% of the $BOB tokens were allocated to early backers who provided significant financial, advisory, and strategic support.
• 19% of the $BOB tokens will be reserved for early and future core contributors, attracting top talent in the industry to jointly build the future of the Bitcoin DeFi ecosystem.

Tokens allocated to core contributors and early backers will be locked at TGE and unlocked according to a pre-set 2-3 year release plan. A total of 77.8% of the BOB token supply will be locked on the first day of token issuance. Tokens allocated to the Foundation, ecosystem, and community will also be gradually unlocked over 48 months. All 10 billion tokens will be unlocked 48 months after the BOB token issuance.