COINOTAG News reports that the hybrid public chain project BOB (Build on Bitcoin) unveiled its TGE date and, for the first time, its tokenomics on the official blog. The event is set for November 20, Eastern Time, with an ERC20 representation minted on the BOB chain.
The total supply is 10 billion BOB tokens. Allocation emphasizes the BOB ecosystem and community at 50.91%, including initial allocation (4.15%), public sale (2.00%), and ongoing incentives (44.76%). The BOB Foundation holds 10%, while early supporters receive ~20.09%, and core contributors reserve 19% to attract talent.
All governance and distribution terms include a multi-year vesting plan: core contributors and early supporters are locked at TGE with a 2-3 year schedule; about 77.8% of the supply is locked on issuance day. Foundation, ecosystem, and community unlocks occur gradually over 48 months, with full vesting after 48 months.
Source: https://en.coinotag.com/breakingnews/bob-tokenomics-revealed-10-billion-supply-48-month-vesting-and-community-centric-allocation-on-the-bitcoin-backed-hybrid-chain
