BOB announced its Token economic model and stated that the TGE will take place on November 20th, Eastern Time.

PANews, November 20th news, the hybrid public chain project BOB (Build on Bitcoin) announced on X that it will conduct its TGE at 11:00 AM EST on November 20th, and for the first time publicly disclose the $BOB Token economic model on its official blog. The total supply of tokens will be 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 $BOB Token is allocated to the BOB community and ecosystem: initial subscription (4.15%), community public 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 initiatives aimed at expanding and improving BOB products, distribution, and technical design. About 20.09% of $BOB Token is allocated to early supporters who provide important financial, consulting, and strategic support; 19% of the $BOB Token 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.

The tokens allocated to core contributors and early supporters will be locked at the TGE and will be unlocked according to a pre-set release schedule of 2-3 years. 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 and the ecosystem and community will also be gradually unlocked over 48 months. All 10 billion tokens will be fully unlocked 48 months after the issuance of BOB Token.