BOB announced the token economic model and announced that the TGE will take place at Eastern Time

The mixed public chain project BOB (Build on Bitcoin) announced on X that it will conduct its TGE at Eastern Time and publicly unveil the $BOB token economic model for the first time on its official blog. The total supply of tokens is 10 billion, which will be minted on the BOB mixed 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 public sale (2%), 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 products, distribution, and technical design; approximately 20.09% of the $BOB tokens are allocated to early supporters who provide significant financial, consulting, and strategic support; 19% of the $BOB tokens will be reserved for early and future core contributors to attract top talent in the industry to collaboratively build the future of Bitcoin DeFi ecosystem.

The tokens allocated to core contributors and early supporters will be locked at the time of 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. The 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 BOB token issuance.