BOB announces the token economic model: total supply of 10 billion, 50.91% allocated for ecosystem and community incentives.

On November 20, Beijing time, the hybrid public chain project BOB (Build on Bitcoin) released an official blog to announce the $BOB Token economic model, and the token was issued (TGE) on November 20, Eastern Time.

BOB is the most representative project of the Bitcoin DeFi ecosystem and serves as the gateway to Bitcoin DeFi. It provides users with the simplest and safest way to earn yields with Bitcoin. BOB's unique hybrid public chain model integrates the security of Bitcoin with the innovation of Ethereum, making it the preferred platform for creating Bitcoin liquidity, applications, and institutional services.

Security

• Mixing zero-knowledge proofs and billions of dollars worth of staked Bitcoin provides security for all applications, assets, and transactions;

• Use native BTC on BOB through BitVM technology, without the need for wrapped tokens or custodians.

Convenient

• Bitcoin staking, Bitcoin DeFi, and Bitcoin vaults can be easily accessed with just one click through BOB Earn after completing a BTC transaction.

• Supports one-click native BTC deposits and withdrawals on 11+ mainstream chains, including Ethereum, Unichain, Base, and BNB Chain.

• Top-tier DeFi ecosystem, integrating the most well-known projects, including Uniswap, Solv, Chainlink, LayerZero, Anchorage, and Fireblocks.

$BOB Token details overview

Token allocation

The total supply of the token $BOB is 10 billion pieces, which will be minted on the BOB hybrid chain and presented in the form of an ERC20 Token.

Most of the $BOB Token (50.91%) is allocated to the BOB community and ecosystem, with the specific allocation rules as follows: divided into initial subscription (4.15%), community public sale (2.00%), and ongoing ecosystem and community incentive programs (44.76%).

$BOB Token allocation

Token unlocking and release rules

During the issuance of $BOB Token, the proportion of unlocked tokens in the initial circulating supply will be 22.20%. Approximately 510 million tokens (accounting for 5.1%) will enter the community through initial subscriptions and community public sales. In addition, about 1.46 billion tokens (accounting for 14.6%) will be allocated to the ecosystem and community, and 250 million tokens (accounting for 2.5%) will be allocated to the BOB Foundation, which will also be unlocked at the time of token issuance.

The tokens allocated to core contributors and early supporters will be locked at issuance and will be unlocked according to a pre-set release schedule of 2-3 years to ensure their long-term gains are aligned with the success of BOB. A total of 77.8% of the BOB token supply will be locked on the first day of issuance. The tokens allocated to the foundation and 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 tokens.

Locked tokens cannot be staked to ensure that staking rewards are distributed to the community and active BOB ecosystem participants, avoiding the concentration of rewards initially in the hands of individuals (team members and investors) who directly participate in the project.

$BOB Token release cycle

Ecosystem and Community (44.76%)

Approximately 44.76% of the $BOB Token is reserved for ecosystem and community development. About one-third (14.6% of the total supply) will be unlocked during the Token issuance at ( TGE ), and the remaining portion will be unlocked linearly over 48 months. This move aims to ensure that BOB DAO can utilize funds to support growth plans early while ensuring long-term planning. These resources will be managed by the BOB Foundation and BOB DAO through on-chain governance.

This portion of the funds will be used to support the development of the BOB ecosystem and community, including ongoing activities for the community, developers, and DeFi projects, as well as staking rewards. A small portion (5%) has been pre-allocated for early DeFi, liquidity, and ecosystem growth strategies. The remaining 39.76% will be jointly managed by the BOB Foundation and BOB DAO over the coming years.

Initial Claim and Staking Incentive (4.15%)

Approximately 4.15% of the $BOB Token is allocated to the BOB community through initial claims and staking incentives.

Of this, 2.15% will be allocated to BOB Fusion users, content creators, and event participants as an initial subscription reward. Strategic liquidity providers who provide significant support for liquidity pools, seed lending, and other DeFi activities on BOB will be excluded from the BOB Spice system to avoid dilution and will be required to adhere to a 12-month lock-up plan. Some event allocations will also be subject to pre-agreed lock-up plans.

The remaining 2.00% will be used for staking rewards, which can be immediately claimed after staking the Token and locking it for a certain period.

To receive the maximum initial reward, eligible recipients must stake tokens and lock them for 18 months to earn a 250% token reward. Staking with a shorter lock-up period will yield smaller rewards.

All $BOB Token holders (including airdrop recipients, public sale participants, and users who purchased on the open market) can receive this one-time lock-up and staking reward within 60 days after the TGE date, on a first-come, first-served basis, until the pre-allocated budget is exhausted.

Only fully unlocked tokens can be staked and locked. Therefore, tokens belonging to teams and investors that are subject to lock-up restrictions do not participate in this activity.

Token allocation aims to reward those who have made the greatest contributions to the launch and development of the BOB ecosystem. Detailed claiming and staking guidelines will be provided before the token issuance.

Community Public Sale (2%)

From November 10 to 16, the public sale event of the $BOB Token community successfully concluded, with a total of 2% of the $BOB Token sold, raising $4.2 million. Certified members of the BOB community (the users with the highest holdings of Spice in the BOB Fusion program and the top 2000 users in BOB Cookie Snaps) can choose to participate in this sale at a discounted price. Tokens purchased during the community public sale will unlock 50% at TGE, with the remaining 50% being unlocked linearly over 3 months.

Foundation (10.00%)

The BOB Foundation, as the guardian of the BOB ecosystem, has the mission of promoting the commercial interests of BOB and the well-being of its users, thereby developing and expanding the BOB ecosystem. To this end, 10% of $BOB has been allocated to the BOB Foundation to fund research and development as well as various initiatives aimed at expanding and improving BOB products, distribution, and technical design, of which 2.5% will be unlocked at TGE, while the remaining 7.5% will be unlocked linearly over 4 years.

Core Contributors (19.00%)

To build the future of the Bitcoin DeFi ecosystem, it is crucial to attract top talent in the industry and ensure alignment on long-term goals. To this end, 19% of the $BOB Token will be reserved for early and future contributors. These Tokens will be locked based on service contributions, with a lock-up period of 36 months and a 12-month cliff period in between.

Early supporters (20.09%)

Approximately 20.09% of $BOB Token is allocated to early supporters who provide important financial, consulting, and strategic support. Different supporter groups have slightly different terms:

• Strategic and seed round supporters (18.71%), with a 36-month linear unlock period, including a 12-month cliff period;

• Angel supporters (0.62%), with a 36-month linear unlocking period, calculated from the TGE.

• Some strategic partners (0.77%) have a 12-month lock-up period, followed by a 12-month linear unlocking.

Token utility

$BOB is the Token of the BOB hybrid chain ecosystem, which will be used to achieve the long-term goals of the BOB network. It will allow all users, builders, and other stakeholders to actively contribute to the network through staking and decentralized governance.

Staking secures economic safety

As part of the issuance of the $BOB Token, we are building economic security by introducing a staking mechanism for the $BOB Token. Users can stake the $BOB Token and delegate it to “hybrid nodes.” When the second phase of BOB goes live with the launch of the Bitcoin finality mechanism, these hybrid nodes will have two main functions:

Provide finality for BOB through Bitcoin staking. Users can become finality providers $BOB FP( by staking ) tokens, and FP can receive a higher share of transaction fees.

Operate BOB's native Bitcoin bridge BitVM. Users who stake $BOB Token can obtain BitVM operator qualification, and operators can receive a higher share of transaction fees.

Decentralized governance

We hope that through the $BOB Token, the community can play a crucial role in the decentralized process governed by BOB over time. Both staked and unstaked tokens can be used to participate in BOB governance.

The BOB governance is responsible for overseeing the upgrades of the core BOB components, including the underlying network, BitVM, Gateway, etc. Participants of the BOB DAO can also vote on treasury allocations. The BOB DAO will be operational from day one, composed of all BOB holders.

Participants can vote directly or delegate their voting rights to governance representatives, who will vote on their behalf.

Protocol utility

&BOB Token holders can gain priority access to new BOB features and benefits, such as when BOB Earn increases the number of connected vaults and DeFi strategies, or when BOB Gateway launches the Bitcoin instant exchange feature.

Future BOB issuance model and buyback plan

BOB aims to become the gateway to Bitcoin DeFi, attracting millions of users and bringing in billions of dollars in TVL and trading volume. As an independent DeFi platform and an important distribution channel for other large DeFi ecosystems, the BOB network has multiple sources of income:

Sequencer fees and premium MEV. BOB earns revenue through sequencer fees and “premium MEV” (such as DEX pool rebalancing and liquidations). Fees grow linearly with usage, while premium MEV from DEX pool rebalancing, liquidations, etc., grows exponentially. This can lead to significant revenue as trading volume increases.

BOB Gateway exchange fees. BOB Gateway is the first BTC intention protocol that supports exchanging native BTC for any asset on any chain. Higher exchange volumes directly increase revenue. Compared to slower and more expensive alternatives, BOB focuses on BTC's up/down channels and integration with major bridges, enabling rapid scaling and network expansion with minimal operating costs. BOB Gateway has partnered with LayerZero to support 11 chains, with plans to support more chains in the future.

Hybrid Vault. The upcoming BTC yield vault from BOB combines on-chain and off-chain strategies, and works in partnership with institutional partners to generate performance fees for the vault as TVL grows.

Native BTC lending and liquidation. BOB is developing a Bitcoin-native lending system that allows users to borrow stablecoins on the Bitcoin network while their Bitcoins are securely stored on the Bitcoin network. The system is supported by the BitVM vault and BOB's innovative liquidation engine, fully leveraging one of Bitcoin's most powerful use cases—collateral—enabling the protocol to generate substantial revenue from lending demand and liquidation.

As network activities expand and protocol revenues grow, BOB DAO may introduce a structured repurchase framework to strengthen long-term collaborative relationships among builders, contributors, and users, thereby better driving the development of the ecosystem. Such mechanisms will become a core pillar of BOB's value stream, directly linking network growth to those users who stake and maintain the system's security. It will create a sustainable virtuous cycle: the increase in the number of users will reinforce rewards, deepen engagement, and cultivate a resilient and cohesive community over time.

Disclaimer

This article is for reference only and does not constitute an offer, solicitation, or recommendation to sell, purchase, or otherwise participate in any transactions involving Tokens, securities, or other financial instruments. You should not consider the information provided here as legal, financial, investment, tax, or professional advice. This communication cannot replace consulting qualified professionals or conducting your own independent research.

Any statements regarding future events, predictions, or expected outcomes are hypothetical, forward-looking, and for illustrative purposes only. These statements are not made with any guarantees and may change at any time without notice, and actual results may differ significantly from those anticipated. BOB LABS INC. and/or “BOB Group” make no express or implied representations or warranties regarding the accuracy, completeness, reliability, or effectiveness of the information contained herein. All information is provided “as is” and may be revised, updated, or withdrawn at any time without notice.