BOB is the most representative project in the Bitcoin DeFi ecosystem and serves as a gateway to Bitcoin DeFi.
On November 20, Beijing time, the hybrid public chain project BOB (Build on Bitcoin) released an official blog announcing the $BOB token economic model and issued the token (TGE) on November 20, Eastern Time.
BOB is the most representative project in the Bitcoin DeFi ecosystem and serves as a gateway to Bitcoin DeFi, providing users with the simplest and safest way to earn yields on Bitcoin. BOB's unique hybrid public chain model combines the security of Bitcoin with the innovation of Ethereum, making it the preferred platform for building Bitcoin liquidity, applications, and institutional services.
Security
• Hybrid zero-knowledge proofs and billions of dollars worth of staked Bitcoin provide security for all applications, assets, and transactions;
• Use native BTC on BOB through BitVM technology without the need for wrapped tokens or custodians.
Convenience
• Bitcoin staking, Bitcoin DeFi, and Bitcoin vaults can be easily accessed with just one click through BOB Earn and completing a BTC transaction;
• Supports one-click native BTC deposits and withdrawals across 11+ mainstream chains, including Ethereum, Unichain, Base, and BNB Chain;
• Top DeFi ecosystem integrating the most well-known projects, including Uniswap, Solv, Chainlink, LayerZero, Anchorage, and Fireblocks.
Overview of $BOB Token Details
Token Distribution
The total supply of $BOB tokens is 10 billion, which will be minted on the BOB hybrid chain and presented in the form of ERC20 tokens.
The majority of $BOB tokens (50.91%) are allocated to the BOB community and ecosystem, with the specific distribution 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 Distribution
Token Unlocking and Release Rules
At the time of $BOB token issuance, 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. Additionally, 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.
Tokens allocated to core contributors and early supporters will be locked at issuance and will be unlocked according to a pre-set release plan of 2-3 years to ensure their long-term benefits align with the success of BOB. A total of 77.8% of the BOB token supply will be locked on the first day of 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 the BOB token.
Locked tokens cannot be staked to ensure that staking rewards are distributed to the community and active BOB ecosystem participants, avoiding rewards being concentrated initially in the hands of individuals directly involved in the project (team members and investors).
$BOB Token Release Cycle
Ecosystem and Community (44.76%)
Approximately 44.76% of the $BOB tokens are reserved for ecosystem and community development. About one-third (accounting for 14.6% of the total supply) will be unlocked at the time of token issuance (TGE), and the remaining portion will be linearly unlocked over 48 months. This aims to ensure that the BOB DAO can utilize funds early to support growth plans while ensuring long-term planning. These resources will be managed by the BOB Foundation and BOB DAO through on-chain governance.
This portion of funds will be used to support the development of the BOB ecosystem and community, including ongoing community, developer, and DeFi project initiatives, 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 Incentives (4.15%)
Approximately 4.15% of the $BOB tokens are 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 initial subscription rewards. Some 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 must comply with a 12-month lock-up plan. Some activity allocations will also need to comply with pre-agreed lock-up plans.
The remaining 2.00% will be used for staking rewards, which can be claimed immediately after staking tokens and locking them for a certain period.
To receive the highest initial rewards, eligible claimants need to stake tokens and lock them for 18 months to receive a 250% token reward. Shorter lock-up periods will yield smaller rewards.
All $BOB token holders (including airdrop recipients, public sale participants, and users who purchase 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 subject to lock-up restrictions for teams and investors do not participate in this activity.
The token distribution aims to reward those who contribute the most 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 $BOB token community public sale successfully concluded, selling 2% of the $BOB tokens and raising $4.2 million. Certified members of the BOB community (users with the highest holdings in the BOB Fusion program and the top 2000 users in BOB Cookie Snaps) could choose to participate in this sale at a discounted price. Tokens purchased in the community public sale will unlock 50% at TGE, with the remaining 50% linearly unlocking over 3 months.
Foundation (10.00%)
The BOB Foundation, as the guardian of the BOB ecosystem, aims to promote the commercial interests of BOB and the well-being of its users, thereby developing and strengthening the BOB ecosystem. To this end, 10% of $BOB has been allocated to the BOB Foundation to fund research and development and initiatives aimed at expanding and improving BOB products, distribution, and technical design, of which 2.5% will unlock at TGE, while the remaining 7.5% will linearly unlock over 4 years.
Core Contributors (19.00%)
To build the future of the Bitcoin DeFi ecosystem, attracting top talent in the industry and ensuring long-term goals are aligned is crucial. To this end, 19% of the $BOB tokens 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.
Early Supporters (20.09%)
Approximately 20.09% of the $BOB tokens are allocated to early supporters who provide significant financial, consulting, and strategic support. Different groups of supporters have slightly different terms:
• Strategic and seed round supporters (18.71%) have a 36-month linear unlock period, including a 12-month cliff;
• Angel supporters (0.62%) have a 36-month linear unlock period starting from TGE;
• Some strategic partners (0.77%) have a 12-month lock-up period, followed by a 12-month linear unlock.
Token Utility
$BOB is the token of the BOB hybrid chain ecosystem and 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 Guarantees Economic Security
As part of the $BOB token issuance, we are building economic security by introducing a $BOB token staking mechanism. Users can stake $BOB tokens and delegate them to "hybrid nodes." When BOB Phase Two officially launches with the Bitcoin finality mechanism, these hybrid nodes will have two main functions:
Provide finality for BOB through Bitcoin staking. Users who stake $BOB tokens can become finality providers (FP), who can earn a higher share of transaction fees.
Operate BOB's native Bitcoin bridge, BitVM. Users who stake $BOB tokens can qualify as BitVM operators, who can earn a higher share of transaction fees.
Decentralized Governance
We hope that through the $BOB token, the community can play a crucial role over time in the decentralized governance process of BOB. Both staked and non-staked tokens can be used to participate in BOB governance.
BOB governance is responsible for overseeing upgrades to core BOB components, including the underlying network, BitVM, Gateway, etc. Participants in 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 will have 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 Bitcoin instant exchange features.
Future $BOB Fee Model and Buyback Plan
BOB aims to become the gateway to Bitcoin DeFi, attracting millions of users and bringing 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 revenue:
Sequencer fees and premium MEV. BOB generates 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. As trading volume increases, this can lead to significant revenue.
BOB Gateway exchange fees. BOB Gateway is the first BTC intent protocol that supports exchanging native BTC for any asset on any chain. Higher exchange volumes directly increase revenue. Compared to slower and more costly alternatives, BOB focuses on BTC's up/down channels and integration with major bridges, enabling rapid scaling and network expansion with minimal operational costs. BOB Gateway has partnered with LayerZero to support 11 chains, with plans to support more in the future.
Hybrid vaults. BOB's upcoming BTC yield vault combines on-chain and off-chain strategies and collaborates with institutional partners to generate performance fees for the vault as TVL grows.
Native BTC lending and liquidation. BOB is developing a native Bitcoin lending system that allows users to borrow stablecoins on the Bitcoin network while securely storing their Bitcoin on the Bitcoin network. This system is supported by the BitVM vault and BOB's innovative liquidation engine, leveraging one of Bitcoin's most powerful use cases—collateral—allowing the protocol to earn substantial revenue from lending demand and liquidations.
As network activity expands and protocol revenues grow, the BOB DAO may introduce a structured buyback framework to strengthen long-term partnerships with 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 with users who stake and maintain system security. It will create a sustainable virtuous cycle: an increase in the number of users will reinforce rewards, deepen engagement, and cultivate a resilient and cohesive community over time.
Disclaimer
This document is for informational purposes only and does not constitute an offer, solicitation, or recommendation to sell, purchase, or otherwise engage in any transaction 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 guaranteed and may change at any time without notice, and actual results may differ significantly from expectations. BOB LABS INC. and/or the "BOB Group" make no express or implied representations or warranties regarding the accuracy, completeness, reliability, or validity of the information contained in this document. All information is provided "as is" and may be revised, updated, or withdrawn at any time without notice.
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