BOB Hybrid Blockchain Sets November 20 TGE for $BOB Tokenomics Reveal

BOB’s Token Generation Event includes an initial airdrop distributing 4.15% of total supply, combining rewards for prior participants and incentives for extended staking commitments.

Summary

BOB announced its Token Generation Event (TGE) for November 20 alongside details of an initial airdrop totaling 4.15% of the $BOB token supply. Of this, 2.15% will be allocated to eligible addresses from past activities, and 2% will be distributed as staking rewards for periods of 3, 6, or 18 months, with longer durations offering increased returns. The project’s total supply remains 10 billion ERC20 tokens on the BOB Hybrid Chain, with 50.91% allocated to the community and ecosystem, 20.09% to early supporters, and 19% to contributors, and 77.8% initially locked for up to 48 months.

Terms & Concepts
  • TGE (Token Generation Event): The official launch and distribution of a cryptocurrency token to the public or investors.
  • ERC20: A widely used Ethereum token standard that defines a common set of rules for fungible tokens on the blockchain.
  • Hybrid blockchain: A blockchain system combining features of both public and private networks to enhance security and scalability.