The BOB journey

The BOB mainnet launched in May 2024, introducing the hybrid chain model to the world. By fusing Bitcoin’s unmatched security with Ethereum’s versatility, BOB had created the premier destination for Bitcoin liquidity, apps and institutions.

Over the last 18 months, BOB has established itself as the primary Gateway to Bitcoin DeFi:

Along the way, $21M has been raised to grow the BOB ecosystem from some of the best funds and institutions in the space including Castle Island, Coinbase, Ledger Cathay, IOSG, RockawayX, viaBTC, Antalpha, UTXO, Bankless, angels from Aave, GMX, Anchorage & many more. 

‍

Key achievements

Invented the hybrid chain model - By combining ZK proofs on Ethereum with Bitcoin finality, BOB secures all transactions and provides native rollup bridges to both Bitcoin and Ethereum.

Launched 1-click BTCFi - BOB launched the first Bitcoin intents swaps system, making Bitcoin staking, Bitcoin DeFi and Bitcoin vaults all accessible with a single click and BTC transaction.

Leading development in native Bitcoin DeFi , powered by BitVM. BOB co-authored the award-winning BitVM2 paper on BTC rollups/bridges, founded the bitvm/acc institutional alliance and invented a new model for managing native Bitcoin lending liquidations.

Launched the multichain BTC gateway - Swap Bitcoin into any asset or deposit directly into DeFi across 11+ chains, powered by Bitcoin intents and LayerZero. BOB Gateway offers the best speeds and fees available to on/off-ram BTC to BNB, Base, Unichain, Sonic, Avalanche and more.

Delivered hybrid vault innovation - BOB's vault layer offers the best tokenized BTC yields packaged as 1-click strategies, secured by institutional curators and custodians.

‍

Introducing $BOB

$BOB is the native token of the BOB hybrid chain and is designed for security, governance, and utility. It will allow all users, builders, and other stakeholders to actively contribute to the network through staking and decentralized governance.

  • Security:
Stake and delegate $BOB to Hybrid Nodes to secure and support Bitcoin finality providers, BitVM bridge operators, block builders, and Gateway solvers on the BOB network. $BOB delegations function as a ranking mechanism, identifying the Hybrid Nodes with the most community trust and support.
  • Governance:
Vote directly or delegate your tokens to governance delegates to vote on your behalf and help direct where BOB heads in the future. Governance  will cover upgrades of core BOB components including the network, BitVM and BOB Gateway, as well as treasury spending.
  • Protocol Utility: $BOB token holders may receive priority access to new BOB features and discounts.

The BOB DAO will go live on day 1 of TGE, directed by the votes of $BOB token holders.

More details are available on the BOB Community Sale website 👉 gobob.xyz/sale

‍

The $BOB Community Sale

The BOB Community Sale is a key milestone on the journey to a community owned Bitcoin DeFi platform. Our goal is to create the right balance between Bitcoin holders, DeFi power users, educators and institutions who all play important roles in Bitcoin's ecosystem today. 

Through the BOB Community Sale, 4% of the token supply will be offered for sale across two tranches: (i) for the general public and (ii) for BOB community contributors and BOB Fusion participants / Spice holders. Both tranches offer discounted valuations to the last VC/institutional fundraising, and have more favorable vesting conditions than team and investors. 

  • General public tranche is sold at a valuation of $230M FDV, with 20% unlock at TGE and 12 months linear vesting (6.67% of the total allocation is unlocked each month). 
  • BOB Community Members tranche is sold at a valuation of $165M FDV with 12 months linear vesting (8.33% of the total allocation is unlocked each month). This tranche is accessible to top BOB Fusion Spice holders and top 2,000 BOB Cookie Snappers. If you qualify for this tranche you can also participate in the General Public tranche to increase your chances of an allocation. 

The $BOB community sale will take place from November 10th to 13th on the BOB website. This is the ONLY correct link. Check your eligibility for the Community Member rate and register for the sale now. 👉 gobob.xyz/sale

This first distribution of the $BOB token to existing and new community members marks another huge milestone in the journey of the Gateway to Bitcoin DeFi, and BOB’s mission to unlock real utility for the world’s most important asset, Bitcoin.

‍

‍

Summary of the community sale terms

Full details are available on the BOB Community Sale page. 

TLDR: 

  • Sale dates: November 10th 12:00 UTC - November 13th 17:00 UTC (77 hours)
  • Total token supply: 10,000,000,000 $BOB
  • Supply reserved for the sale: 400,000,000 tokens (4% of total supply)
  • Payment Method: USDC, USDT
  • Minimum bid: $50
  • Maximum bid: $250,000
  • Platform: BOB Labs is working with CoinList on the sale, using a white label version of their platform.
  • Allocation calculation: The number of $BOB tokens allocated will be calculated based on the ratio of a wallet’s bid to the total bids from all eligible participants.
  • Token distribution: $BOB will be distributed on the BOB network as an ERC20 token on the date of TGE.
  • Snapshot: The snapshot for eligibility to the Community Member tranche was completed at 13.30 UTC, November 4th 2025.
  • Excluded participants: Residents or citizens of the USA, UK, China (including Macau SAR), and the following jurisdictions are not eligible to participate: Afghanistan, Albania, Armenia, Belarus, Bosnia and Herzegovina, Cambodia, Central African Republic, Cuba, North Korea, Guinea, Haiti, Iran, Iraq, Lebanon, Mali, Myanmar, Nicaragua, Pakistan, Panama, Rwanda, Serbia, Russia, Sudan, Syria, Venezuela, Yemen, and Zimbabwe. The Ukrainian regions of Crimea, Donetsk, Luhansk, Kherson, and Zaporizhzhia are also excluded. BOB Labs Inc. and/or CoinList Community Services Ltd. may, at their sole discretion, restrict additional jurisdictions for regulatory or compliance reasons.

‍

Sale schedule 

Once the sale begins, users will be prompted to submit a purchase bid, with a limit set between $50 and $250,000. You cannot submit a purchase bid that is larger than the amount of USDC or USDT held on CoinList.

  • KYC Phase (6 - 10 November) - Users must pass the KYC verification steps on CoinList and ensure their CoinList Wallet is funded with at least the minimum purchase amount. While you can complete KYC and wallet funding later, we recommend doing this ahead of the start of the sale.
  • Contribution period (10 - 13 November) - Once the sale begins, users will be prompted to submit a purchase bid, with a limit set between $50 and $250,000.
  • Allocation calculation (13 - 18 November) - After the contribution period closes, allocations will be selected and users informed.
  • Settlement & Refunds (13 - 18 November) - Rejected bids and excess contributions will be refunded back to users in their CoinList Wallet.
  • Token distribution (starting on TGE) - $BOB will be distributed on the BOB network as an ERC20 token.

‍

$BOB Community Sale Partners

Gate will support the BOB Community Sale via their Web3 portal, offering the General Public tranche only. 

You can participate on both Gate and CoinList platforms, but this does not guarantee a larger allocation. 

‍

Frequently Asked Questions

Who are CoinList?

CoinList is a leading crypto platform that connects crypto builders at any stage in their journey with high-quality early adopters. Since 2017, CoinList has helped projects like Filecoin, Solana, Ondo, Near, WalletConnect, DoubleZero, and others launch their protocols and connect with hundreds of thousands of new token holders through more than $1.2 billion in token sales. 

‍

Do I need to KYC for the sale?

Yes. All sale participants must complete KYC to be eligible. 

‍

Am I required to link an external wallet?

Yes. Tokens purchased in the sale will be distributed to this wallet. Please link a non-custodial wallet. To participate in the BOB Community Member tranche you should link your wallet address registered with Cookie or BOB Fusion.

‍

Where will tokens be distributed? 

Tokens will be distributed on the BOB network to the external wallet linked within the CoinList sale flow. Please link a non-custodial wallet. 

‍

What is the unlock schedule?

If you are awarded an allocation in the General Public tranche, you will be able to claim 20% of your allocation at the BOB TGE. The remaining 80% will vest linearly over 12 months. 

If you successfully participate in the discounted BOB Community Member tranche, the full amount vests linearly over 12 months

‍

What happens if the community sale is over-subscribed?

If the total contributions exceed the available allocation (“over-subscription”), each participant’s allocation will be proportionally scaled down, and any excess contribution will be refunded. 

‍

Who do I contact for KYC or transaction issues?

For questions about CoinList, please use their dedicated ticket system. If you are still struggling, please reach out in the BOB Discord channel. 

‍

Is CoinList the only sale venue?

The BOB Community Sale can be accessed via both CoinList and Gate Web3. The discounted Community Member tranche is only available via CoinList.

‍

Where can I confirm official updates and links?

Only trust links available on the official sale page gobob.xyz/sale. 

‍