Gate News Bot message, on November 21, according to CoinMarketCap data, as of the time of writing, BOB (BOB (Build on Bitcoin)) is currently priced at $0.02, with a fall of 23.51% in the last 24 hours, a high of $0.03, and a low of $0.01. The current market capitalization is approximately $437,000, a decrease of about $13,421,800 compared to yesterday.
Important news about BOB recently:
1️⃣ Token Generation Event (TGE) Completed
BOB conducted its Token Generation Event (TGE) on November 20, officially issuing its native token. The initial airdrop accounts for 4.15% of the total supply, with 2.15% allocated to eligible addresses that participated in the BOB ecosystem and other activities, and an additional 2% as a lock-up reward, which requires staking BOB tokens for 3 months, 6 months, or 18 months.
2️⃣ Gate launches BOB spot trading
Gate will launch the BOB/USDT trading pair on November 20 at 20:30 (UTC+8), providing an important liquidity channel for BOB. This marks BOB's official entry into the mainstream cryptocurrency trading market, helping to increase its market exposure and trading activity.
3️⃣ Token Economic Model Announcement
BOB has announced its token economic model, with a total supply of 10 billion tokens. Of this, 50.91% is allocated to the community and ecosystem, 10% to the BOB Foundation, 20.09% to early supporters, and 19% reserved for core contributors. This allocation method aims to balance ecological development, team incentives, and investor interests.
The BOB project is committed to building a Bitcoin DeFi ecosystem, using hybrid chain technology, combining ZK zero-knowledge proofs and BTC staking. However, in the short term, the BOB price has experienced a significant fall, which may be related to profit-taking after its initial listing, fluctuations in market sentiment, and other factors. Investors need to closely monitor the project's subsequent developments and market dynamics.
This message does not constitute investment advice; investors should be aware of market volatility risks.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
VanEck Research Director: BTC derivative protective demand hits the 99th percentile historically, signaling a potential contrarian long setup
VanEck Research head Matthew Sigel said that demand for hedging in the Bitcoin derivatives market has reached the 99th percentile in history, suggesting that it may be suitable to establish long positions. At the same time, he warned that high capital expenditures in the artificial intelligence sector could put pressure on the market, especially in the S&P 500.
GateNews6m ago
Bitcoin’s ‘no direction’ action may lead to heavier breakout: Analyst
Bitcoin's prolonged consolidation below $70,000 may indicate a potential rally, despite mixed analyst sentiment. While some predict a breakout, others warn of deeper bearish trends. Current trading is stagnant, with Bitcoin at $66,890.
Cointelegraph1h ago
Bitdeer mined 149.7 BTC this week and sold it all; it currently maintains a zero position.
Gate News message, April 4, Nasdaq-listed miner Bitdeer disclosed its latest Bitcoin holdings data. As of the week ending April 3, its mining output was 149.7 BTC, all of which has been sold, and it is currently maintaining a zero Bitcoin position.
GateNews1h ago
Bitcoin ETFs will surpass Gold ETFs in scale, according to James Seyffart
James Seyffart predicts that Bitcoin spot ETFs may surpass gold ETFs in assets under management as investor demand evolves. Bitcoin is seen as a versatile investment option, while gold remains traditional. Despite recent declines, both asset classes have seen significant fund flow activity.
TapChiBitcoin3h ago
Bitcoin ETFs 'will be larger' than gold ETFs: Analyst
Spot Bitcoin exchange-traded funds (ETFs) could surpass gold ETFs in total assets under management (AUM) as investor demand expands beyond the traditional “digital gold” narrative, according to ETF analyst James Seyffart.
“There are just more use cases of why somebody would put a Bitcoin ETF in a p
Cointelegraph4h ago
