Attention across the Internet Computer community is beginning to shift toward BOB’s next scheduled halving on 10 February 2026, a milestone that will again reduce block rewards and tighten the pace of new issuance.
According to the current halving schedule, rewards are expected to fall from 18.75 BOB per block to 9.375, continuing the project’s compressed version of Bitcoin-style supply reductions. With halvings occurring roughly every 88 days, BOB’s issuance timeline moves far faster than Bitcoin’s four-year cycle, pushing the network steadily toward its fixed 21 million supply cap.
The February event comes at a time when most of the supply has already been mined. Community estimates suggest around 98.5 per cent of BOB is already in circulation, leaving relatively little remaining to be distributed through mining over the coming years. That scarcity dynamic is part of what keeps miners and long-term holders closely focused on each reward adjustment.
BOB’s structure remains unusual even in crypto terms. Rather than relying on external proof-of-work hardware, the token is minted through the burning of ICP on the bob.fun platform. Mining winners are selected using Threshold ECDSA randomness, meaning that the creation of BOB directly consumes ICP cycles and removes ICP from circulation in the process.
Supporters argue this creates a feedback loop where activity around BOB contributes to deflationary pressure within the wider ICP economy. Community dashboards have previously shown BOB mining accounting for a large share of ICP cycle burns, reinforcing the idea that the token’s growth is closely tied to ICP’s own mechanics.
The upcoming halving also arrives amid discussion about holder behaviour. Some on-chain observers note that large wallets appear to be holding rather than distributing, though market conditions can change quickly and concentration remains a factor traders continue to watch.
At the same time, BOB’s ecosystem has broadened beyond its origins as a mining experiment. The project now spans token launches through Bobpad, trading across decentralised exchanges, and cross-chain versions on networks such as Ethereum, Base and Arbitrum. Developers have also begun building staking and DeFi-style tools around the asset, pointing to a community that is still actively expanding its use cases.
As February approaches, expectations are building around how markets respond once rewards drop again. With fewer tokens entering circulation at the same pace of ICP burn, some traders believe a supply shock may become part of the conversation, although any price impact remains speculative and dependent on broader demand.
For now, the next halving represents another step in BOB’s accelerated march toward full issuance, and another test of whether scarcity, on-chain mechanics and community participation can sustain momentum as mining rewards continue to shrink.
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