On November 21st, the Bitcoin financial public chain Side Protocol announced the $SIDE token economic model. The total supply of $SIDE tokens is 1 billion, and the functions cover the accumulation of protocol income value, payment of transaction fees, cyber security pledge and decentralized governance on the chain. Token distribution includes: 20% ecological reserve, 18% team, 17% community vault, 15% public offering, 13% private placement, 7% liquidity, and 10% airdrop to eligible bitcoin active users, NFT community, Cosmos community and testnet participants. $SIDE will first be issued under the SPL standard on Solana, and the mainnet is expected to go live in January 2025. At that time, it can be converted into mainnet tokens and participate in staking and governance.
Side Protocol is the first fully bitcoin-compatible Layer 1 blockchain, providing a decentralized self-custodial financial infrastructure designed to build a bitcoin-centric global economy.
Bitcoin Financial Public Chain Side Protocol Announces SIDE Token Economic Model
2024-11-21 06:18:22
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
比特币金融公链Side Protocol公布SIDE代币经济模型Next article：
马斯克：杰夫·贝佐斯曾称特朗普肯定会输掉大选，并向他人建议卖掉特斯拉和SpaceX股票
