On May 21st, deBridge, a cross-chain protocol, launched the governance token DBR with a total supply of 10 billion. DeBridge's token distribution plan allocates 20% of the supply to Launch and its community, and the DBR's circulating supply at launch is 1.80 billion. Of the remaining supply, 26% is allocated to ecosystem support, 20% to core contributors, 17% to strategic partners, 15% to deBridge Foundation, and 2% to validators. DeBridge token holders will be able to stake their DBR tokens and participate in governance voting on DAO protocol parameters, including the election of active validators, the setting of minimum consensus thresholds, and the deployment and scalability of smart contracts.
The third phase of Jupiter LFG voting will begin at 1:00 am Beijing time on May 23rd. The Jupiter LFG startup board votes for the Jupiter community to decide whether deBridge will use the platform as a crowdfunding venue for DBR through a Jupiter-based liquidity pool. If deBridge wins the vote, it will have three months to launch on LFG.
DeBridge launches governance token DBR, with 20% of the supply allocated to the community
2024-05-21 11:16:10
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