On June 8, the Base ecosystem RWA market Grand Base recently announced the new token economics and will release a new contract to restart the token.
The total supply and final supply of the new tokens are set at 25,000,000. Compared to the old token economics, this means a 50% reduction in the number of tokens, as follows:
- 6,720,000 tokens for community airdrops (26.88%), especially for former liquidity providers who suffered losses; vesting period of 12 months, 0% unlocked at TGE, and 5% of total monthly allocations unlocked;
According to the snapshot, 10,000,000 tokens (40%) will be distributed for the agreement to restart the airdrop; the vesting period is 3 months, 16.65% will be unlocked at TGE, and then unlocked weekly.
- 4 million tokens (16%) will constitute a treasury, providing sufficient resources for future initiatives and ecological sustainability; the vesting period is 12 months, of which 10% is unlocked by TGE and 10% of the total distribution is unlocked each month;
- Reserve 3,000,000 tokens (12%) for the Grand Base team; the vesting period is 12 months, and TGE will not make initial unlocks or unlock them monthly.
1180,000 tokens (4.72%) will be distributed to MEXC holders, and the total amount of tokens will be minted and sent to MEXC members responsible for performing automatic redemption to facilitate this distribution; 100% unlocked at TGE;
- 100,000 tokens (0.4%) will ensure initial liquidity paired with USDC on Aerodrome; 100% unlocked at TGE.
Grand Base announces new token economics: a total of 25 million, 40% for restarting airdrops, 26.88% for community airdrops
2024-06-08 07:03:41
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