On June 22nd, leveraged strategy agreement Stella released a rebranding proposal, which aims to expand the scope of dApps to leveraged infrastructure agreements and rename them LitLayer. This transition will involve rebranding, new product direction, and token economics changes.
It is reported that as part of the rebranding, Stella will migrate from the current ALPHA tokens to LTLY tokens at a 1:1 ratio. LTLY holders can earn infrastructure fees and participate in governance through the staking model. The maximum supply of LTLY tokens is 3 billion, which are distributed as follows:
Migration from ALPHA tokens: 1,000,000,000 LTLY tokens;
Strategic partners: 525,000,000 LTLY tokens.
Ecosystem and community incentives: 725 million LTLY tokens.
Airdrop: 300,000,000 LTLY tokens;
Marketing/Security: 450,000,000 LTLY tokens.
Stella Releases Proposal to Rename to LitLayer
2024-06-22 01:55:50
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