The deBridge token DBR will be issued through Jupiter LFG at a price of $0.025
2024-08-29 12:46:03
29 message debridge foundation announcement jupiter exchange bydesk3cryptocurrencydesktopCrypto News
On August 29th, the deBridge Foundation announced that it will issue DBR tokens on the Jupiter Exchange through the LFG (Launch Fair and Grow) mechanism in a fair manner. The offering is designed to give priority to real users rather than MEV robots to participate in the bidding. DBR will be issued at a fixed price of $0.025, with a maximum investment of $25,000 per eligible address. A total of 200 million DBR (2% of the total supply) will be issued, and the total investment will be capped at 5 million USDC. DeBridge will also provide liquidity owned by 3 million USDC and 100 million DBR as a protocol in the Meteora AMM pool, with an initial transaction price of $0.03. 50% of the DBR will be available at the Token Generation Event (TGE), and the remaining 50% will be unlocked after 6 months.
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