The EVM-compatible deBridge cross-chain protocol announced the launch of the DBR governance token and revealed the specifics of the future asset allocation.
1/ Introducing $DBR
The next step in becoming the bridge that DeFi deserves 💜
Everything you need to know about the deBridge token 🧵 pic.twitter.com/NcGsLUBDp8
The total issue of coins on the Solana-SPL standard will amount to 10 billion, the initial market offer is 1.8 billion.
20% or 2 billion DBR will be distributed among the community as part of the proposed airdrop. The development team will receive the same amount, and 17% is due to strategic partners.
7/ DBR distribution breakdown:
✅ Community & Launch: 20%
✅ Core Contributors: 20%
✅ Strategic Partners: 17%
✅ Ecosystem: 26%
✅ deBridge Foundation: 15%
✅ Validators: 2% pic.twitter.com/lSVjv75q0Z
It is planned to allocate 26% of emissions to support the ecosystem. The treasury of the deBridge Foundation will receive 15% of the total amount of DBR.
According to the statement, the rules of the airdrop will be announced later. However, the distribution will be based on the snapshot of the "first season and subsequent". The activity associated with the token launch will also be taken into account.
According to The Block, in early April, the deBridge team retroactively distributed points among more than 200,000 active users. The program includes partner projects like Jupiter, Solflare, Zeta Markets, Banana Gun and Birdeye, which integrated the cross-chain bridge.
In February, the Jupiter LFG token launch platform announced future coins, among which DBR was listed.
"Token holders will be able to lock them in to participate in voting within the framework of the DAO and make decisions on the strategic parameters of the protocol. The deBridge management will manage the treasury, ecosystem reserves and be able to influence smart contract updates in the future," the developers described the DBR functionality.
Recall that the launch of the deBridge on the Solana blockchain took place in June 2023.