TLX: TGE is expected to launch within a week, with 6% of the total token supply allocated for airdrops

ChainCatcher news, the 20x leveraged token protocol TLX built on Optimism announces that its Token Generation Event (TGE) is expected to go live within a week, with a total token supply of 100 million. The following will be completed at that time:

• A total of 6% of tokens will be airdropped, which users can claim on the TLX homepage. The tokens will have no lock-up period and can be freely transferred;
• To further decentralize community governance, TLX will issue its native token prior to the protocol launch;
• After the token issuance, users can earn token rewards through genesis staking and have the right to participate in community governance decisions.

In addition, genesis staking will open simultaneously with the token issuance, lasting for 26 weeks. A total of 4% of tokens will be distributed to genesis stakers during this period on a per-block basis.