The cross-chain interoperability protocol deBridge has launched its governance token DBR

2024-05-21 19:17:58

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ChainCatcher news, according to The Block, the cross-chain interoperability protocol deBridge has announced the launch of its governance token DBR, with a total supply of 10 billion tokens. The token distribution plan of deBridge allocates 20% of the supply to Launch and its community, with a circulating supply of 1.8 billion DBR at issuance.

Of the remaining supply, 26% is allocated for ecosystem support, 20% for core contributors, 17% for strategic partners, 15% for the deBridge Foundation, and 2% for validators. deBridge token holders will be able to stake their DBR tokens and participate in governance voting on DAO protocol parameters, including electing active validators, setting minimum consensus thresholds, and the deployment and upgradability of smart contracts.

In addition, the third voting session of Jupiter LFG will start at 1 AM Beijing time on May 23. The Jupiter LFG launch board voting requires the Jupiter community to decide whether deBridge will use the platform as a crowdfunding venue for DBR through a Jupiter-based liquidity pool. If deBridge wins the vote, it will have three months to launch on LFG.

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