Lava Network: The mainnet is about to launch

ChainCatcher news, Lava Network announced on platform X that the mainnet is about to launch and will reveal more details soon.

Previously on April 26, modular blockchain infrastructure developer Lava Network announced the LAVA tokenomics. The total supply of LAVA is 1 billion tokens, and it adopts a deflationary mechanism to attract API providers in the initial phase of the mainnet. Of this, 15% of the tokens will be used for future incentive programs (such as airdrops), 6.6% of the tokens will be allocated for monthly rewards to providers (Provider Drops), 3.4% of the tokens will be used for validator rewards, 31% of the tokens will be allocated for research and development and ecosystem, 17% of the tokens will be distributed to early investors, and 27% of the tokens will be allocated to early contributors, core team, advisors, etc.