DeFi tool Doubler announces the launch of DBR token economics
The total supply of DBR tokens is 100 million, of which 40% is allocated for liquidity incentives and 10% is distributed to the community and core contributors.Original Title: $DBR Tokenomics
Author: Doubler Foundation
Compiled by: Elvin, ChainCatcher
Doubler is committed to building a financial infrastructure that developers and users can rely on for the long term. To achieve this goal, the project will fully decentralize the Doubler protocol. By launching the governance token $DBR, it aims to gradually eliminate single points of failure and create a resilient and open protocol that can evolve in multiple ways. Today, Doubler officially announces the DBR tokenomics, and $DBR holders will be able to replace the Doubler team as protocol administrators, transferring full control to the community.
Token Distribution & Release Schedule
Token Code: DBR
Total Token Supply: 100,000,000
Token Distribution
- Liquidity Incentives: 40%
- Ecosystem Fund: 15%
- Investors: 15%
- Community: 10%
- Core Contributors: 10%
- Advisors: 5%
- Marketing & Liquidity: 5%
Token Release Schedule
Liquidity Incentives --- 40,000,000 DBR
Liquidity incentives account for 40% of the total supply, aimed at rewarding community members and will be launched as needed after the mainnet goes live.
Release Schedule:
- Release Rules: The initial base release rate is set at 10,000 DBR per day. The maximum gain does not exceed 10,000 DBR, and the total release amount does not exceed 20,000 DBR per day. For the purpose of the "DBR Token Release" stack chart, the release amount is calculated at 15,000 DBR per day.
- Halving: The base release rate will decrease by 20% after every 10,000,000 DBR released.
Ecosystem Fund --- 15,000,000 DBR
The ecosystem fund accounts for 15% of the total supply. It aims to incentivize partners and the community that make significant contributions to the ecosystem, promoting a more stable and healthy growth curve.
- Release Schedule: 0% at TGE, 3 months lock-up period, 8 quarters of linear vesting.
Ecosystem and governance plans have not yet been released; please wait for the official announcement for more information on specific uses and rules.
Investors --- 15,000,000 DBR
Institutional investors hold 15% of the total supply.
- Release Schedule: 10% issued at TGE, 3 months lock-up period, 24 months linear vesting.
- Initial Circulation: 1,500,000 DBR.
Community --- 10,000,000 DBR
The community holds 10% of the total supply. This primarily incentivizes early participants and supporters during the testnet ITO phase.
- Release Schedule: 50% issued at TGE, remaining 50% issued in the third quarter.
- More details about ITO: Click here for more ITO details. Specific airdrop rules will be announced later.
Core Contributors --- 10,000,000 DBR
The team holds 10% of the total supply. These tokens serve as incentives for current and future team members.
- Release Schedule: 0% at TGE, 6 months lock-up period, 8 quarters of linear vesting.
Advisors --- 5,000,000 DBR
Advisors hold 5% of the total supply. These tokens reward their expertise and services, ensuring support at various stages of the project. The issuance schedule follows the same rules as core contributors to incentivize long-term participation and support.
Release Schedule: 0% at TGE, 6 months lock-up period, 24 months linear vesting.
Marketing & Liquidity --- 5,000,000 DBR
Marketing & liquidity account for 5% of the total supply. These tokens will be used for initial liquidity provision and marketing efforts.
Release Schedule: 10% issued at TGE, 24 months linear vesting.
What is Doubler?
Doubler is a DeFi tool, a "Buff" public product for crypto assets. This product is inspired by the "martingale" concept, a traditional martingale strategy that requires substantial funds to support the continuous growth of the betting amount. Doubler addresses this issue through crowdfunding and incentivizing a portion of the profits.
In January 2024, Doubler successfully completed a seed round of financing led by Youbi Capital. Investors in this round include Bixin Ventures, Mask Network, Comma3 Ventures, Pivot Labs, Continue Capital, Sanyuan Capital, Waterdrip Capital, DWF Ventures, Gate Labs, Formless Capital, MT Capital, and CatcherVC.
