The deBridge token DBR will be issued at a fixed price of $0.025 through Jupiter LFG

ChainCatcher news, the deBridge Foundation announced on social media that it will fairly issue DBR tokens on the Jupiter Exchange through the LFG (Launch Fair and Grow) mechanism. This issuance aims to allow real users rather than MEV bots to participate in the bidding process. DBR will be issued at a fixed price of $0.025, with an investment cap of $25,000 per eligible address. A total of 200 million DBR (2% of the total supply) will be issued, with a total investment cap of 5 million USDC.

In addition, deBridge will provide 3 million USDC and 100 million DBR as liquidity owned by the protocol in the Meteora AMM pool, with an initial trading price of $0.03. 50% of the DBR will be claimable at the Token Generation Event (TGE), and the remaining 50% will be unlocked after 6 months. The LFG issuance will take place on the deBridge Foundation website and will last for 24 hours. The specific issuance time will be announced later. Previously, deBridge announced the establishment of the foundation and launched a DBR airdrop query page.