deBridge will launch the governance token DBR, 20% of which will be allocated to the community and Launch
2024-05-21 11:14
Odaily News Cross-chain interoperability protocol deBridge unveiled its governance token DBR ahead of its launch on the Jupiter LFG platform. deBridge said its Solana-based token DBR, with a total supply of 10 billion, is designed to decentralize governance to the community and hand over control to the DAO. deBridge's token distribution plan allocates 20% of the supply to Launch and its community, with a circulating supply of 1.8 billion DBR at the time of issuance. Of the remaining supply, 26% will be allocated to support its ecosystem, 20% to core contributors, 17% to strategic partners, 15% to the deBridge Foundation, and 2% to validators. The team said the goal is to ensure that no party can dominate or make decisions based on their own interests rather than the interests of the entire DAO. deBridge token holders will be able to stake their DBR tokens and participate in governance votes on the DAO protocol, including the election of active validators, setting minimum consensus thresholds, and the deployment and upgradeability of smart contracts. The DAO will also manage the project's treasury and ecosystem reserves, and its responsibilities will gradually increase over time. (The Block)
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