The NFTfi Foundation, launched by the NFT lending protocol NFTfi, announced the token economics details of the governance token NFTFI. It is reported that NFTFI is a native ERC-20 token with a supply of 2 billion and an estimated initial circulation of 220 million. The NFTFI claim portal is expected to be opened later in April (the specific date is to be determined). The token distribution details are as follows:
1. Community and rewards (25% – 500,000,000 NFTFI);
2. Foundation and ecosystem (23.3% – 465,952,487 NFTFI);
3. Early strategic supporters and strategic supporters (15.2% + 20.4% – 712,356,127 NFTFI)
4. Core contributors (16.1% – 321,691,386 NFTFI).
In addition, the NFTfi Foundation also stated that it will soon announce and establish the NFTfi Council as the first step towards a decentralized governance system.