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Cross-Chain Protocol DeBridge Launches Governance Token DBR

21/05/2024 19:16

According to Foresight News, cross-chain protocol deBridge has launched its governance token, DBR, with a total supply of 10 billion. The token distribution plan of deBridge 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% is allocated for ecosystem support, 20% for core contributors, 17% for strategic partners, 15% for the deBridge Foundation, and 2% for validators. DBR token holders will be able to stake their tokens and participate in the governance voting of DAO protocol parameters, including electing active validators, setting minimum consensus thresholds, and deploying and upgrading smart contracts. In related news, the third round of voting for Jupiter LFG will begin at 1 a.m. Beijing time on May 23. The Jupiter LFG launchpad vote requires the Jupiter community to decide whether deBridge will use the platform as a crowdfunding venue for DBR through a liquidity pool based on Jupiter. If deBridge wins the vote, it will have three months to launch on LFG.

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