Supra's Oracle Project Commences Public Sale of Tokens on October 25

Blockchain oracle project Supra disclosed its plan to hold a public sale for its SUPRA tokens. As per the BlockBeats report on October 23, the sale is scheduled for October 25 at 15:00. In its anticipation, the sale will feature 50 million SUPRA tokens with the aim to encourage wider participation in the blockchain network.In the first stage of the Token Generation Event (TGE), investors will get an immediate 10% of the tokens. This is followed by a monthly release of 5% over the subsequent 18 months. These steps make the SUPRA token sale accessible to investors, with a minimum investment requirement set at US$200 without an upper limit.Meanwhile, Supra devised a robust plan for the distribution of the remainder of the 10 billion SUPRA tokens. The breakdown is as follows:- Validators are to receive block rewards (21%), spread out over 15 to 21 years, which reinforces the oracle network's security.- The Foundation's share (17.00%) will be utilized for the development and cultivation of the Supra ecosystem and Web3 data. This share will be distributed over seven years, initially following a 6-month cliff and then on a quarterly unlocking basis.- Founders, teams, future employees, and consultants are slated to receive their allocation (16.00%) over four years. This includes a 12-month cliff period, with an annual release rate of 20% for the initial two years and a yearly 30% release for the succeeding two years. - The allocation for exchange liquidity (3.85%) will be deployed as per necessity.- Diverse distribution mechanisms are in place for Pre-seed rounds, Seed rounds, Strategic rounds, and others.This public sale demarcates a strategic endeavor of Supra to ensure wide-spread distribution of tokens, ultimately contributing to increased engagement and commitment among its community members.