Stella releases rebranding proposal to be renamed LitLayer

Leveraged strategy protocol Stella released a rebranding proposal, which aims to expand the scope of dApps to leverage infrastructure protocols and change its name to LitLayer. This transformation will involve rebranding, new product directions, and token economics changes. It is reported that as part of the rebranding, Stella will migrate from the current ALPHA token to the LTLY token at a ratio of 1:1. LTLY holders can earn infrastructure fees and participate in governance through the staking model. The maximum supply of LTLY tokens is 3 billion, which are distributed as follows: · Migration from ALPHA tokens: 1,000,000,000 LTLY tokens; · Strategic partners: 525,000,000 LTLY tokens; · Ecosystem and community incentives: 725,000,000 LTLY tokens; · Airdrop: 300,000,000 LTLY tokens; · Marketing/Security: 450,000,000 LTLY tokens.