deBridge token DBR will be issued through Jupiter LFG at a price of $0.025

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Cointime2024/08/29 13:30

By:Cointime

deBridge Foundation announced that it will fairly distribute DBR tokens through the LFG (Launch Fair and Grow) mechanism on Jupiter Exchange. The purpose of this issuance is to prioritize real users rather than MEV robots in the bidding process. DBR will be issued at a fixed price of $0.025 per token, with a maximum investment limit of $25,000 per eligible address. A total of 200 million DBR tokens will be issued (2% of the total supply), with a maximum investment limit of 5 million USDC. deBridge will also provide 3 million USDC and 100 million DBR as protocol-owned liquidity in the Meteora AMM pool, with an initial trading price of $0.03 per token. 50% of the DBR tokens will be claimable during the token generation event (TGE), while the remaining 50% will unlock after 6 months.

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