TechFlow News — According to documents released by the decentralized derivatives trading protocol dYdX, the protocol has launched its governance token DYDX, aiming to provide a complete ecosystem for staking, rewards, and governance.
The total supply of DYDX tokens is 1 billion, which will be distributed over five years to all participants in the dYdX ecosystem, including community users, investors, and the dYdX team. Specifically, 50% (500 million tokens) will be allocated to the community, 27.73% to past investors, 15.27% to current members of dYdX Trading or the dYdX Foundation, and 7.00% to future members of dYdX Trading or the dYdX Foundation.
Among these, 7.5% of the tokens (75 million) are reserved for retroactive mining by early product users from August 3 at 23:00 to August 31 at 23:00, with the snapshot already completed at 00:08 on July 26, 2021, Beijing time.
