TechFlow News – Fjord Foundry, an LBP platform, announced on X that it will launch its platform token $FJO on April 16.
The $FJO token will be launched via an LBP with the following details:
- LBP Date: From 3 PM UTC on April 16 to 3 PM UTC on April 18.
- Token Supply: 7,500,000 (7.5% of total supply)
- Initial Weight: 99% $FJO / 1% WETH
- Final Weight: 10% $FJO / 90% WETH
After the LBP concludes on Fjord, the team will immediately deploy a liquidity pool on Uniswap on the Ethereum mainnet using a portion of the funds raised during the LBP.
In addition, as a gesture of appreciation to users, Fjord Foundry has allocated 4% of the total token supply to the community over a three-month period. The airdrop snapshot was taken on March 22. Of this, 1.5% of the total supply will be airdropped to Copper Launch and Fjord Foundry V1 users, and 2.5% of the total supply will go to Fjord Foundry V2 users.
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