TechFlow news, JOJO, a derivatives trading platform on the Base chain, has announced its token distribution plan with TGE scheduled for July 29.
Investor allocation accounts for 4%, with 0.2% released at TGE and the remainder distributed monthly at a rate of 0.317% over the following 12 months;
Long-term investor allocation is 4%, to be distributed quarterly at 0.5% over 24 months after TGE;
Team allocation is 15%, locked for 1 year, then released monthly at 0.625% over the subsequent 24 months;
DODO token holders and user allocation accounts for 10%, to be released through various mechanisms;
8% of tokens are allocated for retroactive airdrops and will be distributed at TGE;
59% of tokens will be reserved for future airdrops, liquidity incentives, and ecosystem development.
