TechFlow reports on August 12 that cross-chain interoperability protocol deBridge has announced the official establishment of its foundation, aimed at benefiting the DAO and its key participants, including core contributors, strategic partners, and the community. DBR token holders will shape the protocol's future through governance rights. The foundation also announced that the DBR airdrop inquiry page is now live.
The DBR token has a total supply of 10 billion, with an initial circulating supply of 1.8 billion, to be issued on Solana as an SPL token. The remaining 82% of tokens will be distributed quarterly over three years starting six months after the token generation event (TGE). At TGE, 10% of tokens will be allocated to the community and launch programs, including 2% to the LFG Vault, 1% as Jupiter DAO LFG rewards, 1% to Meteora dynamic pools, and 6% to Season One Points holders. Additionally, liquidity distribution at launch includes 10% for community and launch initiatives, 5% allocated to the deBridge Foundation, and 3% dedicated to ecosystem development.
