TechFlow reports that the deBridge Foundation has announced a fair launch of its DBR token on Jupiter Exchange using the LFG (Launch Fair and Grow) mechanism. This launch aims to prioritize genuine users over MEV bots in the bidding process.
DBR will be issued at a fixed price of $0.025, with a cap of $25,000 per eligible address. A total of 200 million DBR (2% of total supply) will be issued, with a maximum investment amount of 5 million USDC.
deBridge will also provide 3 million USDC and 100 million DBR as protocol-owned liquidity in a Meteora AMM pool, with an initial trading price of $0.03. 50% of the DBR tokens will be claimable at the Token Generation Event (TGE), while the remaining 50% will unlock after six months.
The LFG launch will take place on the deBridge Foundation website and last for 24 hours. The exact timing will be announced later.
Earlier report, deBridge announced the establishment of its foundation and launched the DBR airdrop eligibility checker.
