TechFlow reports, on October 15, according to The Block, the governance token DBR of cross-chain interoperability protocol deBridge has now launched on Jupiter's LFG launchpad. Eligible whitelisted users can participate in the LFG launch. The project's token generation event (TGE) is scheduled for this Thursday.
The deBridge Foundation stated that this DBR LFG offering adopts a fixed-price model, differing from previous launches. All participants may purchase DBR tokens at a fixed price of $0.025, with a fully diluted valuation of $250 million. Whitelisted users may deposit up to $25,000 USDC each, with a total deposit cap of $5 million USDC.
Previous report, deBridge announced its DBR token distribution plan, expecting a potential launch via Jupiter's LFG platform, with a total supply of 10 billion tokens. It plans to allocate 20% of the supply to Launch and community, with 1.8 billion DBR tokens in circulation at launch. Of the remaining supply, 26% is allocated to ecosystem support, 20% to core contributors, 17% to strategic partners, 15% to the deBridge Foundation, and 2% to validators.
