TechFlow reported on November 21 that, according to official information, the Bitcoin ecosystem expansion protocol Side Protocol has unveiled its tokenomics. The total supply of the SIDE token will be 1 billion, with an initial circulating supply of 229 million. The token distribution plan is as follows:
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Ecosystem Reserve: 20%;
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Team Allocation: 18%;
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Community Treasury: 17%;
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Public Sale Reserve: 15%;
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Investors: 13% (latest valuation at $100 million);
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Liquidity Reserve: 7%;
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Genesis Airdrop: 10%;
The SIDE token will initially be issued on the Solana blockchain as an SPL token and is expected to support conversion into native mainnet tokens and enable staking in January 2025. The airdrop program will target active Bitcoin users, NFT holders, and Cosmos ecosystem users, with specific snapshot details to be announced within this week.
