Cross-chain Protocol deBridge Announces Launch of Governance Token DBR with a Total Supply of 10 Billion Tokens
PANews reported on May 21 that cross-chain interoperability protocol deBridge announced the launch of its governance token DBR. DBR is based on the Solana chain, with a total supply of 10 billion tokens. The token distribution plan includes allocating 20% to community initiation and its community, with an initial circulating supply of 1.8 billion DBR. Of the remaining supply, 26% is allocated for ecosystem support, 20% for core contributors, and 17% for strategic partners. deBridge aims to decentralize governance power to the community through a DAO. DBR token holders can stake their tokens to participate in DAO governance voting, deciding on protocol parameters, including electing active validators, setting minimum consensus thresholds, and deploying and upgrading smart contracts. The DAO will also manage the project's treasury and ecosystem reserves, with its responsibilities gradually increasing.
The launch of the DBR token follows deBridge's points program launched in April, which retrospectively allocated points to over 200,000 existing users based on past activities, including projects integrated with the deBridge protocol such as Jupiter, Solflare, Zeta Markets, Banana Gun, and Birdeye. The launch of the DBR token coincides with an upcoming vote on Jupiter's LFG platform, where the Jupiter community will decide whether deBridge will use Jupiter's liquidity pool as the crowdsale platform for DBR. If the vote passes, deBridge will launch on the LFG platform within three months.
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