deBridge: DBR token will be listed on Jupiter LFG soon, with an initial price of $0.025

BlockBeats news, on August 29, the cross-chain interoperability protocol deBridge Foundation announced that it will issue DBR tokens fairly through the LFG (Launch Fair and Grow) mechanism on Jupiter Exchange. DBR will be issued at a fixed price of $0.025, and the investment limit for each qualified address is $25,000. A total of 200 million DBR will be issued (accounting for 2% of the total supply), and the total investment limit is 5 million USDC.

deBridge will also provide 3 million USDC and 100 million DBR as initial liquidity in the Meteora AMM pool, with an initial trading price of $0.03. 50% of DBR will be available at the token generation event (TGE), and the remaining 50% will be unlocked after 6 months. The LFG issuance will be carried out on the deBridge Foundation website for 24 hours, and the specific issuance time will be announced later.

BlockBeats previously reported that on August 12, the cross-chain interoperability protocol deBridge Foundation announced that the DBR token allocation qualification query page has been launched, with a total supply of 10 billion tokens and an initial circulation supply of 1.8 billion tokens. The circulation at the time of launch: 10% for the community and launch, 5% for the deBridge Foundation, and 3% for the ecosystem. The remaining 82% will be unlocked once a quarter starting 6 months after the token generation event (TGE) for 3 years.