deBridge native token DBR will be launched on October 17

BlockBeats reported that on September 21, according to official news, the deBridge native token DBR will be launched on October 17.

BlockBeats previously reported that on September 17, the cross-chain interoperability protocol deBridge Foundation announced that DBR tokens were open for collection. On August 29, the deBridge Foundation announced that it would 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, with an investment cap of $25,000 per eligible address. A total of 200 million DBR will be issued (2% of the total supply), with a total investment cap of 5 million USDC.

The total supply of tokens is 10 billion, and the initial circulation supply is 1.8 billion. Circulation at launch: 10% for community and launch, 5% for deBridge Foundation, 3% for ecosystem. The remaining 82% will be unlocked quarterly for 3 years starting 6 months after the Token Generation Event (TGE).