Cryptocurrency world sees the announcement of a new token. The cross-chain interoperability protocol deBridge introduced the DBR governance token via Jupiter’s LFG platform before a potential proposal. Let’s delve into the details of this development.
Solana-Based Token Will Have 10 Billion Supply
Solana based token will have a total supply of 10 billion tokens. Control will be transferred to a DAO, designed to distribute governance power to the community. The team aims to ensure no single party dominates or makes decisions based on their interests over the DAO’s.
deBridge token holders can stake DBR tokens to participate in DAO governance votes on protocol parameters, including selecting 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 responsibilities gradually increasing over time.
When deBridge’s authorized staking and slashing module is activated, users can support deBridge validators by staking DBR tokens. Staking DBR will function as a form of insurance by increasing the slashing collateral of validators. This will better protect validators against potential issues like downtime, censorship, and collusion.
Potential Launch Through Jupiter’s LFG
The introduction of DBR followed deBridge’s points program launch in April. Under this program, points were retroactively distributed to over 200,000 existing users based on past activities. These users include partner projects like Jupiter, Solflare, Zeta Markets, Banana Gun, and Birdeye, which integrated the deBridge protocol into their applications.
The token’s introduction occurred ahead of a vote on Jupiter’s LFG launchpad on Wednesday. In this vote, the Jupiter community will decide whether to use deBridge’s Jupiter-based liquidity pool as a mass sale platform for the DBR token. If deBridge wins the vote, it will have three months to launch on LFG.
1.8 Billion Circulating Supply at Launch
Overall, deBridge‘s token distribution is planned to allocate 20% of the supply to the launch and community, with a circulating supply of 1.8 billion DBR at launch.
The remaining supply will be allocated as follows: 26% to ecosystem support, 20% to core contributors, 17% to strategic partners, 15% to the deBridge Foundation, and 2% to validators.
