The deBridge Token DBR Will Be Equitably Issued Through the Jupiter LFG Mechanism
Publication Time:2024-08-29 20:46:08
The deBridge Foundation recently announced that they will issue the DBR token equitably on Jupiter Exchange through the LFG (Launch Fair and Grow) mechanism. This issuance aims to ensure that genuine users can participate in bidding first, rather than allowing MEV (Miner Extractable Value) bots to dominate. The DBR token will be issued at a fixed price of 0.025 USD, with an investment cap of $25,000 per qualified address. A total of 200 million DBRs (2% of the total supply) will be issued, with a maximum investment amount of $5 million USDC. Additionally, deBridge will provide 3 million USDC and 100 million DBRs as protocol-owned liquidity in the Meteora AMM pool, with an initial trading price set at 0.03 USD. At the Token Generation Event (TGE), 50% of the DBR tokens will be claimable, and the remaining 50% will vest after 6 months.
deBridge
DBR
Jupiter LFG
equitable issuance
0.025 USD