Drift updates tokenomics: Over half of DRIFT tokens have been unlocked and are in circulation, with the current circulating cap at 750 millions.
PANews reported on November 19 that, according to Drift's official announcement, since the TGE in May 2024, 55.6% of the total DRIFT supply (approximately 556 million tokens) has entered circulation, and the lock-up period for major investors has ended. The current circulation cap is 750 million tokens, and the tokens continue to be released according to the original five-year emission schedule. Community and trading incentives account for 43%, the team and development fund account for 25%, and strategic investors hold 22%. Drift's total trading volume has surpassed $120 billion, and the launch of Drift v3 is underway.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Content Token Boom: Is Base's "Creator Economy 2.0" a Revolution or Just Another Game for Whales to Profit From?
Content Coins and Creator Coins have been proposed as new monetization solutions for creators on Rollup chains, generating revenue through token issuance and transaction fees. However, these models face issues such as speculation, market manipulation, and misaligned incentives. Summary generated by Mars AI This summary was produced by the Mars AI model, and the accuracy and completeness of its content are still being iteratively improved.
JPMorgan calls for "overweight" on China: Buy on dips, strong gains expected next year!
Wall Street giants are sounding the call to action, with JPMorgan and Fidelity International both indicating that now is an excellent time to enter the market, as the potential returns next year will far outweigh the risks!
Infinex will launch a Sonar token sale, aiming to raise $15 million.
Trending news
MoreCrypto prices
More
