mdrop

ChainCatcher news, the Sui ecosystem lending protocol Suilend announced on platform X that the SEND token has been launched at 13:00 Beijing time on December 12.Suilend further stated that 40% of the SEND supply will be distributed through the mdrop mechanism: 20% will be rewarded to SEND point holders and early users; 5% will be allocated to the Sui ecosystem community; 15% will be allocated to SAVE holders on Solana.

ChainCatcher news, according to official sources, the Sui ecosystem lending protocol Suilend has announced its tokenomics plan. The total supply of the SEND token is 100 million, distributed using an innovative Mdrop (mature airdrop) mechanism.The specific allocation plan is as follows: 65% for the community, which includes 20% for Suilend Mdrop, 5% for ecosystem Mdrop, and 15% for SAVE Mdrop; 15% for project incentives; 15% for team shares; 20% for investor shares; and 10% for treasury reserves.The project team stated that they will launch the AMM project Steamm, which is deeply integrated with Suilend, in the first quarter of 2025, further improving the DeFi ecosystem layout. Investor tokens will be released linearly over 2 years, while team tokens will adopt a 4-year linear release mechanism.