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Grand Base announces new token economics, with a total supply of 25 million tokens, 40% allocated for the restart airdrop

2024-06-08 15:00:28

ChainCatcher news, Base ecosystem RWA market Grand Base recently announced new token economics and will launch a new contract to restart the token.
The total supply and final supply of the new token are set at 25,000,000 tokens. Compared to the old token economics, this means a 50% reduction in the number of tokens, with the specific allocation as follows:

  • 6,720,000 tokens for community airdrop (26.88%), specifically for the previous liquidity providers who suffered losses; vesting period of 12 months, 0% unlocked at TGE, and 5% of the total allocation unlocked monthly;
  • 10,000,000 tokens (40%) will be distributed for protocol restart airdrop based on the snapshot; vesting period of 3 months, 16.65% unlocked at TGE, then unlocked weekly;
  • 4,000,000 tokens (16%) will constitute the treasury, providing sufficient resources for future initiatives and the sustainability of the ecosystem; vesting period of 12 months, with 10% unlocked at TGE and 10% of the total allocation unlocked monthly;
  • 3,000,000 tokens (12%) reserved for the Grand Base team; vesting period of 12 months, no initial unlock at TGE, and no monthly unlock;
  • 1,180,000 tokens (4.72%) will be allocated to MEXC holders, with the total token amount minted and sent to MEXC members responsible for executing automatic swaps to facilitate this allocation; 100% unlocked at TGE;
  • 100,000 tokens (0.4%) will ensure initial liquidity paired with USDC on Aerodrome; 100% unlocked at TGE.
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