deBridge Foundation Launches LFG for DBR Token on October 15

Exciting Launch Announcement from deBridge: LFG Launch Set for October 15

In a significant update from the blockchain space, deBridge Foundation has announced the initiation of the LFG Launch on the social media platform X. Scheduled for October 15 at 08:00 UTC, this event marks an important milestone for the deBridge community and its supporters.

DCB Token Details and Fair Issuance

As part of the LFG (Launch Fair and Grow) mechanism, deBridge is set to issue its native token, DBR, through the Jupiter Exchange. The tokens will be fairly issued at a fixed price of $0.025 each, enabling users to participate equitably.

Each eligible address will have an investment cap set at $25,000, with a total of 200 million DBR tokens made available, accounting for 2% of the total supply. The maximum investment amount permitted is $5 million USDC.

Liquidity Provisioning and Initial Trading Price

In an effort to bolster market dynamics, deBridge has announced its plan to inject liquidity into the Meteora AMM pool. A significant sum of 3 million USDC alongside 100 million DBR will form the protocol-owned liquidity.

Upon launch, the initial trading price for DBR tokens will be $0.03, providing a potential opportunity for early investors and traders.

Token Generation Event (TGE): What to Expect

The excitement doesn’t stop there! The upcoming Token Generation Event (TGE) will allow participants to claim half of their purchased DBR tokens immediately upon launch. The remaining 50% will be unlocked after a period of six months, ensuring a balanced distribution and long-term project commitment.

Conclusion

As the deBridge Foundation prepares to launch its LFG mechanism, both new and existing investors are urged to stay informed and participate. This initiative not only promotes fair participation but also aims to solidify the future of deBridge in the decentralized finance landscape. Keep an eye on upcoming announcements as the LFG Launch date approaches!