Upcoming Launch of deBridge's DBR Token
According to Odaily, the deBridge Foundation has announced an exciting development in the blockchain ecosystem. They plan to initiate the LFG (Launch Fair and Grow) Launch on October 15 at 08:00 UTC
Details of the Token Launch
The deBridge token, designated as DBR, is set to be fairly issued on the Jupiter Exchange through the LFG mechanism, with a fixed price of $0.025 per token. This offers a structured opportunity for investors looking to participate in early-stage blockchain projects.
Investment Caps
Each eligible address will have an investment cap of $25,000. In total, 200 million DBR tokens will be available, comprising 2% of the total supply. The overall maximum investment amount for this launch is projected at $5 million USDC.
Liquidity Provision
Additionally, deBridge aims to enhance its liquidity by contributing to the Meteora AMM pool, with a provision of 3 million USDC and 100 million DBR as protocol-owned liquidity.
Initial Trading Price
The launch will see the initial trading price set at $0.03 per token, providing an attractive entry point for investors.
Token Generation Event Timelines
At the Token Generation Event (TGE), half of the DBR tokens will be available for claiming. The remaining 50% will be unlocked after a period of six months.
Conclusion
This upcoming LFG Launch represents a significant opportunity for investors in the cryptocurrency space to acquire DBR tokens at an early stage. With structured limitations on investment amounts and a clear liquidity strategy, deBridge continues to position itself as a leading player within the blockchain industry.
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