CandleFocus deBridge Token Goes Live With DBR Airdropped to 491K Wallets
2024-10-17
Author: Content Editor
The governance token of cross-chain crypto platform deBridge, called DBR, was launched with an airdrop to approximately 491,286 early users and community members. The token is based on Solana and has an initial circulation of 1.8 billion out of a maximum supply of 10 billion. Airdrop recipients have the option to claim their tokens in two phases, with a penalty for early withdrawal. Trading for DBR started at $0.03 per token, with the aim of reaching a fully diluted valuation of $300 million. DBR holders will have voting rights on future strategies and implementations of the deBridge protocol. The project plans to introduce staking features in the future. deBridge has been widely used for transferring funds between various blockchains, generating millions of dollars in revenues.
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