deBridge launches governance token DBR, with 20% of supply allocated to the community

According to news on May 21, the cross-chain protocol deBridge launched the governance token DBR with a total supply of 10 billion. deBridge’s token distribution plan allocates 20% of the supply to Launch and its community, with the circulating supply of DBR at the time of launch being 1.8 billion. Of the remaining supply, 26% is allocated to ecosystem support, 20% to core contributors, 17% to strategic partners, 15% to the deBridge Foundation, and 2% to validators. deBridge token holders will be able to stake their DBR tokens and participate in governance voting on DAO protocol parameters, including electing active validators, setting minimum consensus thresholds, and smart contract deployment and upgradeability. Voting for the third phase of Jupiter LFG will begin at 1:00 a.m. Beijing time on May 23. The Jupiter LFG launchboard voting requires the Jupiter community to decide whether deBridge will use the platform as a crowdfunding venue for DBR through a Jupiter-based liquidity pool. If deBridge wins the vote, it will have three months to launch on LFG.