deBridge governance token DBR is now in circulation, with 490,000 users receiving airdrop rewards.

deBridge governance token DBR officially starts circulating, approximately 490,000 early users and loyal supporters of the DeFi ecosystem will receive Airdrop rewards.

DBR is an SPL Token based on the Solana chain, with an initial circulation of 1.8 billion coins and a maximum supply of 10 billion coins. Airdrop participants have two ways to claim their rewards:

1. You can receive 50% of the tokens during the Token Generation Event (TGE), and the remaining 50% will be distributed six months later.

2. You can also choose to receive 80% of the tokens in a lump sum at TGE, but the remaining 20% will be deducted and cannot be obtained again.

It is worth noting that the tokens of all strategic partners and core contributors will be locked and will not begin to unlock until six months after the TGE ends. At that time, 20% of the tokens will be immediately unlocked, and the remaining portion will be gradually released quarterly over the next three years.

The opening price of the DBR Token is $0.03, which brings the fully diluted market capitalization of DBR to $300 million. Investors can trade in the on-chain DBR/USDC Meteora pool, and trading is also supported on several centralized exchanges.

This airdrop is the first airdrop event in the cryptocurrency field that simultaneously supports on-chain and off-chain custody. About 10% of the airdrop tokens can be claimed through centralized exchanges, while the remaining 90% will be distributed on-chain.

As one of the largest cross-chain ecosystems in the crypto market, deBridge has become a core bridging service provider in the Solana ecosystem, with cumulative fee revenue exceeding 13 million dollars.