Drift updates tokenomics: Over half of DRIFT tokens have been unlocked and are in circulation, with the current circulating cap at 750 millions.
PANews reported on November 19 that, according to Drift's official announcement, since the TGE in May 2024, 55.6% of the total DRIFT supply (approximately 556 million tokens) has entered circulation, and the lock-up period for major investors has ended. The current circulation cap is 750 million tokens, and the tokens continue to be released according to the original five-year emission schedule. Community and trading incentives account for 43%, the team and development fund account for 25%, and strategic investors hold 22%. Drift's total trading volume has surpassed $120 billion, and the launch of Drift v3 is underway.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
AI Predicts ADA Levels After a 70% Run on Mastercard News
Tether confirms less than $63.8 million held at EQIBank after US seizures
After Japanese Official’s Statement, Besant Steps In: “Merit of Strong Yen” Already Discussed with Japan’s Finance Minister
Besant stated that he had a "productive call" with Japanese Finance Minister Mitsuru Sakazuki on Friday, during which they discussed the desirability of a strong yen that reflects Japan's robust economic fundamentals and emphasized the importance of maintaining close communication regarding the foreign exchange market. Sakazuki earlier revealed that during a meeting this week between Trump and Sanae Takaichi, both mentioned the weakening yen. Takaichi said that the undervaluation of the yen is "problematic." Institutions believe that the risk of intervention may "cap" the yen's decline.
Litecoin jumps 30% from its lows: can an $80 breakout send LTC to $135?
Crypto prices
More
