The deBridge governance token DBR has begun circulation, and 491,286 early users and loyal members of the DeFi community will receive airdrops.
DBR is the SPL token on the Solana chain, with an initial circulation of 1.8 billion and a maximum supply of 10 billion. All airdrop recipients have two options:
1. You can choose to receive 50% of the tokens at TGE and the remaining 50% after six months;
2. Or if you choose TGE, you can receive 80% of the tokens at one time, and the remaining 20% of the tokens will be deducted and cannot be obtained.
It should be noted that the tokens of all strategic partners and core contributors will be locked and cannot be vested until six months after the end of the TGE (20% of the tokens can be unlocked, and the remaining tokens will be unlocked quarterly, with a vesting period of three years).
The DBR token opened at $0.03, which means that the fully diluted market capitalization of DBR is $300 million. DBR can be traded on the on-chain DBR/USDC Meteora pool and also supports CEX trading. The exchanges currently listed include: Bybit, Crypto.com, Bitget, Coinone, HTX, Bitvavo, Backpack, KuCoin, Bitvavo, Aevo, BitMEX, Cube, MEXC, Drift, Zeta Markets, Gate and Kraken.
The deBridge airdrop is also the first cryptocurrency airdrop to support both on-chain and off-chain custody. It has reached cooperation with multiple centralized exchanges, allowing users to claim tokens directly in TGE's trading account. In fact, about 60% of the entire airdrop tokens can be claimed from CEX, while the remaining 40% of the tokens will be claimed on the chain.
deBridge has become one of the largest bridge economies in the crypto market and one of the core bridge services in the Solana ecosystem, with fee revenue exceeding $13 million.