According to Planet Daily, the collateral stablecoin protocol Raft launched its native token RAFT, which can be used for staking and governance. Token holders can provide liquidity in the Balancer pool and stake their Balancer liquidity pool tokens to obtain veRAFT. veRAFT holders can vote on protocol decisions.
The total amount of RAFT is 2.5 billion, with the specific distribution as follows: 1. Investors account for 25.91%; 2. Ecosystem and incentive mechanism account for 21.43%; 3. Team and consultants account for 19.16%; 4. Community accounts for 16%; 5. Treasury accounts for 15%; 6. CEX market-making funds account for 2.5%.
