deBridges governance token DBR is now live and airdropped to 491,000 wallets

deBridge’s governance token DBR has entered circulation and has been airdropped to 491,286 early users and loyal community members in the DeFi space.

DBR is the SPL token on Solana, with an initial circulation of 1.8 billion and a total supply of 10 billion. All airdrop recipients can choose to receive 50% at the Token Generation Event (TGE) and the remaining 50% after 6 months, or choose to receive 80% at the TGE, but a 20% penalty will be deducted.

The tokens of all strategic partners and core contributors will be locked until they are unlocked 6 months after TGE (20% will be unlocked, and the rest will be unlocked gradually on a quarterly basis over 3 years).

Trading has started at $0.03/DBR ($300M fully diluted valuation), trading on-chain via the Meteora pool for DBR/USDC, and listed on the following exchanges: Bybit, Kraken, KuCoin, Crypto.com, HTX, Bitget, Gate.io, BingX, Coinone, Backpack, Cube, BTSE, MEXC, Bitvavo, Zeta Markets, Bitrue, Bitmex, Drift, and Aevo

deBridges airdrops are conducted both on-chain and off-chain. deBridge has partnered with more than 10 centralized exchanges to allow users to directly receive tokens to their trading accounts during TGE. In fact, 60% of airdrops are received through centralized exchanges, and the remaining 40% will be received on-chain.

The token launch will be a turning point for deBridge, gradually moving from a technology-driven infrastructure project to a more complete and mature cross-chain financial ecosystem. The launch marks that deBridge has become the largest cross-chain bridge economy , collecting more than $13 million in fees and becoming one of Solana’s leading cross-chain bridges.

Looking forward to the future development of the ecosystem, deBridge has also formulated a plan direction: first, support more blockchain networks, plan to integrate more blockchains such as Tron, etc., expand the scope of cross-chain interoperability, and promote the interconnection of more ecosystems; secondly, launch the P2P function on (DLN), allowing more customized transactions; in addition, develop gas-free transaction functions, strive to reduce users transaction costs, improve user experience, and make cross-chain transactions more convenient and efficient; at the same time, expand custody services, support the transfer of assets between different chains through the dePort custody solution, create derivatives, and plan to enable custody for Bitcoin (BTC) first, allowing native BTC transactions on other chains.