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- DeBridge distributed DBR tokens to 491,000 wallets, offering recipients flexible claiming options during the TGE.
- The DBR token launch will use a fair issuance mechanism, releasing tokens gradually over three years post-launch.
With its recent revelation of a large airdrop of DBR tokens being sent to 491,000 wallets, DeBridge has created waves. Comprising 10 billion tokens overall and an initial circulating quantity of 1.8 billion, the DBR token is an SPL token on the Solana blockchain.
Two claiming choices are offered to the airdrop receivers. Either they can choose to claim 80% upfront but with a 20% penalty or collect 50% of their tokens at the Token Generation Event (TGE) and the remaining 50% six months later.
DBR Token Launch Promises Stability and Community Involvement
DBR coins have been launched on October 17, 2024, and have attracted a lot of interest. About 10% of the airdrop is claimed through centralized exchanges; the remaining 90% is claimed on-chain.
Within the decentralized finance (DeFi) ecosystem, DeBridge’s emphasis on guaranteeing justice and maximizing community involvement—which has been key to its purpose—is highlighted by this distribution approach.
The DBR launch distinguishes itself by its incorporation into the Jupiter LNG (Launch Fair and Grow) system. Beginning at a fixed price of $0.025, the token will have a maximum of $25,000 per qualified address.
Along with a 200 million token total scheduled issue at the launch, this strategy is meant to limit price fluctuation and offer consistent growth. Starting six months following the TGE, the remaining 82% of the total DBR supply will be progressively delivered over three years as part of the launch under quarterly locks.
More broadly, DeBridge’s creations go beyond mere token distribution. Thanks to its effective cross-chain transaction models, its bridging technology has become popular mainly on Solana.
Meanwhile, the broader Solana ecosystem has seen significant movement. CNF previously reported that 178,000 SOL, worth $28 million, was recently redeemed and moved out of the Solana Proof-of-Stake network. This development corresponds with claims that FTX is getting ready to pay back unhappy clients, which raise questions on changes in liquidity.
Some victims have claimed that by selling 30 million SOL at a significant discount, FTX bankruptcy lawyers favored particular clients—especially venture capital companies—while neglecting other victims.
Furthermore, CNF has highlighted a positive estimate from Standard Chartered Bank, which projects a possible five-fold rise in Solana’s price by the end of 2025 depending on Donald Trump winning the forthcoming U.S. presidential election.
Meanwhile, SOL is trading at around $153.61 at the time of writing, showing a slight 0.64% increase over the last 24 hours and an amazing 8.63% up over the last seven days.
