deBridge's Governance Token DBR Launches with Airdrop

The governance token for deBridge, DBR, was launched with an airdrop distributed to 491,286 early users and loyal community members.

• The token, rooted in the Solana blockchain, starts with an initial circulation of 1.8 billion tokens from a maximum supply of 10 billion. Recipients can claim their tokens in two phases, which imposes a penalty on early full withdrawal.
• Trading for DBR began at $0.03 per token, targeting a fully diluted valuation of $300 million.

Airdrop Details

All recipients of the airdrop can claim either:

• 50% at the token generation event (TGE),
• 50% six months later,
• or 80% at TGE minus a 20% penalty.

Overview of DBR Token

DBR is classified as an SPL token on the Solana blockchain. Trading opened at $0.03/DBR and is facilitated in a DBR/USDC Meteora pool - a decentralized exchange on Solana.

Future Plans

The deBridge project is expected to enhance governance features and may introduce staking options in the future.

Insights on Airdrops

An airdrop is automatically distributing tokens to users based on interaction with a project. This includes metrics such as trading volumes or number of trades executed.

Since April 2023, deBridge has facilitated over $3.3 billion in bridged volume between Solana and Ethereum alone, generating substantial revenue for the platform.