Summary
- STABLE announced the total supply of the STABLE token is fixed at 100 billion.
- It said that 10% of the total tokens will be used for liquidity bootstrapping and community genesis allocation, and 40% will be allocated to developer grants and partnerships.
- It is currently in the mainnet deployment preparation stage, and said a concrete schedule remains undisclosed.
STABLE, a layer-1 blockchain specialized in stablecoins (crypto assets pegged to fiat currency), has revealed the tokenomics of its native token.
On the 3rd (KST), according to crypto-focused outlet The Block, STABLE published basic information about the 'STABLE' token on its blog.
The total supply of STABLE tokens is fixed at 100 billion, and the consensus algorithm 'STABLE BFT' will be applied. STABLE will use 10% of the total tokens for genesis allocation for liquidity bootstrapping and expanding community participation, and 40% will be allocated to developer grants and partnerships.
STABLE is currently in the mainnet deployment preparation stage, carrying out validator onboarding and developer tooling integration. A concrete schedule has not been disclosed, but it plans to launch in phases starting with activating tokenholder governance.
Uk Jin
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