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TRX $0.3308 -0.65%
DOGE $0.0698 +0.96%
ADA $0.1784 -0.41%
BCH $204.37 +0.68%
LINK $9.44 +6.94%
HYPE $56.13 +0.04%
AAVE $86.36 +0.90%
SUI $0.6824 +0.98%
XLM $0.1577 -0.87%
ZEC $488.90 +1.09%

NFTfi announces token economics: total supply of 2 billion tokens, planned to open the claiming portal at the end of April

2024-04-10 08:16:45

ChainCatcher news, the peer-to-peer NFT lending protocol NFTfi Foundation has announced the tokenomics of its governance token NFTFI, with a total supply of 2 billion (ERC-20), an initial circulating supply expected to be 220 million, and the NFTFI claim portal expected to open later in April. The details are as follows:

  1. Community and rewards (25% -- 500,000,000 NFTFI);
  2. Foundation and ecosystem (23.3% -- 465,952,487 NFTFI);
  3. Early strategic supporters and strategic supporters (15.2% + 20.4% -- 712,356,127 NFTFI);
  4. Core contributors (16.1% -- 321,691,386 NFTFI).

In addition, the NFTfi Foundation also stated that it will soon announce and establish the NFTfi Council as the first step towards a decentralized governance system.

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