The general application layer protocol Skate announces its token economics: an initial total supply of 1 billion tokens, with 10% allocated for airdrops

ChainCatcher news, according to official information, the universal application layer protocol Skate has officially announced its token economic model today. According to the official disclosure, the initial total issuance of the native token SKATE is 1 billion tokens, of which 45.5% will be allocated to the community, 18% for ecosystem development and reserves, and 10% reserved for the team. Notably, the project team has also set aside 10% of the tokens for initial airdrop rewards.

The SKATE token will serve as the fundamental functional token of the protocol, while also taking on governance functions.