Timeswap releases token economics: TIME total supply is 1.75 billion, with 50% allocated to the community

ChainCatcher news, the lending protocol Timeswap has released the TIME token economics, with a total supply of 1.75 billion tokens and an initial circulation of 20% (10% airdrop + 10% community round).

In the token distribution, 50% is allocated to the community; 20% is allocated to the team, locked for 12 months, unlocking over 36 months; 15% is allocated to investors, locked for 6 months, unlocking over 24 months; and 15% is allocated to the treasury for future ecosystem development, liquidity provision / market making, etc.

Timeswap has stated that a community sale will be held on Fjord Foundry, with details to be announced in the coming days.