deBridge Foundation: Plans to launch LFG Launch tomorrow

ChainCatcher news, the deBridge Foundation announced on platform X that it plans to launch LFG Launch at 8:00 UTC on October 15.

ChainCatcher previously reported that the deBridge Foundation announced on social media that it will fairly issue DBR tokens through the LFG (Launch Fair and Grow) mechanism on Jupiter Exchange. This issuance aims to allow real users rather than MEV bots to participate in the bidding process. DBR will be issued at a fixed price of $0.025, with a maximum investment limit of $25,000 per eligible address. A total of 200 million DBR (2% of the total supply) will be issued, with a total investment cap of 5 million USDC.

In addition, deBridge will provide 3 million USDC and 100 million DBR as liquidity owned by the protocol in the Meteora AMM pool, with an initial trading price of $0.03. 50% of DBR will be claimable at the token generation event (TGE), and the remaining 50% will be unlocked after 6 months.