Pump Science Completes Token Economics Design and Announces BIO Token Airdrop

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ChainCatcher
2 days ago
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According to a message from ChainCatcher, the decentralized research protocol Pump Science has announced a new token economic design and a BIO token airdrop plan. According to the official token economic whitepaper, 5% of the future token supply will be reserved for the migration of holders of previous tokens (such as RIF and URO).

The new token economic model adopts a customized bonding curve, with an initial market cap of around $5,000. When the liquidity reaches 85 SOL, it will migrate to the Meteora automated market maker. 82 SOL will be used for the liquidity pool, and 3 SOL will be invested in the first research experiment. The total supply is 800 million, of which about 50 million will be airdropped to ecosystem token holders based on a time-weighted average.

Regarding the BIO airdrop, the project team stated that they need to wait for the governance proposal to be passed to cross-chain BIO to Solana before executing the airdrop. The airdrop will be targeted at URO and RIF holders, but tokens held on centralized exchanges will not be eligible.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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