Cross-chain interoperability protocol Owlto announces tokenomics, with an initial circulating supply of 16.5%.
TL;DR
Owlto Finance unveils OWL tokenomics for its cross-chain protocol, with an initial circulating supply of 16.5%. The token supports governance, revenue sharing, and fee discounts, with allocations for airdrops, community, and locked team/investor tokens.
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According to Foresight News , Owlto Finance, an intent-centric cross-chain interoperability protocol, today announced its OWL token economic model. The official statement indicates that OWL will serve as the core token of the multi-chain interoperability ecosystem, used for protocol governance, revenue distribution, and cross-chain fee discounts, driving the free flow of users, builders, and asset liquidity across the network.
Its initial circulating supply is 16.5%. Of this, 15% will be used for airdrops, 22% for the community, 10.33% for the ecosystem, 2.5% for the market, 7.5% for providing liquidity, 7% for exchange airdrops, 15.67% for investors, 15% for the team, and 5% for advisors. Team, investor, and advisor tokens all have a 12-month lock-up period.