deBridge unveils DBR governance token ahead of potential offering on Jupiter’s launchpad | Headlines | News | CoinMarketCap
05/21/2024 18:19
Cross-chain interoperability protocol deBridge has unveiled its DBR governance token ahead of a potential offering via Jupiter’s LFG launchpad. The …
Cross-chain interoperability protocol deBridge has unveiled its DBR governance token ahead of a potential offering via Jupiter’s LFG launchpad.
The Solana-based token will have a total supply of 10 billion tokens, designed to decentralize governance power to the community as control is passed over to a DAO, according to a statement shared with The Block. The goal is to make sure no single party can dominate or make decisions based on their own interests rather than those of the whole DAO, the team said.
deBridge token holders will be able to stake their DBR tokens to participate in DAO governance votes on protocol parameters, including the election of active validators, setting of minimum consensus thresholds, and the deployment and upgradeability of smart contracts. The DAO will also …