General Application Layer Protocol Skate Announces Tokenomics: Initial Total Supply of 1 Billion Tokens, Airdrop Accounts for 10%
According to official news, the general application layer protocol Skate officially announced its token economic model today. As disclosed by the officials, the initial total issuance of the native token SKATE is 1 billion, of which 45.5% will be allocated to the community, 18% for ecosystem development and reserves, and 10% reserved for the team. Notably, the project team has also allocated 10% of the tokens for initial airdrop rewards.
The SKATE token will serve as the fundamental functional token of the protocol, while also undertaking governance functions.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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