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Doppler Finance is preparing to launch its native token, XDP. According to the company’s statement, XDP is designed as a utility and governance token to be used in the coordination layer of the protocol.
Doppler Finance stated that XDP aims to increase user participation in the protocol, support decentralized governance, and contribute to the growth of the ecosystem. The total supply of XDP will be limited to 10 billion tokens. More than half of the supply will be allocated to areas such as ecosystem development, vaults, partnerships, and community growth.
It was announced that the shares allocated to investors in the token distribution will be subject to certain lock-up and vesting conditions. This aims to prevent all investor tokens from being released to the market at once and to encourage long-term participation.
During XDP’s token generation event (TGE), 1% of the total supply will be distributed in an unlocked state. The distribution, which will be carried out as part of the Genesis airdrop, will include early adopters, contributors, and participants supporting the Doppler Finance ecosystem.
In addition, 43% of the total supply will be allocated to ecosystem incentives. This share will be used to support future Doppler Points seasons, XDP staking activities, and community programs.
Doppler Finance’s token economy is structured to encourage user participation and the long-term development of the protocol, with a high level of ecosystem allocation being noteworthy. The Genesis airdrop will allow early users to directly benefit from the token launch.
With the launch of XDP, Doppler Finance plans to shape its governance mechanism and user incentives around its native token. More information regarding the launch date and technical details of the distribution is expected to be shared later.
*This is not investment advice.
Source: cryptonews.net