Supra, a blockchain oracle project, has revealed its plan to hold a public sale for its SUPRA tokens. This sale is scheduled for October 25 at 3:00 PM and aims to encourage more people to participate in the blockchain network. They will offer 50 million SUPRA tokens.
In the beginning of the Token Generation Event (TGE), investors will receive 10% of the tokens immediately. Afterward, the remaining 90% of tokens will be distributed gradually over the course of the next 18 months.
With 5% released each month and makes the SUPRA token sale accessible to investors, with a minimum investment requirement of $200, and there’s no maximum limit.
Additionally, Supra has a well-thought-out plan for distributing the remaining 10 billion SUPRA tokens:
Validators will receive 21% of the tokens as block rewards over a long period of 15 to 21 years. This is designed to enhance the security of the Oracle network.
The Foundation will get 17% of the tokens, and this will be used for developing and nurturing the Supra ecosystem and Web3 data. The distribution will happen over seven years, starting with a 6-month waiting period and then unlocking every quarter.
The founders and consultants will receive 16% of the tokens. This includes a waiting period of 12 months with an annual release rate of 20% of the tokens will be given out each year for the first two years, and then 30% each year for the next two years.
The allocation for exchange liquidity 3.85% of the tokens will be set aside and will be used as needed.
Various methods will be used to distribute tokens in pre-seed rounds, seed rounds, strategic rounds, and other allocation categories.
In summary, Supra is conducting a token sale to make its blockchain project more accessible, and they have a well-structured plan for how the tokens will be distributed among different stakeholders in the ecosystem.
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