The governance token DBR of deBridge has entered circulation and has been airdropped to 491,286 early users and loyal community members in the DeFi space.

DBR is an SPL token on Solana, with an initial circulation of 1.8 billion and a total supply of 10 billion. All airdrop recipients can choose to claim 50% at the token generation event (TGE), with the remaining 50% available after 6 months, or opt to claim 80% at TGE, but with a 20% penalty deducted.

Tokens for all strategic partners and core contributors will be locked until 6 months after TGE, at which point 20% will begin to unlock, with the remaining portion gradually unlocking quarterly over 3 years.

Trading has commenced at a price of $0.03/DBR (fully diluted valuation of $300 million), with trading occurring on-chain through the DBR/USDC Meteora pool, and listed on the following exchanges: Bybit, Kraken, KuCoin, Crypto.com, HTX, Bitget, Gate.io, BingX, Coinone, Backpack, Cube, BTSE, MEXC, Bitvavo, Zeta Markets, Bitrue, Bitmex, Drift, and Aevo.

The airdrop of deBridge is the first in the history of the crypto industry to be conducted simultaneously on-chain and off-chain, with deBridge collaborating with over 10 centralized exchanges, allowing users to directly claim tokens into their trading accounts at TGE. In fact, 10% of the airdrop was claimed through centralized exchanges, while the remaining 90% was claimed on-chain.

The token launch will mark a turning point for deBridge, transitioning from a technology-driven infrastructure project to a more complete and mature cross-chain financial ecosystem. This release signifies that deBridge has become the largest cross-chain bridge ecosystem, having collected over $13 million in fees, and has become one of the leading cross-chain bridges on Solana.

Looking ahead to future ecosystem development, deBridge has also outlined its planned direction: first, to support more blockchain networks, with plans to integrate additional blockchains such as Tron, expanding the scope of cross-chain interoperability and promoting greater connectivity among ecosystems; second, launching P2P functionality on the (DLN), allowing for more customized trading; additionally, developing gasless trading features aimed at reducing user transaction costs and enhancing user experience, making cross-chain trading more convenient and efficient; at the same time, expanding custodial services through the dePort custodial solution, supporting asset transfers across different chains, creating derivatives, with plans to initially enable custody for Bitcoin (BTC), allowing for native BTC trading on other chains.

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