PANews reported on August 26th that the interoperability protocol Union announced the economics of its U token, with a genesis supply of 10 billion and an initial circulating supply of 1.91905 billion (19.19% of the pre-inflation supply). Its ERC20 contract address is 0xba5eD44733953d79717F6269357C77718C8Ba5ed. The distribution of the 10 billion U tokens at genesis is as follows: 21.4% for strategic investors; 14.1% for the ecosystem; 20% for the foundation; 12% for community incentives; 12.5% for the DAO treasury; and 20% for core contributors. Of the 19.19% initial circulating supply, 11.19% will be allocated to the ecosystem and community through the Ecosystem Fund, DAO Treasury, and community incentives. The remaining 8% will be allocated to the Union Foundation, which is dedicated to supporting and developing the Union network. Union's annual token issuance rate is 6%, decreasing by 10% annually thereafter until it reaches 2%. This issuance rate is a fixed percentage and does not change based on the amount staked. Staking rewards will be calculated dynamically based on the proportion of tokens staked.PANews reported on August 26th that the interoperability protocol Union announced the economics of its U token, with a genesis supply of 10 billion and an initial circulating supply of 1.91905 billion (19.19% of the pre-inflation supply). Its ERC20 contract address is 0xba5eD44733953d79717F6269357C77718C8Ba5ed. The distribution of the 10 billion U tokens at genesis is as follows: 21.4% for strategic investors; 14.1% for the ecosystem; 20% for the foundation; 12% for community incentives; 12.5% for the DAO treasury; and 20% for core contributors. Of the 19.19% initial circulating supply, 11.19% will be allocated to the ecosystem and community through the Ecosystem Fund, DAO Treasury, and community incentives. The remaining 8% will be allocated to the Union Foundation, which is dedicated to supporting and developing the Union network. Union's annual token issuance rate is 6%, decreasing by 10% annually thereafter until it reaches 2%. This issuance rate is a fixed percentage and does not change based on the amount staked. Staking rewards will be calculated dynamically based on the proportion of tokens staked.
Union Announces U Token Economics: Community Incentives Account for 12%
PANews reported on August 26th that the interoperability protocol Union announced the economics of its U token, with a genesis supply of 10 billion and an initial circulating supply of 1.91905 billion (19.19% of the pre-inflation supply). Its ERC20 contract address is 0xba5eD44733953d79717F6269357C77718C8Ba5ed. The distribution of the 10 billion U tokens at genesis is as follows: 21.4% for strategic investors; 14.1% for the ecosystem; 20% for the foundation; 12% for community incentives; 12.5% for the DAO treasury; and 20% for core contributors.
Of the 19.19% initial circulating supply, 11.19% will be allocated to the ecosystem and community through the Ecosystem Fund, DAO Treasury, and community incentives. The remaining 8% will be allocated to the Union Foundation, which is dedicated to supporting and developing the Union network. Union's annual token issuance rate is 6%, decreasing by 10% annually thereafter until it reaches 2%. This issuance rate is a fixed percentage and does not change based on the amount staked. Staking rewards will be calculated dynamically based on the proportion of tokens staked.
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