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A well-known social platform in Taiwan has released a governance token with a total supply of 625 million coins to be distributed in phases.
A well-known social platform in Taiwan announced the launch of its governance token on October 6, with a total supply of 625 million tokens.
The allocation plan announced by the platform shows that 25 million Tokens will be used for the governance of the decentralized autonomous organization (DAO), team development, and other incentives. An additional 60 million will be allocated to community members and influential opinion leaders. The remaining 540 million Tokens are planned to be distributed to ordinary investors on October 15 through the initial Token exchange (FSE) and subsequent Token exchange (SSE).
It is reported that investors can obtain this newly issued governance token on certain decentralized finance platforms. This initiative aims to enhance community engagement and provide more autonomy for the future development of the platform.