PANews reported on November 1 that Bitcoin DeFi infrastructure bitSmiley is about to launch its governance token $SMILE, based on the ERC-20 standard, with a total supply of 210 million. The $SMILE token distribution is as follows: bitSmiley DAO accounts for 26%, user incentives account for 21.5%, the team and consultants account for 12.5%, staking and liquidity account for 12.5% and 7.5% respectively, and the rest is allocated to investors, airdrops and launchpads. The release rules include linear release after investors lock up for 150-180 days, linear release for 48 months after the team locks up for 2 years, etc. $SMILE holders can participate in decentralized governance, participate in surplus auctions, enjoy fee discounts, priority liquidation rights and bitUniverse staking income and other rights.
