PANews reported on December 11 that according to the Bluefin Foundation announcement, Sui's ecological decentralized perpetual contract protocol Bluefin has completed the genesis issuance of its native token BLUE, marking an important step towards decentralized governance. Bluefin has processed over $37.5 billion in transaction volume on the Sui Network, with a total locked value of $31.9 million, accounting for 72% of Sui's market share. The total number of BLUE tokens is 1 billion, with an initial circulation of 150.385 million, of which 52% is used for ecological growth (unlocked in 5 years), 28% is allocated to strategic participants (unlocked in 3 years, locked in the first year), and 20% is allocated to core contributors (also unlocked in 3 years). BLUE holders can participate in protocol governance, including proposals, voting and resource allocation, promote fee structure adjustments, and launch incentive plans.
As previously reported, DEX Bluefin will launch BLUE tokens: the maximum supply is 1 billion, 32.5% of which will be used for user incentives . Bluefin launched an airdrop qualification query portal and will airdrop 17% of BLUE tokens .
