Dolomite to launch DOLO tokens on Berachain, 20% of total supply airdropped to community members

PANews reported on January 6 that the lending protocol Dolomite announced that the generation event of its native token DOLO will be held shortly after the launch of the Berachain mainnet. Dolomite plans to distribute 20% of DOLO tokens to the community through airdrops to encourage user participation and promote the development of the protocol. The specific distribution is as follows:

1. Platform users (9%) : Reward users who use Dolomite for lending over a long period of time, allocating 50% DOLO and 50% veDOLO locked for two years.

2. Community Contributors (1%) : allocated to contributors such as security researchers, integration developers, dashboard creators, etc.

3. Minerals holders (10%) : Provide DOLO option airdrops. Holders can purchase DOLO at a price of $0.045 for initial liquidity construction of the protocol.

The DOLO token will form a complementary mechanism with veDOLO and oDOLO, support protocol governance, liquidity incentives and profit distribution, and further promote Dolomite's innovation and ecological development in the DeFi field.