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Lit Protocol announces LITKEY tokenomics: 4.8% for ecological Airdrop
Mars Financial News, according to the official announcement of Lit Protocol, LITKEY will serve as its native Token, used for Payment Network services, incentivizing Node operators, and participating as a governance Token in protocol development. LITKEY will be Airdropped to early ecosystem builders, Testnet Node operators, etc., before the launch on Lit V1 Mainnet Naga. The total supply distribution of LITKEY is as follows: Investors and team Tokens need to be locked for one year and linearly unlocked over four years, with 4.8% allocated for ecosystem Airdrop, the rest distributed to public sale, private sale, and ecosystem incentives. Naga Mainnet will introduce a decentralized app store, new Signature Algorithm, and optimized payment methods to enhance performance and scalability.