Cross-chain interoperability protocol Owlto announces tokenomics, initial circulation 16.5%

Odaily Planet Daily reports that Owlto Finance, an intent-centric cross-chain interoperability protocol, announced today the OWL token economic model. The official statement says that OWL will serve as the core token of the multi-chain interoperability ecosystem, used for protocol governance, revenue sharing, and cross-chain transaction fee discounts, driving the free flow of users, builders, and assets across networks.

Its initial circulating supply is 16.5%. Of which 15% will be used for airdrops, 22% for the community, 10.33% for the ecosystem, 2.5% for the market, 7.5% for liquidity provision, 7% for exchange airdrops, 15.67% allocated to investors, 15% to the team, and 5% to advisors. Tokens for the team, investors, and advisors are all subject to a 12-month lock-up period.