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Circle has distributed 10 billion ARC tokens to 11 addresses.
Mars Finance News, September 17: According to monitoring by Bubblemaps, Circle has completed the minting of 10 billion ARC tokens and distributed them to 11 addresses through a null address. They can now be tracked in real time on-chain.
Early this morning, the Arc team, a public blockchain under Circle, announced that the minting of ARC tokens had been completed, with a total supply of 10 billion. The team emphasized that ARC tokens have not yet been put into circulation, made available for trading or public use, or activated for staking, governance, fees, or utility functions.
According to the previously released white paper, the ARC token allocation is as follows: 60% to the ecosystem (token sales, developer grants, and network growth); 25% to Circle (protocol development, staking, and governance); and 15% to long-term reserves (strategic flexibility and economic stability).