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Lit Protocol announces LITKEY tokenomics, with 10% allocated for Airdrop.
Foresight News reports that the Web3 encryption network Lit Protocol has announced the tokenomics of LITKEY. The total supply of LITKEY tokens is 1 billion, of which 28% will be allocated to core contributors, 28% will be allocated to veLITKEY rewards, 19% will be allocated to early investors, 10% will be used for airdrop, 11% will be allocated to the Lit Association, and 4% will be used for Aerodrome voting incentives. All tokens for the team and venture capitalists will be locked for 1 year after the TGE, followed by a linear unlocking over 24 months.