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Canton Wallet: The CC drip mechanism will gradually be closed and will be fully stopped on December 25.
Foresight News reports that the Canton Wallet developed by the wallet application Send has tweeted that the CC drip mechanism will gradually shut down and will be completely stopped by December 25. The official will reduce it by about 50% before December 3, by about 75% before December 10, by about 87.5% before December 17, and will completely stop by December 25. In addition, Canton Wallet will launch products including: Treasury (secure multi-signature asset storage), staking (supporting CC and SEND tokens), Pool Party (the first AMM decentralized exchange on the Canton network), and CUSD (privacy-first stablecoin). 30% of the application layer rewards will be reserved for community distribution, with 17,166,000 CC community rewards still in reserve. These rewards will be allocated to the staking program and future integration projects of Canton Wallet. Foresight News notes that the CC drip is a temporary reward mechanism in the Canton Network ecosystem, aimed at attracting user participation through small, continuous CC token rewards and strengthening the early development of the ecosystem.