Grand Base announces new token economics: total supply of 25 million, 40% for restart airdrop, 26.88% for community airdrop

Grand Base, a market within the Base ecosystem, announced a new token economics and will release a new contract to restart tokens.

The total and final supply of the new token is set to be 25,000,000. Compared to the old token economics, this means a 50% reduction in the number of tokens, with the specific allocation as follows:

-6,720,000 tokens will be used for community airdrops (26.88%), especially for former liquidity providers who suffered losses; the vesting period is 12 months, with 0% unlocked at TGE and 5% of the total monthly allocation unlocked each month;

-10,000,000 tokens (40%) will be distributed for the protocol restart airdrop based on the snapshot; the vesting period is 3 months, with 16.65% unlocked at TGE and unlocked weekly thereafter;

-4,000,000 tokens (16%) will form the treasury, providing sufficient resources for future initiatives and the sustainability of the ecosystem; the vesting period is 12 months, with 10% unlocked at TGE and 10% of the total monthly allocation unlocked each month;

-3,000,000 tokens (12%) will be reserved for the Grand Base team; the vesting period is 12 months, with no initial unlock at TGE and no monthly unlocks;

-1,180,000 tokens (4.72%) will be allocated to MEXC holders, and the total tokens will be minted and sent to the MEXC members responsible for executing automatic conversion to facilitate this distribution; 100% unlocked at TGE;

-100,000 tokens (0.4%) will ensure initial liquidity pairing with USDC on Aerodrome; 100% unlocked at TGE.