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Waves founder: Units.network ecosystem governance token is planned to be launched in September

CointimeCointime2024/07/04 10:49
By:Cointime

Sasha.waves, founder of Waves, revealed some of the token economics of the Units.network sidechain network on the X platform. Units.network is an EVM sidechain ecosystem launched on the Waves blockchain, and the upcoming blockchain is Unit0, whose native token will also serve as the governance token for the entire ecosystem. All sidechains and Waves itself are supported by a mining community, and Waves miners will also receive sidechain tokens as rewards. In addition, the Unit0 token is planned to launch in September, and members of the Waves community, participants in the testnet and TVL activities, miners, and seed round investors will receive token distributions. Many members of the Waves community hold L2MP tokens, which they obtain by exchanging USDN (XTN) for the tokens. L2MP holders will be able to periodically claim Unit0 tokens by staking their L2MP tokens.

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