Foresight News reports that the AI data layer protocol Glacier Network has released the economic model for its governance token GLS. The total supply of GLS is 1 billion tokens, with an initial circulating supply accounting for 7.85% of the total. In the token distribution, 20% is allocated for incentivizing operational nodes, 30% for ecosystem development, and 19% is distributed to early supporters. Additionally, 6% is reserved for airdrops to reward users who contributed to the early development of Glacier.
Glacier will conduct a public sale through the Launchpad platform Fjord Foundry from December 11 to December 18, representing 6% of the total supply. This sale will follow a fixed price model. After the public sale ends, GLS will be listed on CEX on December 18 to support market liquidity.