Today, the Web3 social project DeBox announced a new token economic model, and TGE is imminent. Let's compare the token model in the previous white paper to see what updates are there👇

🟩1. First, the old version:

Team - 20%

Institutions (investors) - 20%

Airdrops - 5%

DeBox Foundation - 55%

🟩2. Next is the new version👇

Team - 17%

Institutions (investors) - 20%

Airdrops - 5%

Foundation - 20%

Eco-incentives - 35%

Listing and marketing - 1%

Market making - 2%

🟩There are two updates

1⃣ The previous allocation of more than half of the foundation shares is more detailed

55% = 20% foundation + 35% ecological incentives

More than one-third (35%) of the shares are used to incentivize the ecology, which is still a very large proportion. The large incentive range can keep the DeBox ecology more vibrant and vigorous.

TGE is just the beginning.

2⃣ Team share concession 20%→17%

1% of the listing marketing and 2% of the market making are deducted from the team share. Although 3% is not a large proportion, it at least reflects an attitude:

The team is confident that DeBox can form a stable and healthy revenue model in the future, and has the confidence to reduce the share, rather than relying on the listing to smash the market.

The pattern explains everything.

🟩What a coincidence

Just today, Friend Tech, the once popular project of SocialFi, announced that the platform has been "basically closed" after the developers gave up control of the smart contract.

The old king is dead, and the new king should be established?