Bitcoin financial public chain Side Protocol announces $SIDE token economic model:

The Bitcoin financial public chain Side Protocol announced the $SIDE token economic model. The total supply of $SIDE tokens is 1 billion, with functions including protocol revenue value accumulation, payment of transaction fees, network security staking, and on-chain decentralized governance.

Token distribution includes: ecological reserve 20%, team 18%, community treasury 17%, public offering 15%, private offering 13%, liquidity 7%, and 10% airdropped to eligible active Bitcoin users, NFT communities, Cosmos communities, and testnet participants, etc.

$SIDE will initially be issued under the SPL standard on Solana, with the mainnet expected to launch in January 2025, at which point it can be converted to mainnet tokens and participate in staking and governance.

Side Protocol is the first fully Bitcoin-compatible Layer 1 blockchain, providing decentralized self-custody financial infrastructure, aimed at building a Bitcoin-centered global economy. (Join the VIP convoy, ride the waves together, and create brilliance!)#SIDE #BTC #layer1