Odaily Planet Daily News Base Ecosystem RWA Market Grand Base announced on X that its new token will be launched on June 18, and the exact time is yet to be announced. Earlier news, Grand Base announced the new token economics and will release a new contract restart token. The total supply and final supply of the new token are set at 25,000,000. Compared to the old token economics, this means a 50% reduction in the number of tokens, which are distributed as follows: - 6,720,000 tokens are used for community airdrops (accounting for 26.88%), especially former liquidity providers who suffered losses; the vesting period is 12 months, 0% is unlocked at the TGE, and 5% of the total allocation is unlocked each month; - According to the snapshot, 10,000,000 tokens (accounting for 40%) will be distributed for the protocol restart airdrop; the vesting period is 3 months, 16.65% is unlocked at the TGE, and then unlocked weekly; - 4 million tokens (accounting for 16%) will constitute the treasury to provide sufficient resources for future initiatives and the sustainability of the ecosystem; the vesting period is 12 months, of which 10% is unlocked at the TGE, and 10% of the total allocation is unlocked each month; - 3,000,000 tokens (accounting for 12%) are reserved for the Grand Base team; the vesting period is 12 months, there will be no initial unlocking at the TGE, and no monthly unlocking; - 1,180,000 tokens (accounting for 4.72%) will be distributed to MEXC holders, and the total amount of tokens will be minted and sent to MEXC members responsible for executing automatic redemptions to facilitate this distribution; 100% unlocked at TGE; -100,000 tokens (0.4%) will ensure initial liquidity paired with USDC on Aerodrome; 100% unlocked at TGE. Previously, in mid-April, Grand Base was hacked and lost about $1.7 million.