According to Foresight News, DeBox, a Web3 social tool based on DID, announced the BOX token economics. The total amount of BOX tokens is 1 billion, of which 5% will be used for airdrops, 20% will be allocated to the foundation, 35% will be used for ecosystem rewards (DeBox Procotol users and DeBox NFT holders), 1% will be used for marketing activities, 20% will be allocated to investors (released within 24 months after TGE), 17% will be allocated to the team (released within 48 months after TGE), and 2% will be used for liquidity. Currently, vDBX tokens can be claimed for BOX at a ratio of 1:1, and the claim page will be released soon.
Foresight News previously reported that DeBox has completed a total of US$2 million in seed round financing, led by Singapore Web3 Fund ABCDE Capital.
