Web3 social platform DeBox announced $BOX tokenomics along with its airdrop plans as the native token BOX will be used for paying within the DeBox ecosystem.
As per its announcement, the total supply of $BOX will be distributed for several purposes. 20% of the token will be allocated for the foundation, 35% will be allocated for ecosystem incentives.
The airdrop plans have not been overtly disclosed, however, it will include 5% of the total token allocation, along with launch marketing, which will include 1 % of the supply.
20% of the total token supply will be released for investors in 24 months after the token generation event.
Meanwhile, 17% will be released in 48 months after the TGE.
2% of the token supply will be allocated for liquidity purposes and will be released on TGE.
The social platform also informed that vDBX could be claimed to $BOX at 1:1 ratio, and the claim page will be released soon.
As for its use-cases, $BOX is considered as a basic payment method on DeBox, including game items, pre-market, features etc. $BOX could be used as collateral against loans in DeLend protocol. $BOX is not just the governance token of the DeBox ecosystem, its total supply will go down in accordance with its activity.
