JOJO Announces Token Distribution Plan and TGE on July 29

Bittime - JOJO has announced a token distribution plan with TGE which is scheduled for July 29. What are the distribution details for this JOJO token? Come on, find out by reading this article to the end!

JOJO Token Distribution

Source: JOJO

Following are the details of JOJO token distribution.

1. Investor:
   • 4% of total tokens will be given to investors.
   • 0.2% will be released on TGE.
   • Remaining tokens will be distributed monthly at a rate of 0.317% for the next 12 months.
2. Long Term Investors:
   • 4% of total tokens will be allocated to long-term investors.
   • 0.5% will be distributed every quarter for 24 months after TGE end.
3. Tim:
   • 15% of total tokens will be allocated to teams.
   • This token will be locked for 1 year.
   • After the lockup period, tokens will be distributed monthly at a rate of 0.625% for the next 24 months.
4. DODO Token Holders and Users:
   • 10% of total tokens will be allocated to DODO token holders and DODO users.
   • These tokens will be released in various ways to ensure wide distribution.
5. Retroactive Airdrop:
   • 8% of total tokens will be allocated for retroactive airdrop.
   • These tokens will be distributed during TGE.
6. The Future of Ecosystems:
   • 59% of total tokens will be used for future airdrops, liquidity incentives, and ecosystem building.

The Role of JOJO Token in the Ecosystem

The JOJO token will serve as the governance token for the JOJO platform, allowing users to manage the future release of JOJO tokens and all associated risk parameters. 

Users can also earn rewards through governance activities, which will encourage active participation and support for the development of the platform.

Preparation for TGE JOJO

JOJO's TGE is scheduled for July 29, 2024, which will be an important moment for JOJO and its community. During TGE, a small portion of tokens will be released to investors, users and retroactive airdrop participants. 

This TGE will mark the start of a phased token distribution designed to ensure that JOJO tokens are distributed in a way that encourages growth and active participation.

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