DuckChain Shares DUCK Tokenomics Ahead of TGE, Devotes 77% for Community and Ecosystem Growth

Consumer layer of The Open Network (TON), DuckChain The team has introduced the DUCK governance token to invigorate its ecosystem and facilitate mass adoption, with a detailed reveal of its tokenomics leading up to the key launch.

The DUCK token is designed to fulfill various critical roles; it will empower holders to take part in governance through AI-driven mechanisms, ensuring growth and inclusivity. Users will also be able to stake their DUCK tokens to support the network and earn rewards, thereby enhancing stability and participant involvement. Additionally, DUCK will serve as the currency for transaction fees, acting as the main medium for exchanges on DuckChain, streamlining payments for both users and developers with a cohesive gas model, while it empowers the broader DuckChain environment by supporting liquidity and interactions within decentralized applications (dApps).

As stated in the announcement, a significant 77% of all tokens will be directed towards community and ecosystem initiatives. This allocation comprises 50% reserved for airdrops, 3% for marketing campaigns, 4% for liquidity provisions, 20% aimed at ecosystem growth, and 10% set aside for future investors. Moreover, the team will receive 10%, and 3% will be available for advisors. The total DUCK token supply is capped at 10 billion tokens, with 59% designated for initial distribution.

The DUCK token will be a multi-chain asset. The first token generation event (TGE) will kick off on TON, followed by subsequent introductions on DuckChain post its public mainnet launch, Arbitrum, Base, and other platforms. The vision is to smoothly transition Telegram users into the cryptocurrency space. The token rollout will unfold over a span of 48 months, predominantly focusing on community allocations. There will be no token releases for the team, investors, or advisors during the initial 12 months.

For those awaiting the airdrop, all MiniApp users can currently verify their allocated amounts directly in the DuckChain MiniApp. They are able to claim their DUCK tokens through the OKX cryptocurrency exchange. Additionally, Web3 users who engaged with DuckChain via staking or bridging, as well as AI DAO Genesis members, will be able to check their airdrop allocations by January 13th.

The token will go live on January 16th, accessible through both centralized (CEXs) and decentralized exchanges (DEXs).

What Is DuckChain?

DuckChain is designed as a consumer-centric platform aimed at advancing the adoption of cryptocurrency, ensuring it is readily accessible to Telegram The vast network of users, made possible through technologies like AI, the Ethereum Virtual Machine (EVM), and more. Presently, DuckChain boasts over 20 million participants, with more than 2 million active users daily, and over 3 million paying customers. The platform has attracted investments from notable crypto venture capital firms, including dao5, Tandem by Offchain Labs, Kinetic, among others.

The platform recently launched its mainnet users can navigate the network and experience a mainnet event where they can earn various rewards, including Eggs, USDT, TON, NOT, and DOGS.