Plume Network Kicks Off TGE, Unveiling Its Utility Token PLUME

This modular blockchain is dedicated to real-world assets (RWAs), Plume Network has announced the launch of its PLUME token, which is now available on both major decentralized and centralized exchanges, including Bybit, Bitget, KuCoin, and Gate. 

PLUME serves as the utility token within the Plume Network ecosystem. The total supply is limited to 10 billion tokens, with an initial 20% made available for circulation. A significant 59% of these tokens is earmarked for the ecosystem's growth and development, while 20% is reserved for early contributors who believed in the project from the start. The remaining 21% is allocated to early backers who supported Plume's vision.

In preparation for Plume’s mainnet launch, the platform highlighted that 59% of the token supply is committed to community, ecosystem, and foundation projects. These tokens aim to facilitate a range of activities, including grants, marketing initiatives, community engagement, and rewards for validators, as well as enhancing liquidity. Specifically, the Community & Ecosystem portion will support projects currently underway and future initiatives aimed at growth. The Ecosystem Grants segment will finance innovative developments, improve infrastructure, and promote RWAfi adoption. The Plume Foundation will oversee the development of the Plume Network, ensuring the project continues to thrive. Additionally, 7% of the total token supply will be allocated for a Community Airdrop, aimed at rewarding early community members and enhancing network effects.

During the Token Generation Event (TGE), 20% of the tokens will be released into circulation, with the remaining 80% distributed through a structured vesting plan.

Plume Network Announces Opening of Claims for Season 1 Airdrop

Plume Network has now opened claims for its inaugural Airdrop Season 1, targeting participants within its community to distribute PLUME tokens. ecosystem While this first airdrop mainly rewards those who supported the project early on, there are plans for future distributions that will focus heavily on nurturing the Plume developer community, aiming for sustained engagement and growth.

Participants can now view their token allocations and select between two different claiming methods. The first option offers immediate claims, allowing tokens to be sent directly to the user’s chosen wallet. Those opting for this method will also receive a 33% bonus when the mainnet launches, with these additional tokens distributed within 90 days. The second option permits users to postpone their claim until the mainnet launches, during which they will benefit from a 66% reward boost instead. As with the first option, these bonuses will also be distributed within 90 days, with a quicker release for users taking an active role in the Plume Mainnet.

After successfully claiming their tokens, users have the chance to stake their PLUME airdrop tokens for an enticing 10% yield. To maintain this staking reward, the tokens need to stay staked until the launch of the Plume Mainnet. Notably, this staking reward is capped at 10% of the total airdrop allocation per individual. The initial staking period, lasting 14 days, is now active.

Plume is a public blockchain crafted to facilitate the adoption and integration of RWAs by focusing on efficiency, scalability, and development driven by market demand.