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Supra, a oracle project, will conduct a public sale at 3:00 PM on October 25th.

2023-10-23 13:20
BlockBeats reported on October 23rd that the oracle project Supra announced that it will conduct a public sale on October 25th at 15:00. 50 million SUPRA tokens will be available for public purchase, and buyers need to invest at least $200 with no maximum limit. During the TGE phase, investors can immediately receive 10% of the tokens, followed by a monthly release of 5% for the next 18 months. According to official documentation, the total supply of SUPRA tokens is 10,000,000,000 (10 billion). In addition, the remaining distribution of SUPRA tokens is as follows: - Block rewards (21%): distributed to validators to ensure the security of the oracle network, with a distribution period of 15-21 years. - Foundation (17.00%): used to develop and cultivate the Supra and Web3 data ecosystem, with a distribution mechanism including a 6-month cliff and quarterly unlocks over 7 years. - Founders, team, future employees, and advisors (16.00%): distribution mechanism includes a 12-month cliff, followed by a release of 20% for the first two years and 30% for the next two years (released quarterly). - Exchange liquidity (3.85%): deployed as needed. - Pre-Seed round, Seed round, Strategic round, etc., each with a different distribution mechanism.
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