Liquidswap will launch the token LSD on July 30, with 15% allocated for airdrops and staking rewards.

ChainCatcher news, Web3 product development studio Pontem tweeted that its DEX Liquidswap will launch the token LSD on July 30. 42 million LSD will be minted at genesis and will be available over 3 years. Of these, 40% of the tokens will be allocated to the community (15% will be used for airdrops and staking rewards), and the snapshot has been completed.

The initial allocation is as follows:

• 15% for airdrop + staking incentives;
• 16% allocated to the treasury, unlocking over 36 months;
• 8% for trading platform liquidity;
• 1% for IEO;
• 13.26% allocated to the founding team, with a 1-year cliff and a total vesting period of 3 years;
• 25.25% allocated to private investors from 2021;
• 21.49% allocated to private investors from 2023.