Ink Foundation announces plans to launch INK token, with a total supply of 1 billion tokens

based on the Optimism superchain, the Ethereum Layer2 blockchain Ink Foundation announced plans to launch the INK token, with a total supply of 1 billion tokens. The issuance date and other details will be announced later. The token supply will be permanently capped and will not change due to governance. The INK token will not participate in the governance of Ink Layer2. These parameters will remain unchanged as part of the Optimism superchain. The first use case of the INK token will be built around a liquidity protocol supported by Aave. By supporting the liquidity protocol, the Ink Foundation aims to create a platform for on-chain users and developers to centralize liquidity.

The Ink Foundation stated that to reward early usage, the INK token will be distributed to participants of the liquidity protocol through airdrops. The Ink Foundation will adopt industry best practices to guard against witch attacks, limit airdrop mining behavior, and maximize the fairness of the distribution.