As per Bijiwang, Stable, a blockchain platform backed by Tether and Bitfinex, has revealed the tokenomics model for its fixed-supply STABLE token, which totals 10 billion tokens. The token will secure the network via a delegated proof-of-stake mechanism and support governance voting, but will not be used for transaction payments, which will be settled in USDT. Token allocations include 40% for developer funding, 25% for the team and early investors, and 10% for genesis token distribution. Staking rewards will be sourced from network fees denominated in USDT. The platform also announced the successful completion of its second pre-funding round, with over 10,000 wallets contributing more than $1.1 billion.
Stable Announces Tokenomics Model Before Mainnet Launch
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