Gearbox: GEAR has almost reached a state of full practical circulation
The decentralized leverage protocol Gearbox announced in a post on X that GEAR has almost entered a fully practical circulation state, with the freely circulating volume reaching its maximum. This is because 40% of the token shares are within the DAO and do not belong to anyone. They will only be used for various donation and funding programs at an annual rate of 3%, which is even lower than the common staking inflation rate of Layer1.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Suntex retires 50 million common shares, cutting outstanding count to 721,550,223
US natural gas prices ride a "roller coaster"! Pipeline leak triggers a 9% surge before falling back; market expects supply disruption to be brief
U.S. natural gas futures turned lower on Friday, giving back part of the previous session’s sharp gains.
Cathie Wood Takes ARK Venture Fund Onchain With Securitize
Crypto prices
More
