Orbit releases GRIFT token economics, including details on lock-up and buyback

ChainCatcher news, Orbit releases GRIFT token economics. The 12% of tokens held by the team will be allocated as follows: liquidity pool (2%), fund reserves (5%), community (2%), and team and investors (3%). The liquidity pool has been fully released; fund reserves will be released at a rate of 1% per month over the first five months; community tokens will be released linearly each month until completed within a year; team and investor tokens will be released in one lump sum after a 12-month lock-up period.

In addition, 30%-50% of the project's monthly net income will be used to purchase stablecoins and mainstream cryptocurrencies, and the repurchased tokens will be distributed to long-term holders and stakers.