Union announces U tokenomics, with 12% allocated for community incentives

ChainCatcher News, according to official sources, the interoperability protocol Union has announced the tokenomics of the U token. The initial total supply is 10 billions, with an initial circulating supply of 1,919,050,000 tokens (accounting for 19.19% of the pre-inflation total), distributed as follows:

Strategic investors: 21.4%; Ecosystem: 14.1%; Foundation: 20%; Community incentives: 12%; DAO treasury: 12.5%; Core contributors: 20%.

Union will launch with an annualized token inflation rate of 6%, which will decrease by 10% each year until it reaches 2%. This inflation rate is a fixed percentage and will not change based on the amount staked.