Recently, I noticed that the L1 chain Stable, backed by Tether, has finally revealed how its native token, STABLE, will work.
First, the total supply—100 billion tokens, strictly capped with no further issuance. Interestingly, this token won’t be used for gas fees, meaning you don’t need to burn it as a transaction fee when using the chain.
The distribution plan is fairly standard: 10% for early-stage launch, mainly allocated to liquidity pools, community bootstrapping, and some strategic partnerships; the bulk—40%—is designated for ecosystem development, including developer grants, market maker incentives, and partner onboarding. Basically, all necessary areas are covered.
As for the team’s allocation, the announcement didn’t specify the exact percentage—either the details are still being finalized, or they intentionally released partial information to gauge community reaction. But given Tether’s backing, it’s unlikely the next steps will be small-scale.
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OffchainWinner
· 4h ago
Not disclosing the team allocation? I've seen this trick many times—just dropping half a message to keep us hanging.
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SandwichTrader
· 4h ago
Whoa, the chain backed by Tether is finally getting serious. The no gas fee setup is pretty interesting.
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BearMarketSurvivor
· 4h ago
Sigh, it's the same old trick again. Just because Tether is backing it, we have to rush in? Let's wait and see the team's tokens first.
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DeFiVeteran
· 4h ago
100 billion tokens with no additional issuance—this move I like. But not burning Gas is a bit outrageous. How will they maintain network security?
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The chain backed by Tether is finally showing some activity. I'll wait to see the team's token allocation ratio before trusting it.
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This distribution method looks like a template for new projects at first glance. Trying to build scale with just 40% for ecosystem development? Let's wait and see.
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The design of tokens that don't burn Gas is interesting, but I'm worried it might just turn into another way to fleece retail investors.
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The team's token allocation isn't clearly stated, which says a lot. Just waiting for the price to crash.
Recently, I noticed that the L1 chain Stable, backed by Tether, has finally revealed how its native token, STABLE, will work.
First, the total supply—100 billion tokens, strictly capped with no further issuance. Interestingly, this token won’t be used for gas fees, meaning you don’t need to burn it as a transaction fee when using the chain.
The distribution plan is fairly standard: 10% for early-stage launch, mainly allocated to liquidity pools, community bootstrapping, and some strategic partnerships; the bulk—40%—is designated for ecosystem development, including developer grants, market maker incentives, and partner onboarding. Basically, all necessary areas are covered.
As for the team’s allocation, the announcement didn’t specify the exact percentage—either the details are still being finalized, or they intentionally released partial information to gauge community reaction. But given Tether’s backing, it’s unlikely the next steps will be small-scale.