NFTfi announces token economics: a total of 2 billion tokens, with plans to open the application portal at the end of April

ChainCatcher News, peer-to-peer NFT lending protocol NFTfi Foundation has announced the tokenomics of its governance token NFTFI. The total supply is 2 billion (ERC-20), with an expected initial circulation of 220 million. It is anticipated that the NFTFI claim portal will open later in April, details are as follows:

Community and Rewards (25% – 500,000,000 NFTFI);
Foundation and Ecosystem (23.3% – 465,952,487 NFTFI);
Early Strategic Supporters and Strategic Supporters (15.2% + 20.4% – 712,356,127 NFTFI);
Core Contributors (16.1% – 321,691,386 NFTFI).

In addition to this announcement by the foundation it also stated that it will soon announce and establish the NFTfi Council as a first step towards a decentralized governance system.