PANews reported on May 7 that the DeFi protocol Resolv announced its token economics. The utility of RESOLV tokens includes governance access, double rewards, increased points multipliers, and long-term staking multipliers. The total supply of RESOLV tokens is 1 billion, of which 10% will be airdropped in the first quarter, 40.9% will go to the ecosystem and community, 26.7% will go to the team and contributors, and 22.4% will go to investors. The RESOLV token is about to undergo a TGE, which will be open for registration in the first half of May. There will be a one-week registration period (both points program participants and Resolv recipients are eligible), and registered users will be screened before the airdrop officially begins to detect witch attacks and bad actors. The token claiming page will be online for 30 days.
Earlier in April, it was reported that Resolv Labs completed a US$10 million seed round of financing, led by Cyber.Fund and Maven11 .
