DeFi Lending Protocol Bastion to Launch $BSTN Token at a $180M Valuation

Bastion, the DeFi lending protocol on Near's EVM-compatible layer Aurora, announced it will launch governance token, $BSTN, and will trade on Trisolaris, a decentralized exchange on Aurora, beginning 23:59 UTC on Thursday, April 21. With a total volume of $5 billion $BSTN and an initial circulating supply will be around 12.6%, or about 630 million tokens. Approximately 15% of the 5 billion total tokens will go to investors and 25% will go to team members and advisors. In addition, 30% of the tokens will be set aside for liquidity mining incentives and 30% for the protocol's treasury. Eligible users who pre-mined on Bastion or participated in Bastion’s lockdrop IDO will be able to claim their $BSTN airdrop on the token's launch day.