TokenInsight news, the Web 3.0 Information Infrastructure Protocol RSS3 announced today that it will soon launch the governance token, $RSS3. The total supply of $RSS3 is said to be 1 billion, of which 64% will be allocated to the community, 5% of the community tokens will be sold publicly during the TGE, 10% will be used for early rewards, and 47% will be managed by RSS3DAO. In addition, approximately 15% will be allocated to the team and 15% to seed and private round investors. The majority of the tokens will be locked up for the long term and will be released over a period of 5 years.
$RSS3 will facilitate decentralized governance of RSS3DAO in a number of ways, including selecting global indexing and service nodes, determining the maximum number of RSS3 files per node, module upgrades, and treasury.
Source Web3
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