Yala announces token economics: total supply 1 billion, 3.4% allocated to airdrops

On July 17, Yala announced the launch of the YALA token and its tokenomics. The total supply is 1 billion (fixed), with the following distribution: investors (15.98%), 1-year lock-up, followed by 18 months of quarterly vesting; ecosystem and community (20%), 45% unlocked at TGE, and the remaining 55% released linearly within 24 months; foundation and finance department (29.12%), 30% unlocked at TGE, 1-year lock-up period, followed by 36 months of linear vesting; marketing (10%), 20% unlocked at TGE, 1-year lock-up, followed by 24 months of linear vesting; team (20%), 1-year lock-up, followed by 24 months of linear monthly vesting; airdrop (3.4%), a one-time distribution to early adopters, testnet and mainnet participants, and users who have made meaningful contributions to the Yala and YetiFootprints programs, and will be fully unlocked at TGE; market makers (1.5%), the vesting schedule is subject to the terms negotiated in the market making agreement. [PANews]