Yala announces token economics: total supply 1 billion, 3.4% allocated to airdrops
PANews reported on July 17 that Yala announced that the token YALA has been launched and announced the token economics. The total supply is 1 billion (fixed), and the specific distribution includes: 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.
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Crypto execs met with US lawmakers to discuss Bitcoin reserve, market structure bills
Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more
