Swan Chain will launch the Token Generation Event (TGE) on December 16

On December 6, Swan Chain announced that the Token Generation Event (TGE) for its native token SWAN will be held at 23:00 on December 16 (Singapore time).

The total supply of SWAN tokens is 1 billion, with 20% of the tokens to be distributed for early users and future community reward airdrops to encourage network participation and interaction. Another 20% of the tokens will be allocated to investors, providing initial development and ecosystem expansion funds for Swan Chain; another 20% of the tokens will go to DAO Treasury for managing investments, compliance expenditures, and other financial needs. Additionally, 25% of the tokens will be allocated to an ecological fund to finance projects supporting ecological growth; while the remaining15% of tokens are set aside for key developers and team members.