According to ChainCatcher news, the Ink Foundation announced plans to launch the INK token on the Ethereum Layer2 blockchain based on the Optimism superchain, with a total supply of 1 billion tokens. The issuance date and other details will be announced later. The token supply will be permanently capped and will not change due to governance. The INK token will not participate in the governance of Ink Layer2. These parameters will remain unchanged as part of the Optimism superchain. The first use case of the INK token will be built around the liquidity protocol supported by Aave, and by supporting the liquidity protocol, the Ink Foundation aims to create a platform for on-chain users and developers to centralize liquidity.
The Ink Foundation stated that to reward early users, INK tokens will be distributed to participants of the liquidity protocol through an airdrop. The Ink Foundation will adopt industry best practices to prevent witch attacks, limit airdrop mining behavior, and maximize the fairness of the distribution.
