Bluefin has completed the genesis issuance of its native token BLUE

ChainCatcher news, the Bluefin Foundation disclosed in a post on X that it has completed the genesis issuance of its native token BLUE, marking an important step towards decentralized governance.

The total supply of BLUE tokens is 1 billion, with an initial circulation of 150.385 million. Among these, 52% is allocated for ecological growth (unlocked over 5 years), 28% is distributed to strategic participants (unlocked over 3 years, with the first year locked), and 20% is allocated to core contributors (also unlocked over 3 years). BLUE holders can participate in protocol governance, including proposals, voting, and resource allocation, to drive adjustments in fee structures, initiate incentive programs, and more.