Waves Sidechain Unitnet to Launch Governance Token in September

IconCryptoNewsTerminal Staff04 Jul, 2024

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Waves Sidechain Unitnet to Launch Governance Token in September

Waves founder Sasha Ivanov has announced via an official X (formerly Twitter) post that the governance token for the sidechain Unit.network will be launched in September. The token will be distributed to Waves community members, testnet and TVL event participants, and seed investors. Unitnet is a sidechain project developed by the Waves team, which aims to provide a more scalable and cost-effective platform for decentralized applications. The governance token will allow holders to participate in the decision-making process of the Unitnet ecosystem. The launch of the governance token is a significant step in the development of Unitnet, and it is expected to generate significant interest from the Waves community and beyond. The token distribution will be conducted in a fair and transparent manner, and further details will be announced in the coming weeks.

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