Bitfinex-backed layer 1 Stable releases tokenomics, mainnet to go live on Dec. 8
PositiveCryptocurrency

- Stable has announced its STABLE tokenomics design ahead of the mainnet launch scheduled for December 8, detailing the mechanisms of supply, vesting, and governance within its network. This development marks a significant step for the Bitfinex-backed layer 1 blockchain, which aims to facilitate fast settlement and stablecoin payments.
- The introduction of the STABLE tokenomics is crucial for establishing a robust economic model that can attract users and investors, thereby enhancing the platform's credibility and operational efficiency in the competitive cryptocurrency market.
- This launch comes at a time when confidence in cryptocurrency trading is on the rise, as evidenced by a 40% increase in Bitcoin long positions on Bitfinex over the past three months, reflecting a broader trend of optimism among traders despite ongoing market volatility.
— via World Pulse Now AI Editorial System

