News

According to ChainCatcher, Yala has announced that the YALA token is now live and has released its tokenomics. The total supply is fixed at 1 billion tokens, with the following specific allocations: Investors (15.98%): 1-year lock-up, followed by quarterly vesting over 18 months; Ecosystem and Community (20%): 45% unlocked at TGE, with the remaining 55% released linearly over 24 months; Foundation and Treasury (29.12%): 30% unlocked at TGE, 1-year lock-up period, then linear vesting over 36 months; Marketing (10%): 20% unlocked at TGE, 1-year lock-up, followed by linear vesting over 24 months; Team (20%): 1-year lock-up, then linear monthly vesting over 24 months; Airdrop (3.4%): One-time distribution to early adopters, testnet and mainnet participants, and users who made significant contributions to the Yala and Yeti Footprints programs, fully unlocked at TGE; Market Makers (1.5%): Vesting schedule subject to terms negotiated in the market-making agreement.

According to ChainCatcher, citing a Reuters report, Russia’s largest bank, Sberbank, announced on Thursday that it hopes to provide custodial services for Russian cryptocurrency assets, aiming to play a leading role in the development of digital assets in Russia. Anatoly Pronin, Executive Director of Sberbank’s Alternative Payment Solutions Department, stated that after observing more and more foreign banks offering custodial services, the bank has submitted proposals to the central bank regarding the regulation of domestic crypto assets. During a cryptocurrency regulation discussion, Pronin said that Sberbank’s proposal would regulate crypto assets in a manner similar to bank account assets, and the bank would ensure the security of tokens. Acting as a custodian for clients’ crypto assets means that if law enforcement suspects misconduct, these assets could be frozen. However, this approach would make transactions more convenient and protect accounts from hacker attacks.