Concrete Establishes Foundation and Launches Governance Token CT

Concrete has established the Concrete Foundation as the entity for protocol governance and treasury management, and has launched the governance token CT. CT is an ERC-20 token on Ethereum, with a fixed total supply of 1 billion tokens and no inflation mechanism. Holders can participate in protocol governance by locking CT, which includes strategy approvals, collateral classifications, fee frameworks, and treasury-related decisions; users who stake CT can adjust certain fee parameters when interacting with the protocol. CT is issued by Concrete's subsidiary, Concrete Network, Ltd., and the specific time for the TGE and the platforms for listing will be announced separately.

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