DeFi project Kujira has announced a partnership with three other ecosystems to create a new level of the THORChain app by forming the Rujira alliance and launching the new RUJI token.
Forming the Rujira Alliance
DeFi projects have significantly increased in number over the past months. Partnerships between various web3 ecosystems are the cornerstone of achieving success in DeFi. Recently, the DeFi project Kujira announced a partnership with three other ecosystems to build the layer 2 THORChain app.
Launching the RUJI Token
The new alliance also plans to launch a new token called RUJI that will be issued on the THORChain platform. A detailed article by the Kujira team also states that the web3 protocol Levana will be included in the partnership in the coming months. The alliance will attempt to merge the tokens of the aforementioned projects — $KUJI, $FUZN, $WINK, and $NSTK into one $RUJI token.
Rujira Alliance Operations
The official announcement describes the project share allocations for each ecosystem and the RUJI tokenomics in detail. According to the details, KUJI will receive 45.57% of the total RUJI supply, while FUZN, NSTK, and WINK will receive 1.56%, 1.44%, and 1.43%, respectively. The remaining 50% RUJI will be allocated for acquisitions, ecosystem funds, operations, and new investors. The Kujira ecosystem will receive 91.1% of the market cap weight.
The Kujira partnership with THORChain occurred on August 9 after the project faced issues with its L1 blockchain. Numerous other DeFi projects have also announced their advancements in the past few days.
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