Fables to hold FABLES token generation event on Oct. 20

Fables, a decentralized exchange built on Robinhood Chain, said it will hold the token generation event for its native FABLES token on Oct. 20. The project said an initial 75 million FABLES will enter circulation, while the full circulating supply will not be issued at once. Instead, tokens will be minted only as needed for liquidity provision and future scheduled uses. A total of 120 million FABLES has been allocated to the community, with up to 45 million FABLES available as liquidity tokens at the time of the TGE. Prologue holders have been allocated 25 million FABLES, which will be minted when the tokens are claimed. The team allocation totals 80 million FABLES, but none of those tokens will enter the market at launch.