TLX, a leverage token protocol built on Synthetix perps, announced its plan to launch its governance token next week. Initially, 6% of the total supply of governance tokens will be distributed through the first airdrop. Once claimed, the tokens can be immediately transferred without any ownership.

The total supply of TLX tokens is 100,000,000. TLX stated that token farming is not possible as the tokens allocated to users who vote in the ecosystem committee elections and claim settlement points have already been designated. An additional 4% of the token supply will be distributed as rewards over 26 weeks to users who lock TLX tokens.