[BitPush] The EVM chain Rayls has just announced its token economic model. The total supply of RLS is locked at 10 billion tokens, with 15% being released into the market on the day of TGE.
The allocation plan is as follows: investors take 22%, the early development team takes 11%, core members take 17%, and the foundation and community reserves take the majority at 35%.
It is worth noting that they played it tough - every on-chain transaction will automatically burn coins. Specifically, the transaction fee revenue is directly cut in half: 50% is burned on the spot, and the remaining 50% goes into the foundation's wallet to incentivize verification nodes, developers, and ecosystem builders. The official stance is clear that they will not engage in the off-market repurchase scheme.
In addition, a leading compliant platform has included Rayls in its listing plan, with the TGE set for December 1st. The deflationary mechanism coupled with endorsement from mainstream platforms makes this operation quite noteworthy.
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BTCBeliefStation
· 14h ago
The coin burning mechanism is so fierce, with an initial circulation of only 15%, it really has something going for it.
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ser_we_are_early
· 14h ago
10 billion total locked up, the deflationary mechanism is so harsh... However, only 15% is released in the early stage, this pace is a bit conservative.
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NoodlesOrTokens
· 14h ago
The burning coin mechanism feels good, but I'm worried it might be compromised later.
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BloodInStreets
· 14h ago
Another coin burning mechanism? Wake up, this is just an inflationary trap.
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LadderToolGuy
· 14h ago
The coin burning mechanism sounds good, but I'm afraid it will end up being a trap.
EVM chain Rayls announces tokenomics: total supply of 10 billion + transaction burn mechanism, TGE on December 1st.
[BitPush] The EVM chain Rayls has just announced its token economic model. The total supply of RLS is locked at 10 billion tokens, with 15% being released into the market on the day of TGE.
The allocation plan is as follows: investors take 22%, the early development team takes 11%, core members take 17%, and the foundation and community reserves take the majority at 35%.
It is worth noting that they played it tough - every on-chain transaction will automatically burn coins. Specifically, the transaction fee revenue is directly cut in half: 50% is burned on the spot, and the remaining 50% goes into the foundation's wallet to incentivize verification nodes, developers, and ecosystem builders. The official stance is clear that they will not engage in the off-market repurchase scheme.
In addition, a leading compliant platform has included Rayls in its listing plan, with the TGE set for December 1st. The deflationary mechanism coupled with endorsement from mainstream platforms makes this operation quite noteworthy.