[Blockchain Pulse] Just now, the compliance blockchain project Rayls released their token economic model. The total supply of RLS tokens is locked at 10 billion coins, and this distribution plan is quite interesting - they intend to advance in stages, gradually transitioning from a private chain to a public chain, ultimately achieving comprehensive interconnection among institutions.
Let's talk about the initial release: the TGE will release 15%, which is 1.5 billion Tokens. How is it specifically divided? Investors get 22%, early developers 11%, the core team 17%, and the remaining 35% goes to the foundation and the community.
It is worth noting that Rayls has clearly stated that they do not engage in off-market repurchases. They have designed an automatic destruction mechanism—when each on-chain transaction is triggered, 50% of the transaction fee is directly burned, and the other 50% goes into the foundation's community incentive wallet to subsidize validators, developers, and ecological development.
By the way, Coinbase has already included RLS in its listing roadmap, with the TGE set for December 1st. It seems that this project has put effort into compliance.
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CryptoHistoryClass
· 14h ago
*checks notes* ah yes, the classic "we're burning fees" tokenomics... statistically speaking, this is exactly how it started in 2017 before the rug pull phase kicked in. nothing new under the sun, just different variable names tbh
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MintMaster
· 14h ago
The trick of burning fees is now everywhere; what really matters is whether the team can build the ecosystem.
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DeFiChef
· 14h ago
50% directly burned, this move is quite ruthless, is it really still the trap for suckers?
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10 billion locked, looks reliable but we'll have to wait until it goes live to see
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It's already in the Coinbase roadmap, so it should be stable now
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Burning 50% of the transaction fee for each transaction, this mechanism is quite interesting
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No buyback, only destruction, just afraid they might change their stance later
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How is the foundation's 35% regulated, is there transparency?
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Transitioning from a private chain to a public chain sounds nice, but will there be any issues in between?
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Investors only get 22%, the distribution is still relatively balanced
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Wait a minute, if half of the fees are burned, who will cover the operational costs of the chain?
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11% for early developers is indeed a bit low, but new projects are like this, right?
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MEVHunter
· 14h ago
Burn 50% of the transaction fee? This design is great, directly pressing the inflation pressure to the limit... Wait, will the gas war for this transaction in the mempool become worse?
Rayls announced the Token economic model: a total supply of 10 billion, 15% released at TGE, with an automatic Burn Mechanism in place.
[Blockchain Pulse] Just now, the compliance blockchain project Rayls released their token economic model. The total supply of RLS tokens is locked at 10 billion coins, and this distribution plan is quite interesting - they intend to advance in stages, gradually transitioning from a private chain to a public chain, ultimately achieving comprehensive interconnection among institutions.
Let's talk about the initial release: the TGE will release 15%, which is 1.5 billion Tokens. How is it specifically divided? Investors get 22%, early developers 11%, the core team 17%, and the remaining 35% goes to the foundation and the community.
It is worth noting that Rayls has clearly stated that they do not engage in off-market repurchases. They have designed an automatic destruction mechanism—when each on-chain transaction is triggered, 50% of the transaction fee is directly burned, and the other 50% goes into the foundation's community incentive wallet to subsidize validators, developers, and ecological development.
By the way, Coinbase has already included RLS in its listing roadmap, with the TGE set for December 1st. It seems that this project has put effort into compliance.