Rayls Tokenomics Release: TGE to Distribute 15% of Tokens
BlockBeats News, December 1st, Compliance-focused blockchain ecosystem Rayls announced its tokenomics. The RLS token has a fixed total supply of 10 billion tokens. The distribution plan supports phased promotion from a private network to a public chain and then to fully interconnected institutional settlement. The TGE will allocate 15% of the token's total supply, which is 1.5 billion tokens, with investor allocation at 22%, early developer allocation at 11%, core team allocation at 17%, and foundation treasury and community allocation at 35%.
Rayls stated that there will be no off-chain buyback, and every transaction on the network will trigger automatic burning. Fifty percent of the fee revenue will be burned immediately, while the other 50% will be used for the Rayls Foundation Community Incentive Wallet to support validators, builders, and ecosystem development.
In previous news, Rayls has been added to Coinbase's listing roadmap and announced that the TGE is scheduled for December 1st.
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