Rayls has announced the tokenomics for its RLS token, setting a fixed total supply of 10 billion tokens. At the upcoming Token Generation Event (TGE) on December 1, 1.5 billion tokens, or 15% of the total supply, will be distributed. The allocation includes 22% for investors, 11% for early developers, 17% for the core team, and 35% for the foundation treasury and community.
Rayls has decided against conducting off-chain buybacks. Instead, 50% of transaction fees will be burned immediately, while the other 50% will support the foundation's community incentives wallet. Additionally, Rayls has been added to Coinbase's listing roadmap, signaling potential future trading opportunities for the RLS token.
Rayls Unveils Tokenomics for 10 Billion RLS Tokens Ahead of TGE
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