Redacted Coin unveils RDAC's final tokenomics scheme

ChainCatcher News: According to official information, Redacted announced the final distribution plan of RDAC tokens. Officially, the token distribution embodies the long-term principles of fairness, collaboration, and sustainability, and will incentivize early contributors, community participants, and builders.

Among them, 25% of the tokens will be unlocked at TGE, followed by 3 months cliff, and then released linearly on a monthly basis, and there is a possibility of accelerated release after reaching milestones such as Tier 1 launch, revenue and market capitalization. Other community shares will be unlocked at different TGE ratios, 3 months cliff and 24 months linear release. Team Tokens are unlocked strictly based on the market cap threshold, unlocking 10% for every $100 million increase in market cap after 12 months of cliffing. If the market cap is less than $100 million, the team token will be permanently burned and unlocked up to $1 billion in market cap.

Redacted said the model draws on Binance founder Changpeng Zhao's long-term incentive framework to ensure that the team only benefits when it achieves its goals, and announced that previous versions of the tokenomics model are obsolete.

As previously reported, Redacted closed a $10 million funding round with Spartan Group as the co-lead investor in the investment, with participation from Saison Capital, Animoca Brands, and Polygon Ventures, among others.