The Web3 social graph protocol Relation has announced its economic model, with airdrops accounting for 10% of the total supply

2023-05-19 20:41:08

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ChainCatcher news, the Web3 social graph protocol Relation has announced its native token REL economic model, with a total supply of 1 billion tokens. Among them, the team and advisors account for 15%, private sale accounts for 15%, listing and liquidity account for 3%, airdrop accounts for 10%, ecosystem incentives account for 7%, ecosystem operations account for 20%, and DAO reserves account for 30%. The airdrop portion will unlock 10% after TGE, and then release daily over 365 days.

It is reported that the REL token has utility and will support future scalability solution networks, social credential verification, protocol governance, staking proposal and protocol service payments.

According to the crypto data platform RootData, Relation announced a financing round last January with a valuation of $20 million, with participation from HashKey Capital, SNZ Holding, and others. (source link)

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Relation social graph

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