Tokenomics
Buyback: The revenues generated within the Ribus ecosystem and its associated companies is allocated to a periodic token repurchase program. These repurchased tokens are typically acquired from the open market on the brokers where the token is listed. This process is designed to help manage token supply and liquidity while potentially benefiting existing token holders.
Burn: Out of the tokens acquired through the repurchase program, 10% are designated for burning. Token burning involves permanently removing these tokens from circulation, reducing the total supply. The objective is to ensure scarcity and potentially increase the value of the remaining tokens. The burning process continues until the total number of Ribus tokens in circulation reaches 100 million tokens.
Bonus: Within our wallet platform, we offer incentive programs that reward Ribus token holders. These programs are designed to encourage token retention and active participation within the ecosystem. Token holders may receive bonuses or rewards based on their level of engagement and the duration of their token ownership, fostering a stronger and more engaged community of Ribus token holders.
Distribution
The Ribus Token has a maximum supply of 300 million tokens, and initially only 135 million tokens were offered to the market, the tokens not sold in the first offering returned to the Ribus treasury.
Max Supply: 300 million tokens
Private Sale: Allocation - 135 million
Vesting - The remaining tokens may be sold by the company up to 20% of the total each month. Tokens reserved for private sales conducted before the token is listed on exchanges. Participants in the private sale typically include early investors, strategic partners, and other contributors.
Partnership: Allocation - 24 million
Vesting - The tokens to be used in this category can be utilized up to 10% per month. Tokens reserved for strategic partnerships with other projects, companies, or organizations.
Team Members: Allocation - 12 million
Vesting - Team vesting commences in 2024, limited to 20% every 6 months. Tokens allocated to core development and operational team members.
Opportunities: Allocation - 21 million
Vesting - Tokens designated for this area follow specific rules for each acquisition or opportunity, with no specific vesting schedule.
Board Members: Allocation - 45 million
Vesting - Tokens allocated for members of the project's board may be sold in tranches of 20% every quarter after July 2023. These tokens are intended to incentivize and compensate board members for their contributions to the project's governance and strategic decisions.
Exchanges: Allocation - 48 million
Vesting - Tokens in this category may be liquidated up to a maximum of 5 million tokens per international listing, starting with the first international listing in the year 2024. Tokens set aside for exchange listings, potentially used for liquidity pools, market-making, or other activities related to the project's presence on cryptocurrency exchanges.
Incentive Program: Allocation - 15 million
Vesting - Tokens allocated for community incentive programs, rewarding users for various activities that contribute to the growth and development of the project.
Burns done so far: https://polygonscan.com/tx/0x2aa24389ff50e8d16239e1771f9d8e64002375eaab2b5e241b938bfd3dd74e17 https://polygonscan.com/tx/0x4d82a452ec40e3266a77de1bab151b7202640405565ef662f3dae3f560ceb477 https://polygonscan.com/tx/0x6e36a1a945e6a87f0a0ecfefb1e69f0cd5f2d5a0f1d2729c9404f362207096d0
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