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Reya announces tokenomics and will conduct a token sale on Coinlist.
On November 20th, DEX Reya announced its tokenomics. The total supply of tokens is 8 billion, with the distribution as follows: community 45%, community sale 2%, liquidity 3%, foundation 10%, team 17.5%, future team 5%, investors 17.5%. The Reya Labs team and investor token lockup will be for 1 year, followed by a 3-year monthly linear unlock. Distribution will start from the TGE through an airdrop to Reya users, with multiple rounds of airdrops to follow. The specific timing and amount will be determined by the foundation. Reya will conduct a token sale on Coinlist from November 25th to December 2nd, selling 160 million tokens at a price of $0.01875, corresponding to an FDV of $150 million. 50% will be unlocked at TGE, and the remaining 50% will be linearly unlocked within 6 months after TGE. The minimum purchase amount per account is $100, with priority given to small purchase requests.