Yesterday, many people expressed dissatisfaction with @RaylsLabs's TGE, and the voices of counter-attack were continuous.
Let's take a look at the market after yesterday's TGE. The current fundamentals of $RLS are:
Total supply of 10 billion coins, initial circulation of 1.5 billion coins(15%), current market value $37.9M, FDV $252M, fully diluted valuation $254.09M.
Main Network: Ethereum ( Main Chain ) + BNB Chain ( Cross-Chain Deployment )
The current single coin price is 0.025
Public sale price: 0.0175 (profit)
Of course, the temporary token price is not the focus; the key point is whether the "flywheel effect" that has been overused by too many projects can be realized. The flywheel of Rayls is simply and straightforwardly: as long as institutions use it, the token price will rise.
The logic of Rayls is very simple. Whether it's JPMorgan or the Central Bank of Brazil, as long as they conduct business on the RLS privacy chain, they must purchase $RLS to pay for fees, and 50% of the fee revenue will be directly burned.
This design is quite straightforward; it's not a buyback, it's not locking up, but rather a permanent destruction, which means that every institutional transaction is reducing the total supply.
There is still 50% flowing into the staking reward pool, incentivizing token holders to lock liquidity. The more locked, the less circulation, the stronger the price support, and the more attractive the staking APY.
These interconnected gears form an infinite momentum that drives the token price to continuously rise.
However, a key issue that all flywheel effects must face, and which is the core variable determining whether the price of $RLS can take off, is the actual institutional trading volume.
Without trading volume, there is no fee income; without fee income, both the burn and staking rewards are just running in place; a flywheel that runs in place will only slow down under the pressure of unlocking and eventually come to a halt.
So, the real test of the flywheel comes from the market validation after the product launch. Let's look forward to @RaylsLabs's performance.
Yesterday, there was significant dissatisfaction among many participants regarding the Token Generation Event (TGE) of @RaylsLabs, with widespread calls for "reverse rug pulls."
Today, let’s analyze the current fundamentals of $RLS post-TGE:
Total Supply: 100 billion tokens
Initial Circulating Supply: 15 billion tokens (15%)
Current Market Cap: $37.9M
Fully Diluted Valuation (FDV): $252M
Chains: Ethereum (mainnet) + BNB Chain (cross-chain deployment)
Current Token Price: $0.025
Public Sale Price: $0.0175 (profitable for early buyers)
While the token price is not the immediate focus, the critical question is whether the overused concept of the "flywheel effect" can be successfully implemented here. Rayls’ flywheel mechanism is straightforward: institutional adoption drives price appreciation.
The logic is simple: Whether it’s JPMorgan, the Central Bank of Brazil, or any other institution, if they conduct transactions on Rayls’ privacy chain, they must purchase $RLS to pay fees. 50% of these fees are permanently burned, reducing the total supply. The remaining 50% are allocated to the staking rewards pool, incentivizing holders to lock their tokens and reduce circulating supply. This creates a self-reinforcing cycle: reduced supply supports price, higher staking APY attracts more participants, and the flywheel spins faster.
However, the Achilles’ heel of any flywheel model—and the core determinant of $RLS’s price potential—is genuine institutional transaction volume. Without real transactions, there are no fees; without fees, the burn mechanism and staking rewards stall. An idle flywheel, coupled with unlock pressures, risks grinding to a halt.
The true test lies in post-launch market validation. Let’s eagerly await @RaylsLabs’ performance in the coming months.