Reya announces tokenomics and will conduct token sale on Coinlist

ChainCatcher News, DEX Reya has 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%. Tokens for the Reya Labs team and investors will be locked for 1 year, followed by linear monthly vesting over 3 years. Distribution will begin with an airdrop to Reya users at TGE, with multiple rounds of airdrops to follow. The specific timing and amounts will be determined by the foundation.

Reya will conduct a token sale on an exchange from November 25 to December 2, selling 160 million tokens at a price of $0.01875 each, corresponding to a FDV of $150 million. 50% will be unlocked at TGE, with the remaining 50% unlocked linearly over 6 months after TGE. The minimum purchase amount per account is $100, with priority given to small purchase requests.