Token Distribution
Value based distribution
The core issue with token distribution revolves around the mismatch between liquidity unlocks and the actual value provided by the network.
As such, RAIR tokens unlocks do NOT follow a traditional time based vesting schedule, rather they follow a value based vesting schedule.
Value based unlocks
As entities apply for licenses through the graduated onchain revenue tiering system, matching tokens will unlock for the constituent groups.
50% of unlocks through traditional vesting schedule. 50% of token unlocks dependent on system usage. See burn model.
As an example, an entity meets the onchain revenue threshold and applies for a license.
XX RAIR is burned to mint the license, thus unlocking an equivalent XX in unlocks to the constituents.
The only token allocation not subject to this rule is the dev rewards, as those are required to incentivize developer participation.
Not all constituents unlock equally, earlier participants in the ecosystem vest sooner as a percentage of the overall available unlocked supply.
Constituents
RAIR was originally developed as a for-profit C-Corporation. Valueless grants of tokens will be airdropped to different cohorts that provided value to the project after a post TGE vesting period.
These groups include:
Equity Investors
Token Investors
Developers
Advisors
Corporation
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