Tokenomics
Last updated
Last updated
What is REAP?
REAP is Releap Protocol’s native token that is deeply tied into the functioning of the Protocol. Users require $REAP to vote on governance decisions or take part in Releap’s curation model. Curation nodes can only be added to the protocol by staking the required amount of $REAP tokens and curation operators are rewarded in $REAP tokens as well.
Releap Protocol aims to give creators the freedom to retain ownership over the connections they have built with their audience by creating a fully customizable, user-owned social graph.
Token Distribution
A brief break down of the total supply of the token across categories
| Allocation | Token Amount | Percentage | Lock-up period |
|---|---|---|---|
Seed Round | 40M | 5% | 2 year vesting, 15% TGE and 15% quarterly unlock |
Strategic Round | 79M | 10% | 1 year vesting, 20% TGE and 20% quarterly unlock |
Public Sale | 40M | 5% | 1 year vesting, 20% TGE and 20% quarterly unlock |
Community Treasury | 161M | 20% | 4 year vesting, 1 year cliff |
Staking rewards | 160M | 20% | 4 year vesting, 5% TGE |
Ecosystem Development | 160M | 20% | 4 year vesting, 5% unlock every 6 months |
Team | 160M | 20% | 4 year vesting, 1 year cliff |
Total | 800M |
Token Release Schedule
$REAP token has varying vesting periods depending on the allocation. The portion allocated for the team, community and ecosystem development will be bound by a longer vesting period along with some cliffs to assure token holders of our commitment towards building and sustaining the protocol.
