Tokenomics
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
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.
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