According to ChainCatcher, Redacted has announced the final token allocation plan for RDAC. The official statement emphasizes that the token distribution reflects principles of fairness, collaboration, and long-term sustainability, aiming to incentivize early contributors, community participants, and builders.
Specifically, the Jirasan community will have 25% of their tokens unlocked at TGE, followed by a 3-month cliff, then linear monthly release, with potential accelerated release upon achieving Tier 1 listing, revenue, and market cap milestones. Other community allocations will have different TGE unlock percentages, a 3-month cliff, and 24-month linear release. Team tokens will be strictly unlocked based on market cap thresholds, with a 12-month cliff; 10% will be unlocked for every $100 million increase in market cap, with a maximum unlock at $1 billion market cap. If the market cap does not reach $100 million, team tokens will be permanently burned.
Redacted stated that this model is inspired by the long-term incentive framework of CZ, the founder of Binance, ensuring that the team can only benefit when objectives are met, and declared all previous token economic models null and void.
As previously reported, Redacted completed a $10 million funding round, with Spartan Group as a co-lead investor, and participation from Saison Capital, Animoca Brands, and Polygon Ventures.
