ChainCatcher reports that DEX Reya has announced its token economics. The total token supply is 8 billion, distributed as follows: Community 45%, Community Sale 2%, Liquidity 3%, Foundation 10%, Team 17.5%, Future Team 5%, and Investors 17.5%. The Reya Labs team and investors will have their tokens locked for one year, followed by monthly linear unlocking over the next three years. Distribution will begin with airdrops to Reya users starting with TGE, with multiple subsequent airdrops; the specific timing and amount will be determined by the Foundation.
Reya will be holding a token sale on Coinlist from November 25th to December 2nd, offering 160 million tokens at a price of $0.01875, corresponding to a FDV of $150 million. 50% will unlock at TGE, and the remaining 50% will unlock linearly over six months after TGE. The minimum purchase amount per account is $100, with priority given to smaller purchases.
