Tokenomics

Relation Token Introduction

The Relation token is at the heart of the Relation Labs ecosystem, functioning as a governance token, incentivizing user engagement, and acting as the primary payment token.

Its key utilities include:

  • Network Support: The Relation token will significantly support scalability solutions, enhancing the network's capacity and efficiency. This use ensures the ecosystem can manage higher transaction volumes, decrease congestion, and improve the user experience.

  • Social Credential Validation: Relation Tokens can be staked to participate in the process of social credential validation, which assesses and verifies users' authenticity, reputation, and credibility. Token holders staking their tokens can serve as Social Credential Validators, contributing to the integrity and trustworthiness of the ecosystem by authenticating user credentials.

  • Governance: Token holders can propose and vote on changes to the protocol and policies, ensuring they have a voice in the project's direction. This mechanism fosters a decentralized and inclusive community-driven approach.

  • Payment: The Relation Token also acts as a means of payment within the ecosystem. Users can use it to pay for services offered by the protocol, such as accessing specific features.

Allocation of Relation Tokens

The total token issuance of 1 billion ERC-20 tokens is primarily divided into Team & Advisers, Private Sales, and Ecosystem Operations.

Team & Advisers and Private Sales These sectors each receive 15% of the total token supply, acknowledging the contributions of the team and advisers while also attracting early investors through private sales.

Ecosystem Operations Taking up 20% of the total tokens, this allocation supports the project's growth and maintenance. It is split further into:

Developer Community (10%): Aimed at nurturing the developer community, these resources incentivize contributions to the project's codebase, application development, and overall enhancement of the ecosystem's functionality.

Marketing & Operating (10%): This allocation is for promoting the project, community engagement, and covering operational expenses. It ensures effective communication, broad adoption, and the project's long-term sustainability.

Listing and liquidity (3%): Reserved to facilitate project listing on top exchanges, enhancing liquidity and broader reach.

Airdrop (10%): Allocated for free distribution to eligible users to boost awareness and user engagement.

Ecosystem Incentives (7%): Reserved for token holders who contribute to the ecosystem, fostering active participation and community engagement.

DAO Reserve 30% of the tokens are held in DAO reserve for community-driven initiatives, future developments, or strategic decisions through consensus mechanisms, thereby supporting the project's long-term growth.

Release Schedule

Here's the release schedule:

Team and advisers: 10% unlock 6 months post TGE (Token Generation Event), followed by a 6-month cliff, then a 36-month monthly release.

Private sales: 16% unlock 3 months post TGE, followed by a 6-month cliff, then an 18-month quarterly release.

Airdrop:10% unlock after TGE, followed by a 365-day daily release.

The remaining allocations (Ecosystem Operation, Ecosystem Incentives, DAO reserve) will be released variably or occasionally as per community voting.

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