RELAY Token
Last updated
Last updated
The RELAY token is at the center of the project and holds multiple utilities that will reward users: Earn veRELAY, stake to earn a portion of bridge revenues.
A user staking or locking RELAY tokens in the RelayChain app generates veRELAY tokens available for claim to the same wallet. Claimed veRELAY tokens remain in that wallet until the user unstakes or unlocks any RELAY, in which case they will lose all of their veRELAY and all of the benefits associated with it.
Name: RELAY
Symbol: RELAY
Coingecko: https://www.coingecko.com/en/coins/relay-token
Maximum Supply: 10,000,000 RELAY
Token Allocations
4% to Advisors. Tokens are fully locked; when an advisor is signed, they receive 10% of their tokens after 30 days, 15% after 60 days, and 25% each quarter thereafter.
2.5% to the Initial DEX Offering, which enabled us to bootstrap liquidity on the initial RELAY pools. Vested over 4 days. 20% on TGE, and 20% daily.
1% to legacy ZERO holders. Snapshots were taken and value was weighted based on current ZERO holdings.
25% to the Network Growth Fund. Linearly vests daily for 2 years. Helps incentivize developers and partners to build on and build with RELAY. Will fully vest by June 2023.
15% to Community Incentives. Deployed as needed. The community will be notified of any withdrawal and any event will take place onchain. There is a 24-hour timelock to withdraw any funds from the incentives contract.
10% to the Team. 6-month cliff. Linearly vests daily for 1 year, starting at the expiration of said 6-month cliff. Fully vested by December 2022.
7.5% to Marketing. Linearly vests daily for two years. Fully vested by June 2023
35% to the ZERO to RELAY token migration
