Rayls announces tokenomics: total supply of 10 billions tokens, with 15% of the token supply to be distributed at TGE.

ChainCatcher reported that Rayls has announced its tokenomics. The total fixed supply of RLS tokens is 10 billion. The allocation plan supports phased promotion from private networks to public chains and finally to fully interconnected institutional settlements. The TGE will allocate 15% of the token supply, which is 1.5 billion tokens. Investors will receive 22%, early developers 11%, the core team 17%, and the foundation treasury and community 35%.

Rayls stated that there will be no OTC buybacks. Every transaction on the network will trigger automatic burning, with 50% of the fee income being burned immediately, and the remaining 50% allocated to the Rayls Foundation community incentive wallet to support validators, builders, and ecosystem development. Previously, it was reported that Rayls has been added to a certain exchange's listing roadmap and is scheduled to conduct its TGE on December 1.