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$REVV Litepaper
  • Welcome to the $REVV Litepaper
  • The $REVV token
    • Token purpose
    • $REVV - Technical details
  • The Motorverse
    • Key Motorverse elements
    • Motorverse guiding principles
    • Motorverse games and experience
    • Motorverse partnerships
    • Motorverse interoperability standards
    • Motorverse Hub
    • Motorverse roadmap
  • The team
  • Legal Disclaimer
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  1. The $REVV token

$REVV - Technical details

PreviousToken purposeNextThe Motorverse

Last updated 9 months ago

$REVV was launched as an ERC-20 token on the Ethereum blockchain, and has since been bridged to Binance Smart Chain, Polygon, and Flow. / /

The token has a fixed supply of 3,000,000,000 tokens across all chains. The supply is managed and distributed by a central treasury. $REVV is not a ‘burnable’ asset, but instead will be reintroduced back into the economy after it is used by players for gameplay fees and NFT purchases (Note: $REVV spent in-game will have a 12 months lock before it can re-enter the economy).

The $REVV distribution has been updated to reflect the renewed focus on the Motorverse (Last updated Q4 2023).

Allocation

Tokens (m)

Released

Out-standing

Purpose

Liquidity

350

11.7%

250

100

Provision of liquidity across CEXs/DEXs

Development partner incentives

700

23.3%

324.1

375.8

Payments to studios, game developers, and other service providers that produce work for ecosystem projects affiliated with the Motorverse

Ecosystem incentives

1.550

51.7%

28.6

1.521,3

Allocations reserved for future external Motorverse games and ecosystem participants (token swaps) + incentives for players, influencers and other marketeers. Can be used to create/top up other pools if necessary

Team/ Advisor

200

6.7%

12.1

187.9

Allocations for team

Launch Partner

200

6.7%

0

200

Share to launch partner

Once the treasury allocates an amount of tokens to a recipient, e.g. a project, studio, or employee, the respective tokens will start their vesting schedule. The expected vesting for token releases to different stakeholders is as follows:

  • Internal development partners: 12 months cliff + 24 months vesting

  • External ecosystem partners: 18 months cliff + 18 months vesting

  • Team/advisors: 12 months cliff + 12 months vesting

Note: While the default vesting will follow a time based mechanic, the Motorverse will implement additional milestone based vesting mechanics on a case by case basis.

Ethereum contract
Polygon contract
Flow contract