$REVV - Technical details
$REVV was launched as an ERC-20 token on the Ethereum blockchain, and has since been bridged to Binance Smart Chain, Polygon, and Flow. Ethereum contract / Polygon contract / Flow contract
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% | 20 | 200 | Share to launch partner |
The emission schedule for the different allocations depends on the timing of the release to each respective project/partner. 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 + 24 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.
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