Publish on 2021-11-23
Rivex network has its very own dedicated features which leverage on Wanchain’s interoperability and capabilities. Interoperable and scalable decentralized applications, enterprise solutions and decentralize finance from Wanchain or any other protocols which Wanchain has already connected (BTC, ETH, EOS etc) can be built or integrated on Rivex network.
Total Amount： 4,000,000,000
Offering price：First Private Round: $0.0075, Second Private Round: $0.035
Private Sales - 150,000,000 / 3.75%
The first private sale round has an allocation of 2.97% of the total token supply, these tokens were sold at a price of $0.0075 per RVX.
The second private sale round has an allocation of 0.78% of the total token supply and was sold at a price of $0.035 per RVX.
Please refer to the table below for the private sales vesting period.
|Months After Listing||Percentage Unlocked(%)|
Governance Node and DeFi Initiatives - 1,600,000,000 / 40%
The tokens allocated here are all locked until there is a need for them.
RiveX is a chain agnostic solution across different blockchain protocols. As the RiveX ecosystem prioritizes on RX Wallet and WRDEX for now, it is important to bridge DAPPS, crypto assets, and liquidity from other blockchain protocols. There is a need to collateralize/lock RVX on its native chain while minting the equivalent amount of RVX to be issued on the other blockchain protocols which RiveX tends to integrate.
RiveX uses the Lock and Mint Equilibrium (LME) mechanism as it is vital to enable a full functionality of transfers between cross-chain assets and DeFi interoperability especially with the focus on RiveX Decentralized Liquidity across different blockchain protocols.
For an example if RiveX intends to bridge BEP2 protocol for cross-chain DeFi initiatives, RiveX will achieve the adoption of DeFi interoperability and create a decentralized liquidity pool between RVX and BEP2. In order to realise such a model, RiveX would lock X% of WRC20-RVX and mint the equivalent amount of X% of BEP2-RVX via the LME mechanism.
Every time when RVX tokens are locked and minted, the team will reveal the token contract for full transparency on the usage and transfers of these tokens. The addresses which hold these tokens will be revealed to the public as well. An explanatory article will also be released every time these tokens are locked and minted. The article will outline very clearly on the needs and uses of these tokens as well as the token utility and unlock schedules.
Ecosystem Fund - 1,700,000,000 / 42.5%
30% will remain locked for the first year. 5% will be released every half-yearly from the first day of the 13th month onwards.
The remaining 12.5 % are fully unlocked. However, they are broken down into initial circulating supply and non-circulating supply.
Initial Circulating Supply (0.2%)
0.175% will be unlocked for liquidity provisioning on centralized exchange where RVX will be listed on.
0.025% will be unlocked for liquidity provisioning on WRDEX.
Non-Circulating Supply (12.3%)
8.8125% will be used for League of Stakes which will be entirely locked for periods up to 6 to 24 months. Unsold tokens here will be reserved for other staking initiatives.
0.0382% which is about 1,528,571.428571 RVX worth $53,500 pegged at $0.035 will be distributed to quest, quiz, and content creation winners on the first day of the 3rd month after listing.
3.4493% will be reserved or locked by Governance Node, RiveX Token Launchpad and RiveX decentralized liquidity purposes.
Team - 200,000,000 / 5%
These tokens will be locked for 12 months from the listing date, after which 0.5% will be unlocked on the first day of each subsequent month thereafter.
Foundation - 100,000,000 / 2.5%
These tokens will be locked for 12 months from the listing date, after which 0.625% will be unlocked every 6 months thereafter.
Partners - 250,000,000 / 6.25%
These tokens will be locked for 12 months from the listing date, after which 0.625% will be unlocked on the first day of each subsequent month thereafter.