RiveX Tokenomics Explained

RiveX

Published in

RiveX Foundation

4 min readApr 28, 2020

Overview of the RiveX Tokenomics

Key Metrics

Ticker — RVX
Total Token Supply — 4,000,000,000 RVX
Initial Circulating Supply — 8,000,000 RVX (0.2% of total supply upon listing)

Private Sales (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.
The listing price for RVX will be at the same price as the last funding round of $0.035 per RVX.
Please refer to the table below for the private sales vesting period.

Ecosystem Fund (42.5%)

Ecosystem fund token allocation consists of 42.5% of the total token supply.
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.
This makes up for the 0.2% initial circulating supply.

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.
This makes up for the 12.3% non-circulating supply.

DeFi Initiatives (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 burn 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 Burn-and-Mint Equilibrium mechanism as it is vital to enable a full functionality of transfers from WRC20 token standards to other blockchain protocols. RVX is then capable of being used across different blockchain protocols.
For an example, how can RiveX will achieve the adoption of DeFi in other blokchaon protocols between RVX and BEP2? In order to realise such a model, RiveX would burn X% of WRC20-RVX and mint the equivalent amount of X% of BEP2-RVX via the Burn-and-Mint Equilibrium.
Every time when RVX tokens are burned 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.

Team (5%)

Team token allocation consists of 5% of the total token supply.
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 (2.5%)

Foundation token allocation consists of 2.5% of the total token supply.
These tokens will be locked for 12 months from the listing date, after which 0.625% will be unlocked every 6 months thereafter.

Partners (6.25%)

Partner token allocation consists of 6.25% of the total token supply.
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.

About RiveX

RiveX is a chain agnostic interoperable layer-2 solution across different blockchain protocols. RiveX aims to empower the next generation of decentralized applications, decentralized finance and enterprise solutions. RiveX has comprehensive interoperable DeFi solutions such as RX Wallet which aims to integrate DAPPS from different blockchain protocols to enable an interoperable DeFi ecosystem within RX Wallet itself. The first DAPP which RX Wallet has already integrated is WRDEX. Another core product powered by RiveX is the world’s first cross-chain DEX called WRDEX.

👇 More about RiveX 👇