RAI Finance Latest Token Disclosure and Updates (3rd September)

Introduction

This announcement is to update you on the status of the RAI Finance token distribution and recent changes to wallet management to enhance security and transparency within the ecosystem.

Current distribution and future plans

To begin with, we are adhering to our originally planned token distribution schedule. We have been diligently managing and disclosing the circulating supply in the market, and we will continue to execute the distribution of SOFI tokens consistently in the future.

The existing plan: RAI Finance native token(SOFI)’s Value and Distribution

As outlined in the original plan, we confirm that the liquidity incentive tokens have not yet been distributed, and there are currently no plans to distribute them.

As of September 3, 2024, the SOFI token circulation according to RAI Finance’s plan is as follows: 552,743,750 SOFI

This supply will continue to increase gradually each month, driven by allocations to the Foundation, Parachain Auction, and Ecosystem Development.

Major Announcements Regarding Tokens

1. Transfer the tokens allocated to the team to the DAO

Changes are inevitable in the process of running a project. We have accordingly transferred the tokens allocated to the team to the DAO, taking into account the feedback from the community. As of September 2022, team tokens will be unlocked and form the DAO ecosystem. This new DAO ecosystem token will be distributed according to the existing team token vesting plan. Therefore, even though the ownership of the SOFI tokens has been transferred from the Team to the DAO, they continue to follow the vesting plan as originally outlined. The details can be verified in the respective wallets.

We reiterate the details of this process for your reference through the Governance proposal.

1. The previous team SOFI token address is [0xbcef4bdb4dd83e3e77a0d702466567ae98df56f7], according to the SOFI token distribution plan, with 89,700,000 SOFI tokens not unlocked. These locked tokens will be transferred to RAI Finance DAO’s wallet [0xE58cA25CF8067462d360100095902051b4ca985a].
2. The ownership of this DAO’s wallet will be controlled by the following multi-sig wallet holders.

• 0xc29C268674A125c238DA44Cc299da90C6EA15cB6
• 0xceF6B3a7382Ba3c50E33072AeB7250E2Af756839
• 0xe0EBb9E9275222D22916Dff010e6cE5a45410CcF
• 0x04A857E78F8056a19070C47903197a54A8951855
• 0x8D95b61Ffa4AAf6E1b2c1539b2b48587FA510f54

2. Foundation Management Wallet Update and Transition to Multi-Signature Security

We announced that the update of the foundation-managed wallets has been successfully completed. This includes the replacement of the existing wallets — Foundation, Parachain Auction, Ecosystem Development, and Liquidity Incentives — with new wallets, following the community’s approval of our proposal.

In addition to this update, all foundation-managed wallets have now been transitioned to multi-signature wallets to enhance security and control. This change ensures a more secure environment for our token assets, addressing the finite battery life of our previous cold wallets. We appreciate the community’s support and cooperation throughout this process.

Previous Management Addresses

• Foundation: 0xc4056B507DAD90922068Fbb229119Ed5A01cFC29
• Parachain Auction: 0x1a449a07a7af0d0638bae776df018e5d46b8f12e
• Ecosystem Development: 0x0c96f1f80Ff73Ec7A8ECff2b4f47F60F786AaC18
• Liquidity Incentives: 0x828B3f78F0c2C4879Eb0F0666968dF284C886819

Current Multi-Signature Management Addresses

• Foundation: 0x60e3Be845bCBfD35E67b78a5dB4c2E865bB5423d
• Parachain Auction: 0xF462eF65CDF6D27398883B87ec962f860f023B8d
• Ecosystem Development: 0x05F0C2666bdB8C654287FC1dB73d1A53A8E6201e
• Liquidity Incentives: 0x0b47A0419846dd998d85C6E51C10417152C9B6B7

All relevant information is available on our Medium, X, and the Governance tab on our website. We appreciate the continued support from our community and encourage you to stay tuned for future updates from RAI Finance!