[About us]REAP token allocation
① Token Sale
30 % of REAP token will be sold with lock-up periods applied.
② Ecosystem Participation Incentive
Apart from the rewards for the total transaction fee income, 10% of the total REAP issued will be paid as an incentive to standing committee nodes and steering committee nodes among ecosystem participants by paying 1% a year over ten years according to their contributions. It is paid randomly when 1.2 million to 1.3 million blocks are created.
③ Founders & Team
7 % of the total REAP issued will be allocated to founders and team members who contribute their effort to the success of the project. The token is distributed among founders and team members according to their contribution. Lock-up on 15% of the tokens allocated for founders and team members will be released after 12 months, 25% after 24 months, and the rest 60% after 36 months from the date of receiving tokens.
④ Standing Committee Node
2 % of token share is required to be selected as a standing committee node. 28 % in total will be allocated to the total 14 standing committee nodes.
⑤ Early Contributors
5 % of the total REAP issued will be allocated to Early Contributors who support our project from the beginning. The token is distributed among Early Contributors according to their contribution. Lock-up on 15% of the tokens allocated for Early Contributors will be released after 12 months, 25% after 24 months, and the rest 60% after 36 months from the date of receiving tokens.
⑥ Marketing
Various types of global marketing campaign will be executed to promote ReapChain project. 5% will be allocated for the purpose. Lockup period will be determined separately for each marketing campaign.
⑦ Reserves
15 % is for corporate reserve. ReapChain will manage to ensure 5 to 15 % of reserves be maintained.
★ ReapChain Official Community
Follow the ReapChain official community and have more news!
Homepage: https://reapchain.com/
Telegram (ENG): https://t.me/ReapchainOfficialEnglish
Telegram (KR): https://t.me/joinchat/MbaQ7RaZchMzjAam9yMS0Q
Blog: https://blog.naver.com/reapchain
Facebook: https://www.facebook.com/ReapChain/
Twitter: https://twitter.com/ReapChain
Bitcointalk: https://bitcointalk.org/index.php?topic=5260297.0
Partnership and Affiliation Inquiries: reapchain@reapchain.com
Investment and Sale Inquiries: sale@reapchain.com
Project Inquiries: reapchain.official@reapchain.com
