RFUEL Team Token Distribution Postponed
New token distribution program reflects team’s commitment to RioDeFi community.
RioDeFi is pleased to announce the postponement of the distribution of the entire team allocation of RFUEL tokens by six months
As per RFUEL’s original emission and distribution schedule the team and advisor token allocation, which accounts for 15% of the total supply, was meant to be distributed over 18 months following a six months cliff after TGE.
In a move that illustrates their commitment and confidence in the long term of our initiative, RioDeFi team and advisors have decided to extend the cliff of vested RFUEL by six more months, followed by linear distribution over 18 months.
This means that all team & advisor tokens will not begin releasing until September 28th of this year. The original monthly unlock mechanism is also being replaced by a linear distribution model that will happen on RioChain, highlighting the functionality and low gas fees of the network.
The decision to postpone the team and advisors token distribution happens at the most exciting time for our community. The RioDeFi ecosystem is growing rapidly as our incubated projects MANTRA DAO, LABS, and Lepricon are gaining a lot of attention.
We are grateful for the unwavering support of our community of supporters around the world. We look forward to sharing this journey with you for the years to come!
RioDeFi is a blockchain technology company that aims at bridging the gap between traditional and decentralized finance. RioDeFi’s key technology is RioChain, a digital infrastructure which is designed to support high performance financial applications.
RioChain is built on Parity Substrate, which enables cross-chain interoperability. This means it can interact with assets of other blockchains, such as Bitcoin and Ethereum.
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