RioDeFi To Postpone Team and Advisors Token Distribution For One Year
RFUEL team token distribution to be postponed until September 2022
RioDeFi is delighted to announce the postponement of the distribution of the entire team and advisors’ allocation of RFUEL tokens for an additional twelve 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. Earlier this year we announced that this distribution had been postponed until September 28th.
Following the rapid expansion of our incubator program and considering the exciting roadmap of product releases and initiatives lying ahead of us, we have decided to pledge to our community an additional twelve months vesting of the team and advisors tokens.
As made clear by our CEO James Anderson: “The RioDeFi team remains fully confident in the long-term potential and growth of our ecosystem. We have been working around the clock to create a suite of decentralised financial services that we are excited to bring to the market. To show our commitment to our community, we have decided to extend the cliff of vested RFUEL for our team and advisors for 12 more months.”
We are ever grateful for our community’s unwavering support and look forward to sharing with you some fantastic news soon!
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.
Find out about the latest development of RioChain on RioDeFi’s website: