As RioDeFi is completing its community crowdsale and with a view to ensuring the utmost transparency over our project, we would like to share with you a thorough review of RFUEL emission and distribution schedule. This document will serve as a reference point for our entire community and the general public moving forward.
RFUEL Token distribution breakdown
Total supply of RioFuel (RFUEL) token will be capped at 1,000,000,000 RFUEL, and will be allocated according to the following functions:
- Public community crowd-sale: 50 million RFUEL
- Private sale: 150 million RFUEL
- Team & Advisors: 150 million RFUEL
- Reserves: 100 million RFUEL
- Referrals, Promotions, and Bounties: 50 million RFUEL
- Grants: 100 million RFUEL
- Staking & Validation Rewards: 350 million RFUEL
- Promotional tokens: 50 million RFUEL
There will be 109,375,001 RFUEL issued and coming into circulation during the initial Token Generation Event (TGE). Following TGE, RFUEL’s distribution will follow the below emission schedule:
Public Round — 50 million RFUEL tokens
- 21,041,667 RFUEL unlocked at TGE, comprised of 15,000,000 unlocked tokens and 6,041,667 of the vested tokens unlocking on day 1 (=1,875,000 + 2,500,000 + 1,666,667)
- 7.5 million RFUEL vested at a rate of 1/4th every 10 days (vesting occurs on day 1, 11, 21 and 31 since TGE)
- 7.5 million RFUEL vested at a rate of 1/3th every 30 days (vesting occurs on day 1, 31 and 61 since TGE)
- 20 million RFUEL vested at a rate of 1/12th every 30 days (vesting occurs on day 1, 31, 61, 91, 121, 151, 181, 211, 241, 271, 301 and 331 since TGE)
Private Round — 150 million RFUEL tokens
- 58,333,334 million RFUEL unlocked at TGE, comprised of 40 million unlocked tokens and 1/6 of the vested tokens released on day 1, which is 18,333,334 tokens.
- 110 million RFUEL vested at a rate of 1/6th every 30 days (vesting occurs on day 1, 31, 61, 91, 121 and 151 since TGE)
Team & Advisors — 150 million RFUEL tokens
- 150 million RFUEL vested for 24 months with a 6 month cliff, at a rate of 1/18th every 30 days, starting from day 181 since TGE though day 691 since TGE
Reserves — 100 million RFUEL tokens
Will be used for funding strategic initiatives by the Rio Technologies Foundation.
- 10 million RFUEL unlocked at TGE
- 90 million RFUEL released on a rolling basis at a linear daily release rate, starting on day 366 since TGE, such that all reserve tokens have been fully released by day 1,826 since TGE (roughly 5 years since TGE)
Referrals, Promotions, and Bounties — 50 million RFUEL tokens
Distributed for funding of various referral and promotional incentive programs lead by the Rio Technologies Foundation.
- 20 million RFUEL unlocked at TGE
- 10 million RFUEL released on a rolling basis at a linear daily release rate, starting on day 31 since TGE, such that all 10 million tokens have been released by day 180 since TGE
- 20 million RFUEL released on a rolling basis at a linear daily release rate, starting on day 181 since TGE, such that all 20 million tokens have been released by day 720 since TGE
Grants — 100 million RFUEL tokens
Distributed as grants to fund projects built within the Rio Chain ecosystem. Grant proposals will be submitted to Rio Technologies Foundation and voted on by its counsellors.
- No automated vesting for any Grant tokens
- These grants will be for dApps, chain runtime modules, templatized smart contracts, etc.
- All Rio Ecosystem Fund tokens will be locked until grant approval
Staking & Validation Rewards — 350 million RFUEL tokens
Distributed to those staking RFUEL and validating transactions on the network. The APR generated through staking will vary depending on the staking year and the total % of staked RFUEL. Note that we have made a small change to our originally anticipated staking rewards release schedule over the years. Specifically, we have adjusted the release rate by front-loading them to an extent, so as to reward those who commit to the long-term success of the network through early staking.
- 4 emissions of 5 million RFUEL, occurring on day 2, 16, 31, and 46 since TGE, which will be used to fund various staking rewards programs
- 110 million RFUEL released on a rolling basis at a linear daily release rate, starting on day 61 since TGE, such that all 110 million tokens have been fully released by 31st December 2021
- 100 million RFUEL released on a rolling basis at a linear daily release rate, starting on 1st January 2022, such that all 100 million tokens have been fully released by 31st December 2022
- 70 million RFUEL released on a rolling basis at a linear daily release rate, starting on 1st January 2023, such that all 70 million tokens have been fully released by 31st December 2023
- 40 million RFUEL released on a rolling basis at a linear daily release rate, starting on 1st January 2024, such that all 40 million tokens have been fully released by 31st December 2024
- 10 million RFUEL released on a rolling basis at a linear daily release rate, starting on 1st January 2025, such that all 10 million tokens have been fully released by 31st December 2025
New-User Incentive Tokens — 50 million RFUEL tokens
50 million RFUEL will be distributed for free to new Rio Wallets at a rate of 10 RFUEL per wallet for the first 5 million unique mobile wallets (based on device IDs). Note that these promotional RFUEL tokens will be locked, meaning that they can only be used to pay for transaction fees, cannot be transferred to other users, and will only be valid until January 31, 2026. After that time, all promotional tokens will automatically be burnt.
We hope this information is useful to you. Should you have any questions regarding this emission schedule or more generally over RioChain’s economic model please feel free to join the conversation on our official Telegram Channel @riodefiofficial.
About RioDeFi
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:
