Tokenomics
Last updated
Last updated
Emission type: fixed
Total emission: 500 million $READ
Blockchain: Ethereum
Liquidity
100 million
20%
User incentives*
250 million
50%
Ecosystem
90 million
18%
Marketing**
40 million
8%
Team
20 million
4%
*For the User incentives pool, 50% of the tokens is linearly vested for the first 12 months (more aggressive emission), and the other 50% is vested for the remaining 24 months. ** For the Marketing pool, 20% of tokens are unlocked immediately and the rest is linearly vested for 12 months.
Readme operates on a self-funded model. Our objective is to execute a fair launch for the $READ token in early January 2024, ensuring all users have equal opportunities to acquire the token from the outset.
Given our decision not to engage in public sales, presales, or venture capital funding rounds, we are introducing buy and sell taxes within the $READ token contract. These taxes are intended to facilitate the rapid development and expansion of the Readme platform.
Buy Tax: A 5% tax will be applied to all purchases of $READ tokens.
Sell Tax: Similarly, a 5% tax will be imposed on all sales of $READ tokens.
The revenue generated from these taxes will be reinvested into the platform, contributing to marketing efforts, community engagement, and further development projects.
These taxes represent a strategic approach to funding Readme's growth while upholding our commitment to fairness and transparency. By avoiding traditional fundraising methods, we maintain our independence and align our financial strategies with the interests and well-being of our user community.
