Ethereum Tokenomics
$REFI Tokenomics
Last updated
$REFI Tokenomics
Last updated
The REFI token is an ERC20 token launched with a fixed supply of 1,100,000,000.
The ReFi Protocol token, REFI, is a relaunched token of Viridis Network’s VRD token. The relaunch of the project is driven by a strategic rebranding to tokenize diverse carbon projects for rental within the Web3 community, aiming to finance and guarantee nature preservation.
Key catalysts which have driven the relaunch include the enhancement of our team with top talent in the climate tech space, the introduction of a new token and ticker to attract attention and secure VC funding, the launch of the V1 platform, and strong community support throughout market downturns.
As of July 2024, 75% of REFI token supply is circulating, with the remaining allocated as follows:
10% of token supply is locked for 3 months and is allocated towards additional liquidity for listings and team funds. Vesting will begin in October 2024 at rate of 1% of token supply released linearly for 10 months.
10% of token supply is allocated towards marketing, partnerships and development.
5% of token supply is allocated towards pool of tokens that fund the perpetual staking rewards.
REFI is a fair launched token, with no presale or VC holding. The 5/5 tax for trading REFI on Uniswap REFI/ETH pair has enabled us to self-fund our mission without large institutional holding. The application of linear vesting prevents sudden, large token unlocks diluting down tokenholder value.
