TL;DR
- Rage Trade will launch its token $RAGE on August 7 on the new Hyperliquid blockchain.
- 20 million tokens will be sold at a fixed price of $0.30 during the public sale.
- The project implements a “Rage Quit” mechanism that allows investors to obtain immediate liquidity with a penalty.
Rage Trade, the decentralized exchange (DEX) aggregator, has announced the launch of its new token, $RAGE, which will take place through a liquidity generation event and a public sale on Fjord Foundry on August 7.
With a total supply of 100 million tokens, Rage Trade has designed a strategic distribution aimed at fostering community participation from day one.
$RAGE Tokenomics Overview
Supply: 100M $RAGE
Token Distribution:
• Token sale: 35%
• Community Treasury: 30%
• Team: 15%
• Private Purchasers: 13.5%
• Airdrop: 6.5%
– V1 Users: 4%
– V2 Users: 1.25%
– @HyperliquidX OG spot traders: 1.25%👉https://t.co/YZBnc9b0gc pic.twitter.com/GrswuJjiJ9
— Rage Trade (@rage_trade) July 11, 2024
Of this supply, 20 million tokens will be available in the public sale at a fixed price of $0.30, representing an attractive opportunity for investors interested in the ecosystem.
The token distribution is designed to ensure that the community holds a greater proportion than the team and investors, with 30% allocated to the Community Treasury.
This fund will be used for the long-term development and sustainability of the project and will be released with a 12-month cliff followed by a 24-month linear vesting period.
On the other hand, the team will receive 15% of the tokens under similar conditions, ensuring a long-term commitment from the founders.
One of the most innovative features is the “Rage Quit” option, which will allow private buyers and airdrop users to obtain 40% of their tokens immediately after a three-month period, at the cost of burning the remaining 60%.
This mechanism is designed to provide immediate liquidity, allowing users who do not wish to hold the token long-term to exit the project quickly.
In this way, Rage Trade seeks to balance the need for liquidity with the sustainability of the ecosystem.
Rage Trade has chosen to launch its token on Hyperliquid, a newly launched blockchain that has quickly gained popularity due to its focus on derivatives trading.
Currently, Rage Trade aggregates liquidity from platforms such as GMX, Synthetix, Dydx, and Aevo, allowing traders to manage their positions across multiple chains and benefit from incentives on each one.
The Promise of $RAGE for the Community
The introduction of $RAGE not only represents a new way to interact with the Rage Trade ecosystem, but also a significant step towards creating a solid and committed community.
With a focus on community ownership, users are expected to feel more incentivized to actively participate in the growth and development of the project.
The ability to access incentives through the Community Treasury ensures that the community can directly benefit from the health and success of the ecosystem.
Additionally, the token unlock structure, with cliffs and clearly defined vesting periods, provides a transparent roadmap for all participants.
This is crucial for maintaining trust among investors and the community, as everyone can anticipate how the token supply will behave over time.
The launch of $RAGE on Hyperliquid is an ambitious initiative that promises to revolutionize the way users interact with DEX and the DeFi ecosystem.
With a clear focus on the community and innovative mechanisms to encourage participation, Rage Trade positions itself as a key player in the future of decentralized finance.
