♐$RVRS Tokenomics

An overview Reverse's utility token, RVRS

The Reverse Token (RVRS) is the key to accessing the benefits of Reverse Protocol.

Each RVRS token represents a share of the Reverseum Treasury, which is a community governed treasury representing a basket of assets earning yield on DeFi.

Since there are no current emissions, there is no need for a staking contract at this time. In the future there may be a contract implemented to manage distribution rewards.

Creating value to reward holders of the RVRS token is core to the principles on which Reverse Protocol is built.

Initial Supply Distribution

This information is deprecated now due to migrating to Arbitrum. Token distribution was 1:1 with the old RVRS token on Harmony at the time our exit snapshot was taken.

RVRS has a hard cap of 500,000,000 tokens, of which 7,025,000 RVRS will be pre-minted and distributed as follows

• 1,000,000 RVRS: Allocated to the IDO on Artemis Protocol.

• 700,000 RVRS: Allocated for initial liquidity. 75% LP tokens burnt to guarantee liquidity, 25% held in multisig.

• 225,000 RVRS: Allocated to team at launch. 75k was returned to the multisig.

• 100,000 RVRS: Allocated to the multisig.

• 5,000,000 RVRS: Allocated to initial bonding pools – initially held in multisig.

Ongoing Supply

Currently there are no emissions of RVRS. In the future there may be emissions used in the process of Bonding user funds to the Treasury in exchage for RVRS at a rate set by community consensus.

There was no private sale / seed round for RVRS tokens.