Raze Network Transparency Report #2
Razers,
July was a busy but fulfilling month for Raze Network.
July saw the project launch both our Public Testnet, and a successfully run community vote to adjust the future $RAZE token vesting schedule. We believe that in doing this, we addressed the associated investor risk of future potential selling pressure and can now continue to build the project with less background noise.
As project contributors, the core team at Raze Network collectively share a common belief: when information is shared openly and honestly, the trust, culture, and overall community improves. For this reason, we wanted to share an updated transparency report with you all to ensure we’re clear on the result of the accelerated investor/advisor token vesting.
The Raze Network Transparency Report #2 discloses the major wallet addresses holding significant amounts of $RAZE tokens, their provenances, purposes, status, and vesting schedules. In doing so, we can turn our eyes towards the future of the project: Continuing on with our Public Testnet Bug Bounty Program, ramping up our updated Raze Ambassador Program (RAP), preparing for our Public Mainnet Launch, and beyond.
Without further ado, below is our August Transparency Report data:
- Address 1 : 0xf8b8c5fcc57a3d0ac0f095610e733281dd4f16a5
Purpose : Liquidity Reward
Quantity: 28,990,910
Percentage of Supply: 24.16%
Status: Vesting
Vesting: 10% for Initial Exchange Liquidity, the Rest as Rewards for Liquidity Providers
- Address 2: 0x0e44659fededc3a94e923c440c3151b31f08ce68
Purpose : Operational Reserve
Quantity: 13,387,500
Percentage of Supply: 11.16%
Status: Vesting
Vesting: 15% on TGE, monthly vesting for 24 months
- Address 3: 0x13328b3fbea579769568e2d9b819314cb4f4f9a7
Purpose : Vault
Quantity: 9,600,000
Percentage of Supply: 8%
Status: Locked
Vesting: 0% on TGE, Governance through voting within the community
- Address 4: 0x8b21f46248fc5c13498d8ee85e9db6f2049d0e2b
Purpose : Team
Quantity: 12,000,000
Percentage of Supply: 10%
Status: Locked
Vesting: 0% unlocked for 9 months, then monthly vesting over 12 months
- Address 5: 0x555ab4d1410f6cf5815e7f0733e636cb69b877c6
Purpose : Advisor
Quantity: 0
Percentage of Supply: 0%
Status: Unlocked
Vesting: All tokens unlocked with community-voted new vesting schedule
- Address 6: 0x15f0aa524fc961f0673639707cfc59ad76463362
Purpose : Token Sale
Quantity: 0
Percentage of Supply: 0%
Status: Unocked
Vesting: All tokens unlocked with community-voted new vesting schedule
- Address 7: 0x352d12a21e909a0d93e00ea7df1b1f09bd7ffcc4
Purpose : Token Burn
Quantity: 1,309,090
Percentage of Supply: 1.09%
Status: Locked
Max Supply: 120,000,000
Circulating Supply: 56,021,590
Percentage Circulating: 46.68%
The unlocked tokens are currently managed by our team treasury and are the foundation for airdrops, staking rewards, and liquidity providing. After a successful Public Mainnet Launch, Raze Network will then aim to become DAO governed, giving Network control to the Razer community and $RAZE token holders.
On a final note, we wanted to inform you all that one of our founding team members, Justin Kellison, is no longer working with the Raze Network core team due to personal reasons. Justin was an integral contributor in the early stages of the project, and was a huge part in our successful triple-IDO and TGE event earlier in 2021. Justin will cheer us on from the sidelines as a proud Raze Network alumni, and we wish him all the best with his future endeavours.
Stay tuned for a forthcoming update on an exciting contributor addition to the Raze Network core team, and as always thank you for your unwavering support! #untRAZEable
