🧿Tokenomics
Token Metrics
Ticker: REMN Token type: ERC20 and POLYGON (MATIC) IGO Fundraising Goal: 810M $REMN | $450K USD Total Tokens: 10B $REMN (10,000,000,000) Initial Token Price: 1 REMN = 0.00055 USD Initial Market Cap: ~$200k (~$400k w/ liquidity) Fully Diluted Cap TGE: $5.5M
TOTAL RAISE GOAL: $925K
Distribution Off-chain: April 29 (For early staking program to public IDO participants) On-chain: May 19 (ETH) / May 26 (Polygon) Private/Seed Distribution: May 31 (no disadvantage to receiving later as long as before June 2) Vesting: June 15, July 15, Aug 15, Sept 15, etc. DEX Listing (Uniswap, Quickswap): June 2, 4PM UTC *Adding liquidity/buy/sell is disabled until June 2, 4 PM UTC
Post-Launch & Listing Update: $REMN is live on DEX's. The total raise target was not reached due to poor market conditions during and following the launch. A large portion of the funds have been used in DEX liquidity, development, marketing team, and legal & security. The project will not be dropped. Development has continued from the team's pocket until the game's full completion cycle under an extended time-frame towards 2026.
Initial Supply Breakdown
Initial Supply: 761M (7.61%) (w/ Liquidity) | 3.8% (w/o Liquidity) IGO: 1.62% Market Liquidity: 3.8% Seed: 1.1% Private: 0.7375% Marketing: 0.35%
Breakdown and Vesting Schedule
Breakdown | % Total | at TGE | Vesting Schedule | Description |
Play-to-Earn | 25% | Non-linear, 5 years | |
Staking | 15% | Non-linear, 4 years | Also earns SHARDS |
Team | 10% | 12mo cliff, 36mo vest | |
Marketing & Advisors | 7% | 0.35% | 5% TGE, 6mo cliff, 24mo vesting | |
Development | 4.5% | 1mo cliff, 10% 1st mo, 15mo vesting (6%/mo) | |
Seed | 11% | 1.1% | 10% TGE, 9mo vesting (10%/mo) | $0.00025 |
Private | 5.9% | 0.7375% | 12.5% TGE, 7mo vesting (12.5%/mo) | $0.00035 |
IGO | 8.1% | 1.62% | 20% TGE, 4mo vesting (20%/mo) | $0.00055 |
Treasury | 5% | Minimum 6mo cliff, varies | |
Liquidity | 8.5% | 3.8% | 2 year lock, renewed unless migrating DEX | Initial swap liquidity, possible CEX listing, Anti-bot/snipe |
Staking $REMN or $REMN/ETH (Liquidity)
Staking $REMN will be enabled in Q2 2024 with Remnant - Alter Genesis game Alpha. Staking provides $SHARDS (in-game premium currency) over time and %APY returns on $REMN.
The distribution of 15% of $REMN tokens is spread over 4 years of staking rewards.
Each reward period lasts for 3 months.
The $REMN staking distribution (% of total $REMN per 3 months) is as follows:
After 4-5 years when Play-to-Earn and Staking vaults run out, the goal is to have reached a mature Ecosystem of games. Players will be earning more $SHARDS and NFTs that are the true value of the ecosystem.
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