R
R
Ref Finance
Search…
R
R
Ref Finance
English
Introduction
Genesis
Tokenomics
Governance
Community
Team
Getting Started
Ref Finance
Overview
Trading
Auto Router
Multi-chain Router
Pooling
Farming
Staking
SECURITY
Contracts
Guardians
Oracles
Audits
Bug Bounty
DEVELOPERS
CLI Trading
CLI Farming
Powered By
GitBook
Tokenomics
Information about our Governance token, REF
General Information
REF
is a Governance token that also rewards its holders with a protocol revenue sharing model.
Token name: Ref Finance
Ticker: REF
Fungible Token Contract: token.v2.ref-finance.near
Fungible Token Standard: NEP-141
Fixed Supply: 100,000,000
IDO: 2,500,000 auctioned via Skyward Finance (July 26–31, 2021)
Token Allocation
Categories
Allocation
Release Schedule
Liquidity Incentives
60%
Year 1: 25%
Year 2: 18.3%
Year 3: 11.7%
Year 4: 5%
Treasury
20%
N/A
Development Fund
10%
4-year linear release
Early Users Airdrop
1%
3-month vesting with 3-month cliff
Future Airdrop(s)
2%
TBD
IDO (Skyward Auction)
2.5%
1-week auction
REF Token Liquidity Provisions
2.5%
N/A
Strategic Airdrop
2%
N/A
Private Fundraising
In March 2022, Ref Finance has closed a strategic Over-the-Counter (OTC) deal with professional investors as well as business angels.
Professional investors are:
Jump Crypto
(Lead)
Alameda Research
Dragonfly Capital
D1 Ventures
OKX BlockDream Ventures
Kucoin Ventures
SevenX Ventures
Woo Network
Move Capital
Puzzle Ventures
The objective of the fundraising is to support
and cover the development cost of the solution for at least 24 months, starting from March 2022.
The total amount raised was $4.5m in stablecoins in exchange for 3,664,943 REF tokens, leading to an average price of 1.227 REF per stable.
The stablecoins breakdown is as follows:
$3.6m USDC
$0.9m USDT
Terms
Price: 7-day market Time-weighted Average Price (TWAP) at a 20% discount
Lockup: 1-year linear release every quarter
More details can be found in the
Ref governance forum
.
Token Utility
1.
Earning protocol revenue
: Users who stake REF tokens to earn fees generated by the protocol
2.
Pooling
: Users who provide liquidity with any REF token pairs earn swap fee from the associated pool(s)
3.
Farming
: Users who stake their LP tokens into different farms, thus earning additional revenue
4.
Governance
(Under Development): Users who stake xREF to participate in the governance and vote on key proposals
Previous
Genesis
Next
Governance
Last modified
27d ago
Copy link
Contents
General Information
Token Allocation
Private Fundraising
Terms
Token Utility