Token Economics

First, we need to be abundantly clear. Our token should be viewed as inherently worthless. It holds no basic value. It will receive no distributions of profits from any of our activities. It confers absolutely zero right or claim to any asset of the project. Its sole utility to the holder is DAO membership and governance. Membership benefits will include tiered access to our Discord and ability to participate in crowdfunding rounds from early stage DeFi projects, subject to availability. Governance rights will include the ability to vote on proposals related to the activities of our treasury, product roadmap and development decisions as well as general DAO housekeeping. The benefits are subject to change at all times.

Our token economics at launch will be:

-100m $RSIST tokens at mint.

10% Team - Team tokens will release 10% at TGE and linearly over 12 months following.

22.5% Token Sale - We will release our token to the community through a fair token launch using a dynamic public sale mechanism as inspired by Jones DAO.

Tokens will be allocated in two rounds.

Round One will be available via whitelist reserved for active members of other DAO's, token holders of key DeFi communities and key strategic investors. There will be a total cap and a cap per wallet based off initial interest. This will occur during defined window prior to the public sale and it receive a 2x boost.

Round Two will be available to the public and tokens will be immediately available.

At the close of the public sale, the total raise amount (inclusive of the boosted contribution) will be divided by 22.5m $RSIST tokens to arrive at the initial price. Whitelist participants will receive 10% at TGE and unlock linearly over 6 months. Public tokens will be immediately available with no restrictions.

30% Operations - All essential functions will be funded out of the Operations tokens. This includes developers, management, marketing and any third-party vendors. These tokens will have a one month cliff and then unlock linearly over 48 months. Where possible, we’ll pay for services in our native token first. Otherwise, we will sell tokens out of this budget either on the open market or to own our Treasury. As we’ll discuss later, any tokens purchased by our Treasury will be burned and taken out of circulation.

32.5% Community Pool - The community pool will be managed by the DAO, which will exercise a degree of discretion over its use. Minus an initial amount added to liquidity providers, they will have a one month cliff and then unlock linearly over 48 months. These tokens will serve to reward a variety of DeFi functions on our app, including but not limited to staking rewards emissions, bonding or any vote-escrow locking reward mechanisms contemplated in the future. They may be used for air-drops, bug bounties, as well as other community participation reward campaigns, such as media mining and the like. Lastly, from time to time, we may deploy portions of this pool in conjunction with our Treasury to further partnerships and support other DeFi projects such as lending protocols, liquidity providers or rewards pools.

5% Advisors - A number of key individuals have been instrumental in helping to advise and develop on this project. They will be issued tokens for their services. These tokens will unlock linearly over 6 months.