# Introducing $RAX

**Published by:** [Artem](https://paragraph.com/@artem-4/)
**Published on:** 2024-05-21
**URL:** https://paragraph.com/@artem-4/introducing-rax

## Content

RAYS is a decentralized platform designed to lower the entry threshold for web3 and accelerate the testing of new hypotheses in the DeFi space. The project offers a user-friendly DApp builder for DeFi bots, Real World Assets (RWA), and Liquid Staking Derivatives (LSD) with AI-powered security. At RAYS, we believe that the launch of our token and the decentralization of the protocol will catalyze tomorrow’s growth. RAYS is the first platform that will allow the developer community to provide unique strategies for users. Our goal is to create a self-sustaining, highly capital-efficient, Investing market for people with different levels of capital. This article highlights the tokenomics of RAYS governance token - RAX. $RAX Overview $RAX is a BEP-20 token. It serves as a utility and governance token within the RAYS ecosystem. Ticker: $RAX; Maximum Supply: 2,500,000,000 (2,5 billion); Initial circulating supply: 74,750,000 (74.75 million); Contract Address: 0x355424b795F5a10Ff0AEAF2a97Ca8caA49A74909; Listing Token Price: $0.0050; Scan $RAX Utility RAYS ecosystem is designed to create value for token holders and stakers. Here are some of the utilities of the RAX token: Incentives: Users who actively use the RAYS platform are rewarded with RAX tokens on a regular basis to stimulate the growth of the user base. DAO Governance: The RAYS platform strives for decentralized protocol management. Most of the token emission will be in the hands of the community for future voting on the most important issues. Earning for Developers: All developers will receive recurring payments for their investment strategies. Platform fees: All fees that will be withheld in favor of the RAYS protocol will be paid in the RAX token. Token Distribution Here’s a detailed breakdown of $RAX allocation. Private Sales: 16% allocation will be distributed to our private sale investors. These investors helped bootstrap the protocol in the initial phase. Vesting terms: vesting conditions are subject to clarification based on the round in which the investor took part. Public Sales: 6% of tokens supply will be distributed to our retail investors who decided to support the protocol and become part of it Vesting terms: 15% on TGE, followed by 9 linear months vesting. Points campaigns: 5% of $RAX tokens to early supporters and liquidity providers on RaysX protocol. Our community enjoys the shortest and most lenient vesting terms Liquidity: 7% of $RAX token supply will be allocated to liquidity pools and market makers. Vesting terms: 30% TGE, 1-month cliff, followed by 12 linear months vesting. External Development Teams: 13% $RAX tokens will be directed to our treasury.We will use these allocations for operating expenses and future team expansion as needed Vesting terms: 10% on TGE, 6-months cliff, followed by 36 linear months vesting. Advisors: 3% of $RAX tokens are reserved for advisors / industry leaders who helped grow the protocol through their experience and connections. Vesting terms: 0% TGE, 3-months cliff, followed by 12 linear months vesting. Team: 15% of $RAX tokens are reserved for team members to incentivize their contributions and the long-term growth of the RAYS protocol. Vesting terms: 0% TGE, 6-months cliff, followed by 36 linear months vesting Marketing & Partnerships Fund: 10% of $RAX tokens are reserved for payments for PR and marketing activities (including bloggers, schillers, etc.). Will be used to support the future product development, ecosystem growth and needs. Vesting terms: 0% TGE, 6-months cliff, followed by 36 linear months vesting. Lock and Earn: 25% of tokens are reserved for staking rewards. Vesting terms: 0% TGE, followed by 60 months vesting. $ZERO Emissions Schedule Monthly emission of tokens RAX is designed in such a way as not to put significant pressure on the price.This is achieved by additional deflationary mechanisms that will have a positive effect on value in the long term. Concluding Thoughts $RAX tokenomics is designed to ensure the long-term sustainability of RAYS protocol. the majority of the tokens will be held by the community, which will allow the protocol to be effectively managed through decentralized voting mechanisms. In the long term, the price will be influenced by declining monthly inflation, as well as the effect of long-term deflationary mechanisms. About RAYS Protocol Rays Protocol: Redefining DeFi Accessibility and Complexity. Read our whitepaper to understand how Rays simplifies DeFi for developers and investors. Website Twitter Telegram Docs

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