RAY Token

This page provides an overview of the core tokenomics of RAY, including supply, emissions, fee-based buybacks, and allocation transparency.

Overview

The basic tokenomics for RAY are as follows:

• RAY has a fixed maximum supply (hard cap) of 555 million tokens

• The mining reserve accounts for 34% of the total supply, or 188.7 million RAY

• 12% of all trading fees generated by the protocol are used to buy back RAY

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RAY mint address

Always double-check the RAY mint address before interacting with the token.

RAY (Solana SPL) mint address: 4k3Dyjzvzp8eMZWUXbBCjEvwSkkk59S5iCNLY3QrkX6R

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Circulating supply and emissions

The majority of the remaining locked supply is allocated to the mining reserve, partnership and ecosystem, and advisor allocations.

The protocol currently emits approximately 1.9 million RAY per year from the mining reserve.

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Allocation

The table below outlines the full RAY token allocation, including associated on-chain addresses.

Allocation	Percentage	Amount (RAY)	Address
Mining reserve	34%	188,700,000	fArUAncZwVbMimiWv5cPUfFsapdLd8QMXZE4VXqFagR
Partnership & ecosystem	30%	166,500,000	DmKR61BQk5zJTNCK9rrt8fM8HrDH6DSdE3Rt7sXKoAKb
Team (vested)	20%	111,000,000	HoVhs7NAzcAaavr2tc2aaTynJ6kwhdfC2B2Z7EthKpeo
Liquidity	8%	44,400,000	85WdjCsxksAoCo6NNZSU4rocjUHsJwXrzpHJScg8oVNZ
Community & seed (vested)	6%	33,300,000	HuBBhoS81jyHTKMbhz8B3iYa8HSNShnRwXRzPzmFFuFr
Advisors	2%	11,100,000	5unqG9sYX995czHCtHkkJvd2EaTE58jdvmjfz1nVvo5x
Total	100%	555,000,000

Locked token distribution

• Team and seed allocations, representing 25.9% of the total supply, were fully locked for the first 12 months following the token generation event (TGE).

• Tokens then unlocked linearly on a daily basis from months 13 through 36.

• All vesting concluded on February 21, 2024.