RAY TOKEN

The basic tokenomics for RAY are explained below:

• 555 million RAY hard cap.

• The total RAY mining reserve consists of 34% of all tokens or 188.7m RAY

• 12% of trading fees are used to buy back RAY

Always double-check the RAY mint address before interacting!

RAY Solana SPL address: 4k3Dyjzvzp8eMZWUXbBCjEvwSkkk59S5iCNLY3QrkX6R

Details on RAY's circulating supply can be found on CoinGecko. The majority of the locked supply remains allocated to the Mining Reserve, Partnership & Ecosystem, and Advisors. The protocol currently emits ~1.9m RAY per year from the mining reserve.

RAY Buybacks |

Allocation:

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 (Unallocated)	2%	11,100,000	5unqG9sYX995czHCtHkkJvd2EaTE58jdvmjfz1nVvo5x
Total	100%	555,000,000

Locked Token Distribution

• Team and seed (25.9% of total) were fully locked for the first 12 months after TGE and unlocked linearly each day over months 13 - 36. Vesting concluded on February 21, 2024.