RENEC Lend
  • Protocol
    • Parameters
    • Liquidation
    • Audit
  • Staking
    • Secure Vault
  • Governance
    • Governance token: RELEND (REL)
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  • Introduction
  • Tokenomics
  1. Governance

Governance token: RELEND (REL)

PreviousGovernance

Last updated 4 months ago

Introduction

RELEND token is the native token of the RENEC Lend platform. Owning REL means you have access to the unique benefits of the platform:

  • Governance and Upgrades:

    • Token holders participate in decision-making for protocol upgrades, fee adjustments, and addition/removal of assets.

    • Proposals can be submitted by token holders for consideration, requiring a certain threshold of tokens to be staked to qualify.

  • Staking RELEND: You can stake REL on the RENEC Lend platform to earn passive income.

  • Liquidity Provision: You can provide liquidity to the REL pool on and receive fees from the pool.

  • Borrowing Fee Discounts and Lower Interest Rates: When you use REL, you'll enjoy borrowing fee discounts and lower borrowing interest rates.

  • Trading RELEND on DEXs and CEXs: You can trade REL on decentralized exchanges (DEXs) and centralized exchanges (CEXs) to buy, sell, and trade this token.

  • Exclusive Member Accesses: If you hold REL, you can access exclusive programs such as Liquidity Programs and Referral Programs.

Tokenomics

Tokens are the lifeblood of cryptocurrency investments, serving as the medium of exchange and trust within the crypto space. Understanding Tokenomics is key to making informed investment decisions and maximizing personal benefits.

RELEND Tokenomics focuses not only on transparency and fairness but also on critical elements like community stability and growth. Here's a snapshot of REL Tokenomics as of the latest update:

Name: Relend Token

Symbol: REL

Total Supply: 1,200,000,000 REL

Token Allocation Details:

  • Development Team and Advisors:

    • Amount: 15%

    • Purpose: reward for team members and advisors

    • Vesting plan: unlock after 3 years

  • Ecosystem Development:

    • Amount: 20%

    • Purpose: use for liquidity, partnership, and ecosystem growth

    • Vesting plan: unlock 100% after token launch

  • Treasury:

    • Amount: 20%

    • Purpose: used to enhance security and stability of protocol in future. After 3 years, the leftover amount will be burned

    • Vesting plan: unlock 100% after token launch

  • IDO:

    • Amount: 5%

    • Purpose: use for IDO listing

    • Vesting plan: unlock after 1 year

  • Community Rewards:

    • Amount: 40%

    • Purpose: use for staking rewards, airdrop and other community engagement events

    • Vesting plan: unlock 100% after token launch

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