Rayls announces token economics: Total supply 10 billion tokens, with 35% allocated to the foundation and community, and 15% to TGE.

Odaily Planet Daily reports that EVM blockchain Rayls announced its tokenomics on the X platform. The total supply of RLS tokens is fixed at 10 billion, with TGE allocating 15%, investors 22%, early developers 11%, the core team 17%, and the foundation treasury and community 35%. Rayls stated there will be no off-exchange buybacks; every transaction on the network will trigger automatic burning, with 50% of fee revenue immediately burned and the remaining 50% used in the Rayls Foundation community incentive wallet to support validators, builders, and ecosystem development.

Previously, it was reported that Rayls had been added to Coinbase's listing roadmap and that TGE was planned for December 1st.