A community-managed treasury opens up a world of infinite possibilities. We hope to see a variety of experimentation, including ecosystem grants and public goods funding, both of which can foster additional Ray Network ecosystem growth. Ray Network has set the standard for automated liquidity provision: it is now time to set the benchmark for responsible but radical, long-term aligned on-chain governance systems.
Ray Network governance will be live from day one (smart contract release date).
In the meantime, XRAY holders will have immediate ownership of:
Initial governance parameters are as follows:
Used to withdraw rewards from the Delegators Distribution Program (CeFi). Soon to be replaced by a smart contractaddr1q9gfz2dpdvev0yvnph2jgdh5ugwrfq0mnm5gzl972q0gxpvxdtxynggtwq540uzww6p66ezxkwa7w9snynphc36kuqesxk56gx
Used to store development & marketing fundsaddr1qx6ndpw2uma2qytf2zynvv4crqdwkmck0a2r4vm20gwkzercd5kvnadmwssrwpce6x4c2rm7t6aj3rlkfh2f775fu7fqsdyray
Collateral wallet with XRAY for redeeming XDIAMOND with rate 1 XDIAMOND = 100 XRAYaddr1q9j55y5p7lyq3esn7xwrae5k9ez30639dj3ct7pp6fjkavvhuchtelm0kpr4pfvht57xcx4qd80tr3q9gg4s9h3d22uqjxm9p9
10,000,000 were sent to ISPO CeFi Distribution Wallet.
31,000 XDIAMOND NFTs were minted. 16,000 were sent to ISPO CeFi Distribution Wallet for covering Early Delegator Bonus, 10,000 to XDIAMOND Community Wallet, and 5,000 to Development & Marketing Fund Wallet.
406,152,800 XRAY tokens were minted, and then 392,614,600 XRAY were burned to get initial supply of 13,538,200 XRAY. 10,000,000 were sent to ISPO CeFi Distribution Wallet, 3,100,000 to XDIAMOND Collateral Wallet, and 438,200 to Development & Marketing Fund Wallet.