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The RING governance token for Ring DAO
RING's total initial supply is 1 billion. The minting capability is controlled by an appointed minter address (this is different from the Minter💰 role). The minter is originally set to the Ring DAO Timelock.
The Ring Core team wants RING to have a balanced and fair distribution between Community, Team, and Investors while prioritizing the Community. Tokens for Ring Core Team, Future Investors, and Community Development Fund are locked in LinearTokenTimelock.sol
High-level RING distribution:
- 40% DAO treasury
- 15% Ring Core Team
- 15% Future Investors
- 10% Staking Rewards
- 13% Community Development Fund
- 6% Grants
- 1% Initial DEX Offering
Medium announcement provides more details regarding the distribution.