TOKEN

RNVI will be Renovi’s utility token and it is integral to the platform. The token allows users to buy and exchange NFTs on the Renovi marketplace and serves as the reward system. RNVI will be issued in a coin offering.

RNVI may be used as follows:

    RNVI will be used as follows:

  • renovi nft image RNVI will be listed on various exchanges to provide liquidity
  • renovi nft image Purchase of NFTs
  • renovi nft image Transaction rebates
  • renovi nft image Competition rewards
  • renovi nft image Grants to incentivise production of quality content 
  • renovi nft image Governance rights on future direction/updates in the platform, select artists, auctions and drops
  • renovi nft image Token burning/staking  
  • renovi nft image Be staked in exchange for NFT relative value analysis/price discovery  
  • renovi nft image Be staked in exchange for additional works to be commissioned  

The total private and public Renovi token sale amounts to 21.5M (19.55%) of the total RNVI supply.

Tokens % Round Price Nominal Circ. Market Cap* Vesting Schedule
10,000,000 9.09 % Seed Round 00000 00000 00000 5% at TGE and then monthly linear distribution over 15 months
9,000,000 8.18 % Private Round 00000 00000 00000 5% at TGE and then monthly linear distribution over 15 months
2,500,000 2.30 % Public Round $0.23 $575,000 $1,218,984 5% at TGE, and then monthly linear distribution over the next 5 months
21,500,000
*at launch 		19.55 % Total Sale 00000 $3,375,000 00000 00000

TOKEN ALLOCATION

Tokens Percentages Token Allocation Vesting
10,000,000 9.09 % Seed Round 5% at TGE and then monthly linear distribution over 15 months
9,000,000 8.18% Private Round 5% at TGE and then monthly linear distribution over 12 months
2,500,000 2.27% Public Sale 5% at TGE, and then monthly linear distribution over the next 5 months
22,000,000 20.00% Marketplace Incentives To be distributed weekly proportional to the volume of sales of the previous week at a variable rate
19,000,000 17.27% Marketing and Community Development 35% at TGE, 5% at month 5, followed by a linear monthly unlock beginning month 13 for 34 months
14,300,000 13% Liquidity Provision 55% at TGE, followed by a monthly linear unlock in month 7 for 18 months
12,670,000 11.52% Ecosystem Development Fund 10% every quarter beginning in month 3 after TGE
18,000,000 16.36 % Team 2% unlocked at month 3 after TGE, then linearly unlocked over 24 months beginning month 13
2,530,000 2.30 % Advisors 2% unlocked at month 3 after TGE, then linearly unlocked over 24 months beginning month 13
110,000,000 100.00 %

USE OF PROCEEDS

The tokens will be distributed as follows:

renovi nft image