RaveDAO launches the ecological token RAVE to build a decentralized cultural and music economy network
On November 10, the decentralized music and cultural community and platform ecosystem RaveDAO announced the launch of the ecological token RAVE, aiming to connect artists, organizers, and fans through a token economy, promoting a decentralized entertainment ecosystem of 'culture as protocol'. RaveDAO has developed from offline music events in multiple global cities and has established branches in Singapore, Dubai, Seoul, Miami, Hong Kong, Brussels, Bangkok, and Amsterdam, gradually expanding into European and American markets.
The total supply of RAVE is 1 billion tokens, distributed as follows: 30% to the community, 31% to the ecosystem, 20% to the team and co-builders, 5% to early supporters, 5% to liquidity, 3% to airdrops, and 6% to the foundation and public welfare pool. About 23.03% will be circulated after the Token Generation Event (TGE), while the remaining part is subject to a 12-month cliff and a 36-month linear unlocking period.
The core uses of RAVE include governance voting, event ticket payments, artist collaboration authorizations, and staking incentives. Event organizers can obtain brand authorization and participate in revenue distribution by staking RAVE; users can stake to unlock VIP privileges, collect digital collectibles, and receive content incentives. Part of the event revenue will be used to repurchase and burn RAVE to achieve a token deflation cycle.
RaveDAO stated that it plans to establish 50 branches globally by 2027, serving over 300,000 participants, and will donate part of the revenue to public welfare projects (such as the Tilganga Institute of Ophthalmology in Nepal and the Nalanda West meditation program in the United States). RaveDAO has collaborated with artists such as Vintage Culture, Don Diablo, Lilly Palmer, MORTEN, and organizations like WLFI, Binance, OKX, Bitget, and Polygon, committed to building an open entertainment infrastructure for the Web3 era. Additionally, RaveDAO will launch the Genesis Membership minting on November 11.
