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Team Fund
Team funds are allocated at 10% of the token distribution (55,000,000 million $RCC) to reward Royal Chess Club team for their early contributions to the project.
Team funds will be subjected to vesting periods, with a monthly release to protect any sell off of their tokens immediately after receiving them. This helps to ensure that the Royal Chess Club team have a long-term view of the project's success and are committed to its ongoing development.
The annual release structure for team funds will be allocated in the following breakdown:
- Year 1: 5M $RCC (416,667 monthly)
- Year 2: 10M $RCC (833,333 monthly)
- Year 3: 15M $RCC (1,250,000 monthly)
- Year 4: 25M $RCC (2,083,333 monthly)
Last modified 8mo ago