Relation Protocol announces its native token REL economic model

Relation Protocol unveils its REL token economic model

Relation Protocol has formally announced its native token REL’s token economics model to empower Web3 social users.

Relation, an innovative decentralized social graph protocol, has announced the token economics model of its native utility and governance token REL. With a total supply of 1 billion tokens, REL aims to drive the development of the Relation ecosystem and provide users with many practical tools, thus redefining the social network landscape through decentralized and token-based incentive measures.

About Relation

Relation is a decentralized social graph protocol that can build account systems and decentralized data layers on existing blockchains. This approach can generate complex, interrelated data structures with built-in privacy and interoperability features, creating a more transparent, fair, and user-centric social network experience. By leveraging the graph data model RDF, Relation builds a semantic layer on Web3, enabling the integration of AI algorithms to provide personalized and intelligent Web3 experiences. By standardizing data formats and implementing programmable social privacy, Relation enables developers to create decentralized applications (dapps) with meaningful community relationship management. Through its native token REL, Relation allows users to take control of their social network experience and actively participate in platform governance.

Relation Token Distribution

The distribution of 1 billion REL tokens is as follows:

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* Unlock 10% 6 months after TGE, followed by a lock-up period of 6 months, and then a monthly release of 36 months

** Unlock 16% 3 months after TGE, followed by a lock-up period of 6 months, and then a quarterly release of 18 months

*** Unlock 10% after TGE, followed by a daily release for 365 days

REL Token Utility

As an important part of the Relation ecosystem, REL tokens provide multiple utilities:

• Support for future scalability solutions networks: REL tokens will be used to support future scalability solutions to ensure smooth and efficient network operations.

• Social credential verification: Staking REL tokens can become a verification node to verify social credentials in the Relation protocol, further enhancing the platform’s credibility and trustworthiness.

• Protocol governance: Token holders can participate in the future development and decision-making process of the Relation protocol, creating a truly decentralized platform.

• Proposal pledging: REL holders can pledge their tokens to propose and receive rewards, thereby encouraging community interaction and active participation.

• Protocol service payment: Users can use REL tokens to pay for various services within the Relation protocol, such as the Relation.soul service.

Jessica Chang, founder of Relation, said: “By introducing the REL token and its applications in our ecosystem, we have taken an important step towards empowering decentralized social networks.” “Our commitment is to create a truly decentralized and democratic social platform that aims to promote meaningful tokenized relationship management, AI-driven community building, and help social users seamlessly join the Web3 world.”

Relation Labs official website link

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