RiceQuant Liquidity Mining Program and Token Metrics at We Restart

3 min readMar 16, 2021

In order to ensure the long-term development of the project and ensure that the product has sufficient stability. With the team’s careful consideration, we adjusted the token distribution scheme and the rhythm of liquidity mining.

Distribution of RICE

100% of Initial Circulating Supply Distributed to the Community

RICE: 100% initial circulating supply distributed through seed pools in 36 days. After 36 days, there are no further emissions of RICE before it deployed to Ethereum. There have been NO token sales of any kind.

Long term liquidity mining

The RiceQuant is designed to incentivize liquidity mining over the long run. So we split multi parts of liquidity mining program to match our product devepment and multi-chain deployment.

With the Rice minting in liquidity mining, the rToken also will be mint through liquidity mining. Don’t worry about rapid inflation of rToken, because it under protection by rebase mechanism.

rToken Liquidity Mining Open Time will be pressed in our twitter.

How to earn RICE and rToken

We have introduced how to earn RICE before. You can review aritcle to aping into RICE. Some things are worth nothing here, we will not support hecochain in current stage. Please switch Heco to BSC and provide liquidity in PancakeSwap but not in MDEX.

Choose one or more seed pools in the RICE POOL. Pools displayed in below will be supported at the early stage. But we still want to remind you that these pools are gradually opening up. Yeah, this is just to ensure the stability of the product. The opening up steps also will be updated in twitter.

Token metrics

$RICE Metrics

Total supply: 21 mil

Initial circulating supply in about the first month(about 36 days): 6.3 mil

Staking/liquidity mining rewards — 12.6 mil (60% of total supply)

— Initial circulating supply (distributed via seed pools): 6.3 mil (30% of total supply)

— Reserved for future staking/LP rewards: 6.3 mil (30% of total supply “When our new product modules go online and it need incentives or deploy contracts to Ethereum, we will mint this part.”

Ecosystem reserve, strategic partnerships, operations, development, and strategic sales — 5.88 mil (28% of total supply)

— Ecosystem reserve tokens vest over 14 months (starting after deployed to Ethereum, enforced by smart contract)

— Up to 2.1 mil (10% of total supply) of the $RICE allocated to the ecosystem reserve may be used for future strategic sales, which would be subject to long term vesting. There have been NO token sales as of the date of this article.

Team and advisors — 2.1mil (10% of total supply)

— Vesting over 10 months (starting after deployed to Ethereum, enforced by smart contract. After the $RICE contract is deployed to Ethereum, the tokens of the team and advisors will be locked in the contract for 3 months. Then release linearly for 10 months)