The ROOCH token powers the Rooch Network, an application layer on the Bit blockchain. The recently released ROOCH token economics outlines its allocation and use within the ecosystem. This article explains what ROOCH is and how its tokenomics are structured.
What is the ROOCH token?
ROOCH is the native token of the Rooch Network, designed to support its ecosystem. It incentivizes participation, rewards users, and fosters developer engagement.
How is ROOCH's total supply allocated?
The total supply of ROOCH is 10 billion tokens, divided as follows:
20% to the community (rewards, developer support, liquidity).
40% to the ecosystem (node operators, grants).
40% to the team (early supporters, core contributors).
What are the token release timelines?
Community and ecosystem tokens: 3% unlocked at TGE (Token Generation Event), with the rest released linearly over time.
Team tokens: Locked for six months, then gradually unlocked.
In conclusion, ROOCH's tokenomics emphasize community involvement and ecosystem growth. Its structured allocation supports long-term sustainability for the network.
What is ROOCH Token Economics and How Does It Work? - I hope this article was informative.
