Disclaimer: All token/coin introduces on Xstar are collected from the third party, not necessary mean an encouragement on investing. Please invest basing on your own observation and decision.
The innovative Red programming stack offers a better solution , which will greatly simplify smart contract development and improve their security. A new token, named Red Community Token (RED), has been created to fuel the growth of the Red open source programming stack and its community. The Red toolchain will be extended to ease the development of more secure smart contracts and Decentralized Applications (Dapps) superseding current, inadequate tools and their complex architectures.
Holding RED tokens will be the pre-requirement to be a member of the Red DAO. The membership will provide privileges, including but not limited to, voting rights over different aspects of the whole project, such as prioritizing new features and bug fixes. Transactions between community members themselves, including but not limited to, tipping other developers contributions and intra-community services will require RED tokens. The Red community will pave the way of a new economical model for open source projects communities, building community tools powered by Dapps and RED tokens, which could be used later on, by other open source communities.
The total fixed supply of RED tokens is 200,000,000：
Private investors —— 10% (20,000,000) with a 3 months lockup period.
earlybird & open rounds —— 30% (60,000,000)
Red team —— 15% (30,000,000) with a 12 months lockup period.
Red Foundation —— 35% (70,000,000)
Marketing/Strategic —— 10% (20,000,000)