PANews reported on December 19th that RateX, the Solana ecosystem revenue trading protocol, announced the economics of its RTX token. The total supply is 100 million tokens, with 44.18% allocated to the ecosystem and community, 20% to the team, 20% to the treasury, and 15.82% to investors. Of the 44.18% allocated to the ecosystem and community, 6.66% of the total supply will be allocated in the first quarter airdrop, with the remainder distributed in phases after TGE.
In November, it was reported that RateX had completed a new funding round of $7 million, with participation from Animoca Ventures and others.


Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more