RaveDAO launches the ecosystem token RAVE to build a decentralized culture and music economy network.

Deep潮 TechFlow news, November 10th, RaveDAO, a decentralized music and cultural community and platform ecosystem, announced the launch of its ecosystem token RAVE, aimed at connecting artists, organizers, and fans through a token economy to promote a decentralized entertainment ecosystem based on “culture as protocol.” RaveDAO evolved from offline music events in multiple global cities and has established branches in Singapore, Dubai, Seoul, Miami, Hong Kong, Brussels, Bangkok, and Amsterdam, with plans to expand gradually into European and American markets.

The total supply of RAVE is 1 billion tokens, with 30% allocated to the community, 31% to the ecosystem, 20% to the team and co-founders, 5% to early supporters, 5% to liquidity, 3% to airdrops, and 6% to the foundation and charity pools. Approximately 23.03% will be circulating after the Token Generation Event (TGE), with the remaining tokens subject to a 12-month cliff and a 36-month linear unlock schedule.

Core uses of RAVE include governance voting, event ticket payments, artist collaboration licensing, and staking incentives. Event organizers can stake RAVE to obtain brand authorization and participate in revenue sharing; users can stake to unlock VIP privileges, collect digital collectibles, and earn content incentives. Some event proceeds will be used to buy back and burn RAVE tokens to achieve a deflationary cycle.

RaveDAO plans to establish 50 branches worldwide by 2027, serving over 300,000 participants, and will donate part of its proceeds to charitable projects such as the Tilganga Eye Center in Nepal and the Nalanda West meditation program in the United States. RaveDAO has previously collaborated with artists like Vintage Culture, Don Diablo, Lilly Palmer, and MORTEN, as well as institutions such as WLFI, Binance, OKX, Bitget, and Polygon, aiming to build an open entertainment infrastructure for the Web3 era. Additionally, RaveDAO will initiate Genesis Membership minting on November 11th.