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What is the issuance amount of HahaYes (RIZO) coins?
HahaYes (RIZO) coins have a total issuance of 100 billion, with 50% released during their 2017 ICO and the rest held in reserve by the RIZO Foundation for gradual release over time.
Dec 09, 2024 at 11:24 am
What is the issuance amount of HahaYes (RIZO) coins?
Introduction
HahaYes (RIZO) is a digital currency that is designed for use in the RIZO Ecosystem, a platform that provides a variety of services, including social networking, gaming, and e-commerce. RIZO is based on the Ethereum blockchain, and it uses the ERC-20 token standard.
Issuance Amount
The total issuance amount of RIZO coins is 100,000,000,000. Of this amount, 50% was released during the initial coin offering (ICO) in 2017. The remaining 50% is held in reserve by the RIZO Foundation, and it will be released gradually over time.
Distribution
The RIZO coins that were released during the ICO were distributed as follows:
- 50% to the RIZO Foundation
- 30% to the team
- 20% to early investors
The RIZO coins that are held in reserve by the RIZO Foundation will be released gradually over time to fund the development and growth of the RIZO Ecosystem. The foundation has stated that it will release no more than 10% of the total supply of RIZO coins in any given year.
Use Cases
RIZO coins can be used to purchase a variety of goods and services within the RIZO Ecosystem. These include:
- Social networking: RIZO coins can be used to purchase premium features on the RIZO social network, such as the ability to create custom avatars and to send private messages.
- Gaming: RIZO coins can be used to purchase in-game items and to wager on games.
- E-commerce: RIZO coins can be used to purchase a variety of goods and services from merchants that accept RIZO payments.
Conclusion
HahaYes (RIZO) is a digital currency that is designed for use in the RIZO Ecosystem. The total issuance amount of RIZO coins is 100,000,000,000, of which 50% was released during the ICO in 2017. The remaining 50% is held in reserve by the RIZO Foundation, and it will be released gradually over time. RIZO coins can be used to purchase a variety of goods and services within the RIZO Ecosystem, including social networking, gaming, and e-commerce.
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