RaveDAO launches its ecosystem token RAVE to build a decentralized cultural and music economy network.

RaveDAO, a decentralized music and culture organization, announced the launch of its ecosystem token, RAVE, aiming to connect artists, organizers, and fans through token economics and promote a decentralized entertainment ecosystem based on the principle of "culture as protocol." RaveDAO originated from offline music events in multiple global cities and currently has branches in Singapore, Dubai, Seoul, Miami, Hong Kong, Brussels, Bangkok, and Amsterdam, gradually expanding into the European and American markets. The total supply of RAVE is 1 billion, with 30% allocated to the community, 31% to the ecosystem, 20% to the team and co-builders, 5% to early supporters, 5% to liquidity, 3% to airdrops, and 6% to the foundation and charity pool. Approximately 23.03% will circulate after the token generation event (TGE), with the remainder having a 12-month clamp and a 36-month linear unlocking period. RAVE's core uses include governance voting, event ticket payments, artist collaboration licensing, and staking incentives. Event organizers can stake RAVE to obtain brand licenses and participate in revenue sharing; users can stake to unlock VIP privileges, collect digital artifacts, and earn content incentives. A portion of the event proceeds will be used to buy back and burn RAVE tokens, achieving a deflationary cycle. RaveDAO stated that it plans to establish 50 branches globally by 2027, serving over 300,000 participants, and will donate a portion of the proceeds to charitable projects (such as the Tilganga Eye Center in Nepal and the Nalanda West Meditation Project in the United States). RaveDAO has collaborated with artists such as Vintage Culture, Don Diablo, Lilly Palmer, and Morten, as well as organizations like WLFI, Binance, OKX, Bitget, and Polygon, aiming to build open entertainment infrastructure for the Web3 era. Furthermore, RaveDAO will launch its Genesis Membership minting on November 11th.