TechFlow, November 10 — RaveDAO, a decentralized music and cultural community platform ecosystem, announced the launch of its ecosystem token RAVE, aiming to connect artists, organizers, and fans through token economics and advance a decentralized entertainment ecosystem based on the concept of "Culture as Protocol." Originating from offline music events across multiple global cities, RaveDAO has established branches in Singapore, Dubai, Seoul, Miami, Hong Kong, Brussels, Bangkok, and Amsterdam, and is gradually expanding into European and American markets.
The total supply of RAVE is 1 billion tokens, allocated as follows: 30% 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 public welfare pool. Approximately 23.03% will be released at the token generation event (TGE), with the remainder subject to a 12-month cliff and a 36-month linear vesting period.
Core utilities of RAVE include governance voting, event ticket payments, artist collaboration licensing, and staking incentives. Event organizers can stake RAVE to obtain branding rights and participate in revenue sharing; users can unlock VIP privileges, collect digital collectibles, and earn content rewards through staking. A portion of event revenues will be used to buy back and burn RAVE tokens, creating a deflationary cycle.
RaveDAO stated its goal to establish 50 global branches by 2027, serving over 300,000 participants, while allocating part of its proceeds to charitable initiatives such as the Tilganga Institute of Ophthalmology in Nepal and Nalanda West meditation program in the U.S. RaveDAO has previously collaborated with artists including Vintage Culture, Don Diablo, Lilly Palmer, and MORTEN, as well as institutions like WLFI, Binance, OKX, Bitget, and Polygon, striving to build open entertainment infrastructure for the Web3 era. Additionally, RaveDAO will launch Genesis Membership minting on November 11.
