Ranger will launch a token sale on MetaDAO, offering 39.02% of the total RNGR supply.
TL;DR
Ranger's RNGR token sale on MetaDAO in early December aims to raise at least $6 million, selling 10 million tokens (39.02% of supply). Funds go to a vault with controlled team access, and tokens have an 18-month lock-up with price-based unlocks.
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According to Foresight News , Ranger, a DEX aggregator on the Solana blockchain, plans to launch an RNGR token sale via MetaDAO in the first week of December, lasting four days. The minimum fundraising target is $6 million. After the fundraising period ends, the final confirmed fundraising amount will be divided by the 10,000,000 tokens sold to determine the offering price. All funds will go into a vault controlled by token holders. The team will be able to receive a monthly budget of $250,000 from the vault. Aside from pre-set monthly stipends, the team will not have direct access to the vault funds.
In the RNGR token economic model, this ICO will sell 10,000,000 RNGR, accounting for 39.02% of the total supply. Of the remaining tokens, liquidity provision accounts for 11.32%, investors for 17%, the team for 29.66%, and the ambassador program for 3%. There is no pre-allocation upon team launch, and a maximum of 7,600,000 RNGR can be unlocked through performance. There is a minimum 18-month lock-up period, and the tokens will be unlocked in five phases when the token price reaches 2x, 4x, 8x, 16x, and 32x of the ICO price. Each phase requires confirmation by the TWAP price over 3 months.