Ramen remains deeply committed to our community. From the outset, even before the launch of the Hungrybera NFTs, our vision for Ramen has been centered around building a community-driven protocol.
In recent months, our team has diligently worked to keep the community engaged and informed through our monthly community calls. We have also pursued high-quality collaborations with innovative projects, offering exclusive whitelists and free mint opportunities to Hungrybera NFT holders.
In the most practical and tangible manner, our vision is concretely realized through our thoughtfully structured tokenomics and community incentive programs, which are designed to reward early participants while ensuring sustainable long-term growth for the protocol.
We initially received substantial interest from venture capital firms and angel investors; however, we ultimately chose not to pursue a venture round. While raising venture capital is a viable option, we decided that the funding we’ve secured from the Hungrybera NFT launch was sufficient for the protocol at the present moment. This decision allowed us to maintain our full focus on our community, allocate a larger portion of the token supply to community incentive programs, and keep our valuation compelling.
Tokenomics
Please note that these details are subject to change.
The total supply of $RAMEN tokens will be 100 million. Of this, 92% will be locked and vested as gRAMEN, with no further token emissions or inflation.
The allocations towards Ecosystem Treasury, Core Contributors, and Advisors will be vested linearly over 18 months as gRAMEN.
Community Incentives will constitute 61% of the total token supply. In the first Community Incentive Season, 21,000,000 tokens will be airdropped as gRAMEN to Hungrybera NFT holders and early community contributors. The remaining 40,000,000 gRAMEN will be vested and distributed in subsequent Community Incentive Seasons, aimed at rewarding and incentivizing positive contributions and participation. Further details on Community Incentives will be provided in the next section of this article.
Community Incentives Season 1
Please note that these details are subject to change.
Community Incentives Season 1 will coincide with the launch of Ramen Finance on Berachain mainnet. This season is dedicated to rewarding early community contributors and holders of Hungrybera NFTs with gRAMEN, which will enable them to earn Gacha and participate in the first Curated Launches.
We are allocating 16,000,000 gRAMEN, representing 16% of total supply, to Hungrybera NFT holders. This supply is distributed equally among all 7,500 NFTs, meaning holders receive 2,133.33 gRAMEN per Hungrybera NFT.
The Diamond Paw Bonus allocation is crafted to provide additional rewards to dedicated holders of Hungrybera NFTs. The longer you hold your Hungrybera NFTs, the greater your Diamond Paw Bonus will be. This bonus will be automatically calculated for all eligible holders, with the precise formula to be revealed as we approach the launch date.
The Community Contribution Bonus is allocated to recognize and reward active engagement within the Ramen Discord server. Members who make significant contributions will earn Bing Bong Credits (BBC), which can be exchanged for specific roles within the server. The amount of gRAMEN awarded will vary based on the role assigned. More details about this role-based reward system are available in our Discord server. Any unutilized rewards will be reallocated to Diamond Paw Bonus.
Additionally, 30 participants in the Ramen Cookoff, a gamified challenge on the Berachain Bartio testnet, will be eligible for prizes ranging from 6,300 gRAMEN to a grand prize of 100,000 gRAMEN.
Future Community Incentives Seasons
A total of 40,000,000 gRAMEN will be allocated to the Community Incentives Treasury and will be locked and vested linearly over 12 months. This allocation will be distributed in future Community Incentives Seasons.
These incentives will be designed to retroactively reward positive actions that contribute to the growth of Ramen, including but not limited to participating in launches, staking $RAMEN, contributing to protocol governance, and making successful user referrals.
RAMEN <> gRAMEN
$RAMEN is the liquid utility token for Ramen. It can be locked to receive gRAMEN at a 1:1 conversion rate. For instance, locking 1,000 $RAMEN tokens will instantly create a position of 1,000 gRAMEN tokens.
gRAMEN, a non-transferable governance token, allows holders to earn Gacha, and in the future, participate in protocol governance.
The maximum locking duration for gRAMEN is 16 weeks. Users can redeem their gRAMEN for $RAMEN at any time, though an unlock tax will apply for redemptions made before the 16-week period concludes. $RAMEN tokens from the unlock tax will be burnt and removed from circulation. For instance, redeeming 1,000 gRAMEN with a maximum unlock tax rate of 50% will result in the user receiving 500 $RAMEN, while the remaining 500 $RAMEN will be burnt.
Read for more details about the conversion process and unlock tax.
The Ramen Shop will soon welcome all beras
As the Berachain mainnet looms ever closer to reality, Ramen will be offering valuable tools for efficient liquidity bootstrapping and equitable token distribution to the most innovative and narrative-defining protocols in the ecosystem.
Through our meticulously designed tokenomics and incentives programs, our goal is to foster a robust, engaged, and ecosystem-aligned community of ramen-loving beras, empowered to discover and contribute to these protocols over the long term.
For newcomers to Berachain or Ramen, we invite you to join our Discord server and follow us on X.
Discord: discord.gg/ramenfinance
X: https://x.com/ramen_finance
