
Rage Trade is a multi-chain perp aggregator that works across all compatible chains (EVM L2s, L1s, AppChains, Cosmos, etc).
Aug 7, 2024 00:00:00
Aug 7, 2024 00:00:00
ICO Details
Ticker Symbol:
RAGE
Blockchain Network:
Ethereum
Token Type:
ERC-20
Category:
ICO Token Sale Price:
1 RAGE = 0.30 USD
Rating:
Total Supply:
100,000,000 RAGE
Initial Market Cap:
$10,500,000
Private Sale:
13,500,000 RAGE
Public Sale:
20,000,000 RAGE
Team:
15,000,000 RAGE
Liquidity:
9,000,000 RAGE
Treasury:
30,000,000 RAGE
Marketing:
6,000,000 RAGE
Airdrop:
6,500,000 RAGE
Private Sale 13.50%
Public Sale 20.00%
Team 15.00%
Liquidity 9.00%
Treasury 30.00%
Marketing 6.00%
Airdrop 6.50%
What Is Rage Trade?
Rage Trade is a multi-chain perp aggregator that works across all compatible chains (EVM L2s, L1s, AppChains, Cosmos, etc).
Rage Trade Unique Features
Aggregated Liquidity
Trade against deep unified liquidity across multiple perps and chains at once.
EOA wallet compatibility
The Rage Aggregator compatible with your favorite EOA wallets. This means you can begin trading instantly once you connect your wallet.
Optimized routes
The route selector now automatically labels routes with incentives. You also sort all exchanges based on the best price or funding rates. Our design ensures you always trade with ease!
Roadmap
2024/Q1
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Launch Aggregator Lite
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Roll out revamped UI/UX
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Integrate GMX v1/v2 on Arbitrum
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Integrate Synthetix v2 on Optimism
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Integrate app chains: Hyperliquid and Aevo
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Received 100k $ARB from GMX Governance
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Commence Fee Rebate & Trader Competitions on GMX v2
2024/Q2
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Integrate dYdX v4
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Receive 425K $ARB from Arbitrum LTIPP
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Release details on Points Program
2024/Q3
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Token sale on Fjord Foundry
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Token Generation Event on Hyperliquid L1
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Invest $RAGE treasury into Hyperliquid L1 ecosystem
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Hyperliquid native assets
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Decentralize and open-source the Rage app
2024/Q4
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Rage Perp Aggregator
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Expand to Solana ecosystem (Drift, Jupiter, etc)
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New Chain Integrations
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EVM L2/L1 (Blast, Berachain, Monad)
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Appchains (Reya, Blackwing, etc)
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New Aggregator features
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Smart Routing
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Chain abstraction to improve multichain UX
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Onchain Perp Screener (like Dexscreener for perps)
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Easy onboarding from CEX
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$RAGE Token
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Invest $RAGE treasury into projects deployed on Hyperliquid EVM
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Projects that compose with Hyperliquid’s orderbook
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Launch governance forum for $RAGE holders to vote on new integrations
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Rage Trade Token Economy
$RAGE is the native token for Rage Trade, one of the early utility spot tokens on Hyperliquid L1.
The token sale is divided into two phases:
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Public Sale on Fjord Foundry – A fixed-price public sale on Jul 31, 2024.
-
TGE on Hyperliquid L1 – Token generation event on Hyperliquid L1’s spot market, starting 3 days after the public sale ends.
Key Details:
-
Launch Date: July 31st, 2024
-
Public Sale Price: $0.30
-
Market Cap: $10.50M ($30M FDV)
-
Total Supply: 100,000,000 $RAGE
-
Circulating Supply: 35,000,000 $RAGE (35% of total supply) allocated with the following distribution:
-
Public Sale on Fjord Foundry: 20% of total supply (20M $RAGE)
-
TGE on Hyperliquid L1: Up to 9% of total supply (15M $RAGE) seeded into Hyperliquidity
-
Market Making / Product Incentives: 6% of total supply (6M $RAGE)
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Token Vesting: All of the tokens will be unlocked at TGE for Public Sale participants
Note: Community owns more than private purchasers+team from Day 1.
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35% Public Sale + TGE + MM / Product Incentives (no cliff, no vesting)
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6.5% Airdrop (3-month cliff + 3-month linear vesting)
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13.5% Private Purchasers (3-month cliff + 15-21 month linear vesting)
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15% Team (12-month cliff + 24-month linear vesting)
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30% Treasury (12-month cliff + 24-month linear vesting)
This ensures no additional token supply for at least 3 months beyond the initial 35% allocated to the token sale, enabling secondary market buyers to participate without extra sell pressure and potentially earn Hyperliquid points during the L1 season.
I) Public Sale on Fjord Foundry
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Date: July 31, 2024
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Allocation: 20% of total token supply (20,000,000 $RAGE)
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Price: $0.30 (Fixed Price Sale)
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Duration: 7 days
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More Details:
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Part of the funds raised from the public sale will be earmarked for liquidity provision activities.
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These funds will initially seed USDC in hyperliquidity after the sale.
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Any remaining funds or unsold tokens will solely be used for future market-making to support liquidity.
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II) TGE on Hyperliquid L1 (Seeding Hyperliquidity)
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Date: 3 days after Public Sale concludes
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Allocation: Up to 9% of $RAGE + portion of the funds raised.
III) Market Making / Product Incentives
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Allocation: 6% of total token supply (6,000,000 $RAGE)
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More Details: Earmarked for future market-making or community incentives
Circulating Market Cap:
-
$10,500,000 at the public sale price ($0.30)
The Rage Team is offering the token at a low FDV and high float to set precedent for a community oriented TGE (similar to old-school token sales). Given the fact that Hyperliquid is itself a community first L1, it’s an ideal platform for such a TGE.
Detailed Token Metrics
Token Distribution
As above
Token Release Schedule
Partners & Advisors
TBA
Team Members
TBA