> For the complete documentation index, see [llms.txt](https://docs.redacted.money/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://docs.redacted.money/protocol/tokenomics.md).

# Tokenomics & Revenue

## Revenue Model

Every interaction made through Redacted involves a **15 basis point (0.15%) fee**. While this fee is minimal on an individual level, it forms a significant revenue stream across the multitude of daily transactions on the platform.

### Revenue Split

| Recipient             | Share           |
| --------------------- | --------------- |
| **$RED stakers**      | 50% of all fees |
| **Ronin NFT holders** | 50% of all fees |

Fees are distributed directly — $RED stakers and Ronin NFT holders both receive their share of protocol revenue.

### Revenue Example

* Alice swaps 10,000 USDT to USDC through Redacted
* At 15 bps (0.15%), this costs 15 USDT in fees
* 7.50 USDT is distributed across $RED stakers
* 7.50 USDT is distributed to Ronin NFT holders

### Revenue Projections

At an average of $50M monthly volume in later stages: \~$75,000/month in fees split equally between $RED stakers and Ronin NFT holders.

Starting at $1.5M monthly volume, growing by $500K/month — yields significant cumulative fees within the first two years of operation.

***

## $RED(acted) Token

### Own RED(acted)

Dual-functioning as a **utility and governance token**, $RED emerges from a total supply of exactly **100,000,000 $RED** — offering an opportunity to own a piece of Redacted.

Hold $RED and you're not just a token holder — you're a part-owner of Redacted, entitled to **50% of all protocol fees**, paid directly to your wallet.

The remaining 50% is dedicated to Ronin NFT holders.

$RED is planned to launch via the **RUJI Launchpad**, with a **$50,000 token swap and staking pact** aligning interests between RUJI and RED — keeping Redacted operationally independent while sharing mutual incentives.

### Tokenomics

| Allocation      | TGE Unlock | Cliff (months) | Vesting (months) | Supply % | Tokens     |
| --------------- | ---------- | -------------- | ---------------- | -------- | ---------- |
| Seed            | 5%         | 6              | 18               | 5%       | 5,000,000  |
| Private Sale    | 10%        | 3              | 18               | 2%       | 2,000,000  |
| Public Sale     | 100%       | 0              | 0                | 10%      | 10,000,000 |
| Team & Advisors | 5%         | 6              | 30               | 20%      | 20,000,000 |
| Migration       | 50%        | 0              | 12               | 12.35%   | 12,350,000 |
| Marketing       | 20%        | 0              | 24               | 6%       | 6,000,000  |
| Airdrop         | 25%        | 0              | 12               | 9.65%    | 9,650,000  |
| Treasury        | 0%         | 6              | 12               | 20%      | 20,000,000 |
| Liquidity       | 50%        | 0              | 36               | 15%      | 15,000,000 |

**Total Supply: 100,000,000 $RED**

***

## Ronin NFT

### The OG Community Asset

* **Collection Size:** 2,968 Ronin-inspired NFTs
* **Revenue Sharing:** Each NFT grants its holder a **50% share of all fees** generated by Redacted

Owning a Ronin NFT is synonymous with owning a 50% stake in Redacted's revenue. The remaining 50% of fees are allocated to $RED stakers — creating a balanced, dual-stakeholder ecosystem.

### History

In **February 2022**, under our former name **TerraBay**, we launched the Ronin NFT collection on the Terra blockchain. The collection sold 2,968 units, raising **742,000 UST**. The funds were designated for protocol development, which was largely completed before the collapse of UST and LUNA.

The Ronin NFT, originally minted on Terra Classic, seamlessly transitioned to **Terra V2 in July 2022**. During this transition, we launched our first privacy-centric protocol on Terra V2 — showcasing our adaptability and dedication to delivering value.

Recognizing the need for a more robust ecosystem for our \~1,100 Ronin NFT holders, we migrated to our current home. Ronin NFTs are now on **Arbitrum** and will become tradable through the RUJI Collections interface on Rujira.

**Ronin NFT holders were compensated throughout every transition** — our commitment to their long-term value has never wavered.

### Deployed Contracts (Arbitrum)

| Contract                 | Address                                      |
| ------------------------ | -------------------------------------------- |
| RED (ERC-20)             | `0x83e5Ecd192eAc043B0674A16EEDf96176726A159` |
| RED Staking (ERC-20)     | `0x604FD50e0FDC6A4576d34e5F85aea184C3474001` |
| Redacted Ronin (ERC-721) | `0xe1D676364E525DBF23D3938b05255774c2762E6a` |