7️⃣Token Plan
The REDH token is issued using the ERC-20 standard defined by the Polygon network, taking into account transaction stability and scalability. The ERC-20 token standard serves as a specification to ensure compatibility for tokens circulating on the Polygon network. As a programming standard, ERC-20 defines the requirements for tokens issued by decentralized applications (DApps) operating on the Polygon network to maintain interoperability. Therefore, any token utilizing the Polygon blockchain must adhere to the ERC-20 token standard.
The basic information regarding the REDH token issuance plan is as follows.
The basic information regarding the issuance plan for the REDH token is as follows.
Token Name
REDHeal Token
Token Symbol
REDH
Standard
ERC-20(Polygon Network)
Total Supply
1,500,000,000 REDH
• Token Distribution Plan
The REDH tokens will be distributed as follows: 25% for platform development, implementation, and system enhancement; 35% for ecosystem creation and platform maintenance; 20% for token swaps to secure initial business seed funding and personnel, as well as token development costs; 5% for advisors contributing to the project team and ecosystem; 10% for investors and partnerships; and 5% for company operations and miscellaneous expenses.
• Fund Management Plan
The funds raised through the REDH token will be allocated as follows: 30% for development costs related to recruiting and operating research and development personnel, enhancing services and business models, and developing DApps; 20% for service establishment costs, including hiring personnel for the REDH ecosystem and office operations; 30% for marketing expenses for executing online and offline advertising; 10% for legal and accounting advisory costs that align with the laws and realities of each country where the REDH token will be traded; and 10% for company reserves and risk management.
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