Rekt Brands has announced that the token REKT will be launched on Friday, at 5am ET. Rektguy holders and those who have earned Drank points by buying Rekt Drinks sparkling water, or participating in the brand’s reward campaign, will be eligible to receive the token.
The token will be launched on the Ethereum blockchain with a total token supply of 420,69 trillion. It was previously hinted by the Rekt Coin Twitter account (aka X).
Total 63.5% is reserved for the community. 24.3% will be used for the token creation event (TGE), and the airdrop that takes place on Friday. The remaining 39.2% is set aside for community initiatives aimed at building the Rekt Brands Ecosystem.
Trading of REKT will begin immediately upon launch. “REKTCOIN” Gate.io will be available in certain jurisdictions. The token will be traded elsewhere using the REKT symbol. Rekt Brands’ launch on Friday is the next step after the recent Rekt Drinks release.
“The thing I'm looking forward to the most is being able to onboard thousands of normies into the Rekt ecosystem through Rekt Drinks,” co-founder Ovie Faruq told Decrypt. “From our sales, 50% of them were fiat and only 50% of people claimed DRANK points. That tells me a lot of people out there literally just wanted to buy the drinks, but there is a massive onboarding opportunity.”
(Disclosure: Ovie Faruq's Canary Labs is an investor in DASTAN, the parent company of Rug Radio and Decrypt.)
Rekt Brands has sold out of its initial stock of 222,000 “Liquidated Lime” Rekt Drinks were available in under 48-hours earlier this month. Decrypt Previous covered.
The company spun off of the Rektguy Community, a NFT profile picture project that matches Faruq’s other artworks. In May 2022, Rektguys – a profile picture NFT project – were created on the Ethereum Blockchain.
Andrew Hayward is the editor
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