RaveGods has announced its upcoming token and NFT launch. The project developers aim to integrate blockchain technology into authentic world rave culture. The project’s native token, RAVE, and NFT launches are set to reward holders with access to events, revenue-sharing opportunities, digital perks, and an upcoming game that the team is currently developing.
The team members announced that RaveGods will help users “celebrate the human spirit” by giving them a chance to “unleash their inner Rave God.” The announcement also detailed that RaveGod’s NFT holders and RAVE token holders will receive VIP access to exclusive events, online rave streams, merchandise drops, and additional benefits.
RaveGods Unveils Revenue-Sharing Mechanism to Benefit NFT Holders
RaveGods has implemented a profit-sharing model that allocates 35% of event proceeds to NFT holders. The revenue will be distributed based on the number of NFTs held, implying that the more NFTs a user owns, the more revenue they will receive. The project also announced that it will allocate an additional 25% of the profits from the events to a locked RAVE wallet, reinforcing the token’s long-term sustainability and maintaining internal liquidity.
The NFTs also grant holders governance privileges, allowing them to participate in decision-making through community votes and initiatives. The NFTs will grant users the privilege of participating in art contests and utilizing them as profile pictures on their social platforms.
The RaveGods team also announced that they are developing a community game, an EDM online-based version of Guitar Hero. The game will enable players to compete for NFTs and other rewards, boosting community activities and recognizing loyal members.
RaveGods Community Growth Surges Before Token Launch
RaveGods’ community engagement and development have skyrocketed, yet the project’s official token has not launched. The official announcement detailed that the developers are set to launch the token in a few days, with the NFT collection to follow shortly after.
The project will also hold a live rave launch party with limited tickets for community members planning to attend on November 21 at Platforms Dance Club in Providence, RI. Users who won’t be able to attend will still be able to follow developments on the Solana token launchpad, Pump. Fun. RaveGods has multiple KOLs and a dedicated marketing team driving awareness ahead of launch. The project will dedicate 10% of profits to mental health charities.