RLY Community - $RLY Community - We hear the community feedback, and are publicly committed to supporting Rally and the $RLY Network. We believe that creators and communities should own this network - that’s why we designed the token supply to be 70% owned by the community over time. As of Oct 15, 2021 the initial design was to have the community already own half of the network and increase from there towards 70%. However, due to a lower $RLY emissions rate than anticipated, the balance between community tokens and investors/team has been thrown off.
Original token release schedule in image below and posted publicly here since last year -
We are all long-term believers in the $RLY Network and have put out a call to our early investors and team members to sign up for a new 6 month voluntary lock-up on $RLY holdings. Note that this excludes any tokens that may have been sold between October 15th and November 17th that were released in accordance with volume restrictions.
We are asking for formal signatures from early investors and employees that sign up for this pledge. Co-founders Kevin Chou, Mahesh Vellanki, Michael Li, Weiwei Geng and Kent Wakeford will all be part of this pledge, as will employees Shel P, Jeremy T, and Phil H. Additionally, early investors and original board members a16z Crypto, Conductive Ventures, Battery Ventures, and Canaan Partners will all participate as well. These additional investors and community members are publicly committed also:
- The House Fund
- Altos Ventures
- Mirae Asset
- WndrCo
- Abstract Ventures
- Mantis Group
- Artisan Management
- J. J. Jacobs Enterprises
- Shark Diver Trust
- Dennis F
- Chester N
- Larry C
- Charles H
- John B
- David P
- Steven C
- Dennis F
- Steven F
- Douglas N
- Nas
- Mike J
- Deepak K
- Dave A
I anticipate others will join too in the weeks to come, as I continue my outreach.
This pledge should affect approximately 3.5B tokens and will help with the current imbalance originally flagged in the community. That said, it’s up to us collectively as the $RLY community to figure out how to productively unlock $RLY emissions faster. Of the 15B total supply, 50% is allocated towards network rewards which will be expanding with the growth of Unite, Rally.io and upcoming SuperLayer projects, and there is another 3B tokens allocated primarily for developers, creator/brand/community partnerships, and advisors/collaborators. We have some ideas that we’ll discuss with the community in coming weeks on how to use $RLY more aggressively to incentivize user growth and new product development, so please stay tuned for that.
I hope the above demonstrates the long-term focus and commitment from the Rally founders and early investors. Let’s work together to make the $RLY Network a massive success 
Kevin