What Is Rally Protocol?
Rally Protocol is a platform that offers creators and entrepreneurs the tools to launch their social tokens with ease, providing immediate liquidity and price discovery.
Background
Kevin Chou founded Rally Protocol in 2021.
How It Works
RLY Rewards are distributed to new apps developed on the RLY Protocol in two phases. During the Application Bootstrap Phase, new apps are rewarded based on their launch, total-value-locked (TVL), and user metric-based milestones. When these milestones are achieved, the app moves to the Application Mature Phase, where it can receive RLY about its contributions to the RLY Network.
Rally also supports early-stage projects through RLY Ecosystem DAO grants, which aid their growth and market strategy. RLY is the primary utility token on the network.
Key Takeaways
- Rally Protocol is a platform that helps creators and entrepreneurs launch their social tokens quickly, providing immediate liquidity and price discovery.
- The platform was founded by Kevin Chou in 2021.
- RLY Rewards are distributed to new apps developed on the RLY Protocol in the Application Bootstrap Phase and the Application Mature Phase.
- Rally supports early-stage projects through RLY Ecosystem DAO grants, aiding their growth and market strategy.
- The primary utility token on the network is RLY.
