re.al docs
  • Introduction
    • Get to Know re.al
    • Relationship to Arbitrum
    • Tokenized RWAs on re.al
  • re.al Chain
    • Arbitrum Orbit Overview
    • Block Explorer
    • Run a Node
    • Governance
    • Security
    • Contracts & Addresses
  • Get Started
    • reETH: Native Token
    • Get Started
    • Asset Bridging
    • Network Guides and Videos
      • How to Bridge to re.al
      • How to Lock $RWA
      • How to Bridge from re.al (to Ethereum and L2s)
  • RWA Token
    • Overview
    • RWA Tokenomics
      • Reporting veRWA APY
    • Managing veRWA
    • stRWA and wstRWA
    • RWA Rewards Program
      • Overview and Goals
      • Program Specifics
      • Referrals
      • Calculating Points
    • Migration
    • Contracts
      • RWA Technical
      • stRWA Technical
  • Build on re.al
    • Start Building
    • Faucet
    • Smart Contracts
      • Write a Contract
      • Deploy Using Hardhat
      • Verify Contracts
  • Services
    • Services
    • Account Abstraction
      • Safe Account Abstraction
    • Automation & Off-chain Data
      • Gelato Web3 Functions
    • Bridges
      • Layer Zero
    • Indexers
      • Goldsky
    • Oracles
      • Redstone on re.al
    • Relay
      • Gelato Relay
    • VRF
      • Gelato VRF
    • Wallet as a Service
      • Privy
      • Web3Auth
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On this page
  • Background
  • Tokenomics Overview
  1. RWA Token

Overview

Last updated 10 months ago

The RWA token is the governance token to the re.al ecosystem. RWA will exist unlocked as RWA (ERC-20) and locked as veRWA (ERC-721). When locked into veRWA it will provide holders two primary benefits:

  1. Value Accrual: Transaction fee revenue, RWA sales tax and revenue share from the protocols building on the chain will return to veRWA holders.

  2. Governance Rights: Help determine the future of re.al through future governance votes

$RWA is the first L2 token to comprehensively capture of the value of the chain and return it to holders.

All revenue to veRWA is distributed in .

veRWA positions will eventually be traded in the Tangible veRWA Marketplace and future NFT marketplaces supporting re.al and veRWA.

Indicator
Details

Ticker

RWA

Token Type

ERC-20, Native

Total Supply

33,303,472 at deployment

Inflation Schedule

Negative, deflationary tokenomics

Decimals

18

Contract Address

0x4644066f535Ead0cde82D209dF78d94572fCbf14

Chain

re.al

Background

RWA is a migrated version of the TNGBL token, the governance token of TangibleDAO, and it inherits several features from its pervious iteration. However, the RWA token also includes several new mechanism including updated vote escrow contract tokenomics and a taxing system implemented on buys & sells.

All TNGBL tokens can migrate to RWA in a 1:1 exchange; the RWA supply will never exceed the total supply for TNGBL at the moment RWA deploys.

Users will not be forced to migrate and migration will not be deprecated prior to the last TNGBL unlock on April 13th, 2026. After that date, migration will only be closed through a governance vote.

TNGBL tokens can migrate their tokens to RWA via the migration page which will deploy when the chain goes live.

Tokenomics Overview

Features:

  1. All chain revenues from re.al will be distributed proportionally to veRWA holders in reETH, based on voting power.

  2. No new RWA can be minted.

  3. The entire supply of RWA, either locked or unlocked, is in circulation. There are no future team or VC unlocks.

More details on the TNGBL token can be found in the .

Locked veRWA is designed to from the protocols building on re.al, with all protocols incentivized to send a share of their revenue to RWA token lockers. reETH transaction fees as well as a portion of the on RWA trades will be shared with veRWA holders.

RWA is deflationary. When veRWA positions are , a penalty is applied and those tokens are burned.

RWA's is similar to that of the Solidly aka ve(3,3) model, where the more RWA you have locked and the longer period you lock for, the greater the veRWA voting power.

veRWA remains at the selected duration unless deposited into the . Once deposited into the vesting contract, voting power reduces linearly with the lock duration until it reaches zero, at which point the underlying tokens can be removed.

veRWA NFTs can be , allowing users full flexibility over their positions.

reETH
Full migration details here.
Tangible Docs
split and merged
accrue revenue
sales tax
locking mechanism
perpetually locked
unlocked early
vesting contract