Question 1

What is REKTCOIN?

Accepted Answer

REKTCOIN is an ERC-20 token used by the Rekt project, meaning an on-chain asset deployed on Ethereum and following the ERC-20 standard. Gate's 2024 project materials described the project as a community-driven ecosystem centered on meme culture, art, culture, and consumer products. ERC-20 describes a token's standard interface on Ethereum and how wallets and contracts can recognize it; it does not itself establish that token holders have rights to project revenue, governance, or specific goods. Such specific rights are subject to contracts or formal terms explicitly established by the project later.

Question 2

What are REKTCOIN's supply cap and on-chain identification details?

Accepted Answer

The announcement disclosed a maximum supply of 420,690,000,000,000 REKTCOIN. Maximum supply is the total issuance cap; it cannot be treated directly as the amount already circulating, held by market participants, or immediately tradable at a particular time. The announcement also gives the Ethereum contract address for this ERC-20 token as 0xdd3B11eF34cd511a2DA159034a05fcb94D806686. When sending or receiving on-chain assets, verify both the network and contract address; assets with the same name or similar ticker must not be considered the same token based on name alone.

Question 3

How was REKTCOIN allocated at the TGE?

Accepted Answer

The initial token allocation disclosed in the 2024 announcement was: community 63.5%, team 15%, ecosystem 11%, investors 7.5%, and advisors 3%. These proportions total 100% and describe the initial allocation structure among categories at that token generation event (TGE). Category names alone do not identify the ultimate holders, sale method, or actual market behavior of tokens in each category. For example, “ecosystem” is generally a use category, not a statement of the holdings of a specific individual or institution; determining an address's holdings and transfers still requires reviewing the corresponding on-chain records and applicable rules.

Question 4

Was REKTCOIN's initial allocation unlocked in stages?

Accepted Answer

The announcement stated that the TGE allocations for all five categories—investors, team, advisors, community, and ecosystem—were 100% unlocked. This means those initial allocations described in the announcement did not have a subsequent time-based vesting stage. “Fully unlocked” describes availability or vesting status, not a commitment about price, trading depth, or whether holders will sell. It also should not be conflated with maximum supply or actual circulating supply at that time: the former is a total cap, while the latter still depends on actual token distribution, holdings, and market availability.

Question 5

What is the difference between Gate's 2024 Startup distribution and the project's token allocation?

Accepted Answer

This Gate Startup was a platform event and was not equivalent to REKTCOIN's full project allocation. The event total listed in the announcement was 2,103,491,800,000 REKTCOIN, approximately 0.5% of maximum supply, and the announcement specified that this event distribution was 100% unlocked. The event accepted subscriptions from November 21 to 22, 2024. Participation conditions described in the announcement included holding at least 10 GT at the time of participation, and the system would also check asset balances when tokens were distributed; the start of trading for the REKTCOIN/USDT pair was listed as November 22, 2024. Event eligibility, platform distribution, and project-level TGE allocation are information at different levels and cannot substitute for one another.

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