RaveDAO Denies Price Manipulation, Plans Token Releases and 20% Charity Commitment

Gate News message, April 19 — RaveDAO responded to recent market questions about RAVE price fluctuations, denying team involvement in or control over token price movements and dismissing related rumors as unfounded. The project emphasized its commitment to long-term development and building an on-chain entertainment and music ecosystem.

The team disclosed plans to strengthen incentive alignment with the community through mechanism design, including exploring price or performance-triggered token lock-up models. RaveDAO also revealed that it will sell portions of unlocked tokens according to its Token Release Schedule (TRS) at appropriate times to cover operational expenses, global hiring, marketing efforts, and strategic acquisitions—indicating expectations of sustained selling pressure.

Additionally, RaveDAO committed to directing portions of revenues toward charitable purposes, pledging to donate 20% of activity profits and future portions of operational profits to charity. The project stressed that its core objective is to build a Web3-based entertainment and music ecosystem and drive user growth, rather than focus on short-term price performance.