Hold RAFA, pay less.
Stake RAFA and your Arena fee rate drops.
PUBLIC SALE
RAFA token · Public sale powered by Sonar
RAFA.
In your hands.
RAFA scores every call market Twitter makes, and Arena lets people back or fade the callers. Eligible participants join one public auction, with the same final clearing price for every successful bidder.
One public auctionOne clearing priceBids only go upTerms published before bidding
Public sale
Auction pre-registrationVerify early. Bidding opens after the complete auction terms are published.
- Tokens offered
- 20,000,000 RAFA
- Share of supply
- 2%
- Format
- English auction
- Network · payment
- Base · USDC
- Price
- One clearing price for all
- Bidding opens
- When the full terms are published
The only sale link is rafa.ai/token. RAFA will never message you a sale link or ask for your keys.
15%circulating at TGE
12 monthscliff on team, investors and foundation
01 / TOKEN UTILITY
The token has a job.
Arena pays it every day.
Markets settle in USDC, so a pick is never a bet on RAFA too. The token sits where the money moves. Final utility remains subject to published governance and launch terms.
Fee per share at launch0.07 × price × (1 − price), at most 1.75¢. No fee to redeem.
Take winnings in RAFA.
Get paid out in RAFA and part of the fees you paid on that market comes back.
Put a round on the board.
Propose a market with a RAFA bond, returned when it resolves. Spam keeps the bond.
Published, not promised.
Any holder rewards and token flows will be published with clear rules, wallets and schedules.
02 / PUBLIC SALE TERMS
The whole deal.
On one page.
Every eligible participant bids in the same public auction under the same rules. Every successful bidder pays the same final price, never more than their maximum.
FormatEnglish auction
Tokens offered20,000,000 RAFA
Public sale2% of total supply
AllocationPro-rata at clearing
Network · paymentBase · USDC
Starting · maximum priceTBA · TBA
Bid incrementTBA
Min · max per bidder$100 · Set at launch
Commitment windowTBA → TBA
CancellationNone. Bids only go up.
Compliance · settlementSonar · Echo
Vesting · distributionLiquifi
Uniform clearing price
Every successful bidder pays the same final price. Your maximum decides whether you’re in, not what you pay.
Increase-only bids
Once confirmed, a bid’s amount and maximum price can only go up. Neither can be cut or withdrawn.
Verifiable settlement
Clearing and pro-rata maths are checked and recorded on-chain before proceeds move and refunds begin.
03 / HOW TO TAKE PART
Five steps.
Know where you stand.
Sonar checks who can take part; your wallet signs and holds the position. They’re separate on purpose.
- 1
Verify
Connect Sonar and complete identity, jurisdiction and accreditation checks.
- 2
Connect
Connect the EVM wallet you’ll use with USDC on Base.
- 3
Clear
Pass Sonar’s final wallet-risk check and get a short-lived purchase permit.
- 4
Bid
Set your maximum price and USDC amount, review the increase-only rule, confirm on-chain.
- 5
Settle
After clearing, unaccepted USDC is refunded and your RAFA moves to Liquifi.
04 / TOKENOMICS AND VESTING
When it unlocks.
No fine print.
15% circulates at TGE. Nothing held by the team, investors or foundation moves for 12 months, and the last tokens unlock at month 60.
| TGE | 15% |
|---|---|
| M12 | 15% |
| M24 | 62.5% |
| M36 | 75% |
| M48 | 87.5% |
| M60 | 100% |
TrancheAllocCliffVest
Public sale2%NoneAt TGE
Community13%NoneAt TGE
Foundation20%12 mo12 mo
Team & investors15%12 mo12 mo
Ecosystem50%12 mo48 mo
Circulating at TGE15%
Fully unlockedMonth 60
The public sale is 2% of total supply: 20,000,000 RAFA. The remaining 13% of the published Community allocation is shown separately. Cliff = months before linear release; vest = release period after the cliff.
05 / ROADMAP
Where this goes.
We're building the open alternative to a closed industry. What's live, what's next, and what we're coming for.
Arena contests
Head-to-head, three-way and top-five caller matchups are deployed on Base Sepolia. Try them with test tokens.
Caller leaderboard
Compare public calls and performance, with profiles and a published scoring methodology.
Market builder
Define outcomes, deadlines and settlement rules for new Arena markets.
Production readiness
Validate market operations, liquidity and settlement before expanding beyond testnet.
06 / TEAM
The team building it.
Protocol architecture, quantitative finance, AI research, operations and on-chain execution. RAFA is a Tides.Network project.
Ian Bryne
ContributorRAFA protocol contributor.
Jonathan T.
Head of OperationsProtocol operations, partnerships and execution discipline.
Alexey Melnechinko
Lead Protocol ArchitectDesigns RAFA’s vault architecture, trading systems and on-chain strategy rails.
Veerabhadra D.
Smart Contract ArchitectOn-chain execution, protocol contracts and security architecture.
Sabir S.
Head of Quant StrategyInstitutional quantitative strategy leadership · ex-Goldman Sachs.
Evan F.
Principal AI ResearcherApplied AI research for market intelligence and model evaluation.
Anna Godfrey
ContributorRAFA protocol contributor.
Ahmad A.
Business Development & Exchange LiaisonLeads business development, exchange relationships and launch coordination.
07 / DOCUMENTS
Read it all
before you bid.
08 / FAQ
Before you sign
No surprises.
The page changes with the sale: registration, live commitments, settlement, refunds, and distribution each have their own clear state.
01Who can take part in the public sale?+
Anyone who passes Sonar’s checks. Everyone bids in the same auction under the same rules and pays the same clearing price.
02How does the English auction work?+
You submit a USDC commitment and the highest price you are willing to pay per RAFA. You may raise either while the auction is open. Bids at or above the final clearing price are successful, and every successful bidder pays that same clearing price—never more than their maximum.
03What is the estimated clearing price?+
Sonar continuously estimates the uniform price that would clear the available RAFA supply using current bids. It can move until the auction closes and is displayed from Sonar’s public commitment-data API.
04How is the final allocation calculated?+
Bids below the clearing price are not accepted. If eligible demand at or above the clearing price exceeds the available allocation, commitments are scaled using the published pro-rata method. Unaccepted USDC is refunded.
05Can I withdraw or reduce a bid?+
No. A confirmed on-chain bid cannot be reduced or cancelled. During the open auction, you may increase the commitment amount or maximum price, subject to the published entity-level limit.
06What happens to excess USDC?+
RAFA and Sonar will push refunds automatically after settlement. If any transfer cannot be completed, the contract’s self-claim path can be enabled as a fallback.
07Why do I need Sonar?+
Sonar performs the required identity, jurisdiction, accreditation, and wallet-risk checks and issues the signed permit the sale contract requires.
08Which wallet and network do I need?+
The recommended production setup is Base with USDC. Coinbase Wallet, MetaMask, and other EVM wallets are supported. The final network will be confirmed in the published sale terms.
09When do I receive RAFA?+
After the clearing price and accepted amounts are finalized on-chain, your allocation is handed to Liquifi. Any auction-specific lockup and distribution schedule will be shown in the final sale terms before commitments open.
10Can US participants join?+
Eligibility is determined during Sonar verification and depends on the final legal configuration. Any accreditation or lockup requirements will be shown before commitment.
11Where are the audit and legal documents?+
The contract audit, sale terms, jurisdiction restrictions, and risk disclosure will be linked on this page before the commitment window opens.
GET THE TERMS
Final terms.
Before commitments.
Join the launch list with only your email. We will send the exact auction floor, cap, bid increment, dates, network, contract address, audit and legal documents before bidding opens.
Nothing on this page is an offer or recommendation. Participation is subject to final sale terms, eligibility checks, jurisdiction restrictions, and risk disclosures. Digital assets may lose all value.