Project Research Dossier — Ritual (RITUAL), pre-TGE / no active public sale

Ritual is an EVM-compatible L1 that treats AI inference, ZK, TEE, and HTTP work as enshrined precompiles/sidecars. There is no live tradable token. Testnet gas is a faucet unit. Tokenomics are published; TGE date is not. Source of record

https://tokenomics.ritualfoundation.org/

https://docs.ritualfoundation.org/

https://github.com/ritualnetwork Supply: 10,000,000,000 RITUAL. T0 float (additive from the page, not a vibe):

12.5% eco/R&D + 5% Foundation + 0.5% airdrop = 18% = 1.80B.

No FDV: no price exists. Anyone quoting a market cap is inventing. Year-1 cliff (the decision number):

Labs Investors 11.3% → 5.65% of supply eligible in one step after the 12-month lock.

Core Contributors 29% → Foundation text is two curves (33% or 50% at year-1, then monthly to m24 or m36). Model a band ~9.6–14.5%, not a point.

Incentive remainder 13.5% starts only after 15 months, then linear to month 48.

Issuance ~5% annualized; locked tokens cannot stake; EIP-1559 base fee burns only if mainnet fees exist. Constraint: no active ICO/TGE. There is an 11.3% Labs Investors bucket and a 1% Foundation Private Sale — private capital, disclosed, not a live public raise. Team: code/docs/GitHub are verifiable. Founder KYC, investor names, mainnet token/staking audits, and TGE jurisdiction are not in the tokenomics post. Disclosure: no RITUAL, no Labs/Foundation relationship, no Infernet/Frenrug farm for this memo.