Ritual (RITUAL): The Year-One Unlock Risk

Problem / Question

Ritual proposes an AI-native chain whose contracts call TEE-backed AI/external compute. Can execution and demand be verified before major insider unlocks? Docs label RITUAL a testnet currency.

Data & Evidence

Initial supply: 10bn. At mainnet launch 18% is unlocked (12.5% ecosystem, 5% foundation, 0.5% airdrop), but unlocked is not necessarily circulating. Allocations: 29% contributors, 11.3% Labs investors, 1% private sale. At month 12, investors unlock 5.65% of initial supply; contributors unlock 9.57–14.50%. Combined: 15.22–20.15% (1.522–2.015bn), before other releases. The range reflects an undisclosed contributor cohort split. Gross issuance starts around 5% annually; fee burns offset an unknown amount. Without a verified float or price, dollar FDV is unavailable. If all launch-unlocked tokens circulated, FDV/circulating cap would be 5.56x at the same price.

Interpretation

The team page names co-founders. The foundation GitHub publishes dApp examples, but I could not verify public core-chain code or an independent core audit in the official organizations reviewed. A $25m company Series A and 1% private sale are disclosed; these are not a public token raise.

Conclusion

Conditional watchlist. Request dated unlocks, float/wallets, audits, core code, mainnet usage and liquidity terms. An unlock is potential supply, not a selling forecast. Official sources describe launch/listing as forthcoming; recheck public-sale/TGE status before submitting.

Disclosure

I hold no RITUAL, do not currently plan to buy or sell it, and receive no project compensation or referral incentive.

Primary sources: https://tokenomics.ritualfoundation.org/ https://docs.ritualfoundation.org/ https://ritual.net/team https://github.com/ritual-foundation https://github.com/ritual-net https://ritual.net/blog/introducing-ritual

Question: Is there a primary-source vesting file or independent core audit that changes this view?