$RELAY
The protocol token behind RelayPad. Every launch burns $RELAY, and a share of protocol fees buys back and burns more — so the supply shrinks as the platform is used.
Price
$1.84
+5.2% 24h
Market cap
$236.3M
Circulating supply
128.40M
Total supply
250.00M
Total burned
4.18M
+96,400 in the last 7 days
10 tokens have launched on RelayPad — each one burned 2500 $RELAY at creation, on top of the ongoing buyback-and-burn funded by protocol fees.
Launching costs $RELAY
Creating a token is permissionless, but not free: 2500 $RELAY per launch — 60% burned outright and 40% staked against the token.
Fee skim → buyback and burn
A protocol fee of 30 bps on trading activity across launched tokens funds the $RELAY buyback-and-burn (70% of the skim).
Creators get a share
The remaining 30% of the skim routes to the creator of the token that generated it — an ongoing reason to keep growing a real holder base.
Want the mechanics in full?
The docs cover distribution measurement, launching, and the known sybil limitation.