RaveGods Commits 25% of IRL Rave and Merch Profits to Locked Wallet Boosting $RAVE
In this post:
- RaveGods has announced that 25% of the total profits from its In Real Life (IRL) raves and merchandise sales will go into a locked wallet to pump RAVE.
- The company is also planning to donate 10% of the total profits from IRL events and merch to a mental health charity, and NAMI is the top choice right now.
- An anonymous statement from one of RaveGods’ top executives revealed that the company is working with several advisors to secure listings.
RaveGods has announced that 25% of the total profits from its In Real Life (IRL) raves and merchandise sales will go into a locked wallet to pump RAVE. The company is also planning to donate 10% of the total profits from IRL events and merch to a mental health charity, and NAMI is the top choice right now.
According to RaveGods, PLUR (Peace, Love, Unity, and Respect) vibes in 2026 will be powered by distributing 25% of profits from IRL events, Merch sales, the RAVE token, an upcoming game, and NFTs to the community. The company emphasizes that this is a long-term, serious investment strategy that will also allow RAVE holders to be partial owners of the business.
Meanwhile, the upcoming game, already past beta and set for release within a week, will also use RAVE tokens for in-game purchases to buy more energy boosts. RaveGods says about 50% of the tokens spent in this way will be locked up as well. The remaining proceeds from the game will be used to advance the project.
RaveGods chooses to donate to NAMI
As previously mentioned, RaveGods intends to set aside 10% of the total profits from IRL events and Merch sales for a mental health charity. The National Alliance on Mental Illness (NAMI) is currently the rumored top choice due to its long-standing ethos. NAMI advocates to improve the lives of everyone affected by mental health conditions, and it uses the power of lived experience to shape how it helps individuals with mental health issues.
NAMI also works with policymakers to advance priority issues and ensure the voice of people affected by mental illness is considered when making policy. Public policy impacts people with mental illness in several ways, from healthcare to criminalization to housing.
On the other hand, RaveGods has also disclosed ongoing collaborations with multiple other projects. The company is currently working with two crypto-based companies, one that produces energy drinks and another that produces condoms.
RaveGods invites help from advisors
A statement from one anonymous RaveGods’ top executive revealed that the company is working with several advisors. According to the company’s spokesperson, RaveGods is pulling out all the stops to secure listings and gain recognition in the right places.
Meanwhile, the company claims that this is just the beginning and that it has been a solid start. RaveGods has also asked its community to wait as the rest of the project, including the game and IRL events that pump the RAVE token, fall into place. It is promising that its users are set to get so much more than just a coin, an NFT, a game, or a community.
As of publication, the RAVE token has risen by nearly 206% in the past seven days, recording 3,380 trades and $88,610 in volume. The specific trades, according to DEXTools, include 1,950 buys (~$53.37K) and 1,430 sells ($35.24IK). RAVE also has a 24-hour volume of $6.11K, a total market cap of approximately $142,290, and liquidity of about $35,120. The token currently has 147 holders, with the top two holders owning over 66% of the total circulating supply worth $95.3K.
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