Arena fee access
On testnet, stake test RAFA to unlock lower Arena trading fees. Production-token utility will follow published launch terms.
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.
01 One public auction02 One clearing price03 Bids only go up04 Terms published before bidding
The only sale link is rafa.ai/token. RAFA will never message you a sale link or ask for your keys.
Auction pre-registration
BaseVerify early. Bidding opens after the complete auction terms are published.
Est. clearing price—
Total committed—
Bidders—
Tokens offered21,000,000 RAFA
FloorTBA
CapTBA
Estimated clearing price is published by Sonar and may move until bidding closes. Data can be delayed by about one minute.
Your positionNot connected
Auction details
TBA
Get the launch notice$
$
One clearing price
Successful bidders pay the final clearing price, never more than their maximum.
Compliance + settlementSonar · Echo
Pricing mechanismEnglish auction
Vesting + distributionLiquifi
Accepted assetUSDC
01 / TOKEN UTILITY
UTILITY BEFORE HYPE
The token
has a job.
RAFA is designed around protocol access, aligned participation and transparent token flows. Final utility remains subject to published governance and launch terms.
Activity with a record
Arena trading fees follow published creator and protocol splits.
Programmatic buybacks
Subject to finalized governance and sale terms, protocol fees may be used for transparent RAFA buybacks.
Transparent distribution
Any holder rewards and token flows will be published with clear rules, wallets and schedules.
Test RAFA staking unlocks lower trading fees in Arena on Base Sepolia.
Allocation, unlocks and protocol-directed token flows stay published and verifiable.
02 / PUBLIC SALE TERMS
Read before committing
The whole deal.
On one page.
TBA
FormatEnglish auction
AllocationPro-rata at clearing
NetworkBase
PaymentUSDC
CancellationNone
DistributionLiquifi
Starting priceTBA
Maximum priceTBA
Bid incrementTBA
Tokens offered21,000,000 RAFA
Public sale2% of total supply
Commitment windowTBA → TBA
Min / max$100 / Set at launch
No cancellation period
After the wallet confirms a bid, its amount and maximum price can only increase. Neither can be reduced or withdrawn.
Uniform clearing price
Every successful bidder pays the same final price. A maximum bid controls eligibility; it is not necessarily the price paid.
Verifiable settlement
Clearing and pro-rata calculations are checked, then accepted amounts are recorded on-chain before proceeds are released and refunds begin.
RAFA whitepapers ↗Sale terms · publishing before launchContract audit · publishing before launchTerms & risk disclosure ↗
03 / HOW TO TAKE PART
Five steps
Know where
you stand.
Wallet connection and identity verification are separate on purpose. Sonar verifies who can participate; your wallet signs and holds the on-chain position.
Verify
Connect Sonar and complete the required identity, jurisdiction, and accreditation checks.
Connect
Connect the EVM wallet you will use with USDC on Base.
Clear
Run Sonar’s final entity and wallet-risk check and receive a short-lived purchase permit.
Bid
Set a maximum RAFA price and USDC amount, review the increase-only rule, then confirm on-chain.
Settle
After clearing, unaccepted USDC is refunded and the final RAFA allocation 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: 21,000,000 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 / 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.