UPDATE: Ritual Foundation deploys Layer-1 network with 50M airdrop
CIE News ·
Update to Coinbase lists Ritual token for spot trading
Based on reporting by CryptoRank; not yet independently confirmed.
Following the listing of RITUAL on Coinbase, Ritual Foundation launched its Layer-1 execution network with 1.8 billion tokens unlocked and an airdrop of 50 million tokens.
The Ritual Foundation launched its Layer-1 execution network, Chain ID 784, on October 26 and October 27, 2026, alongside a 50 million RITUAL retroactive airdrop. As previously reported, Coinbase enabled spot trading for the RITUAL token on October 26.
According to Coin Gabbar, the mainnet launch unlocked 1.8 billion RITUAL tokens into circulation out of an initial supply of 10 billion. The EVM-compatible chain utilizes native RITUAL for gas fees, transaction settlement, and artificial intelligence model calls, while executors earn tokens for providing compute. The 50 million airdropped tokens were distributed without vesting to infernet node operators and community contributors.
Key facts
- Ritual Layer-1 mainnet live
- Chain ID 784
- 1.8B RITUAL unlocked
- 50M RITUAL airdrop
Read the original at CryptoRank