According to the announcement, the project relies entirely on donations, does not have venture funding, and does not have any pre-mined token allocations or a governance token. The project's team wrote in a May 1 X post:
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Devs introduce Ethereum R1 layer-2 scaling solution
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Ethereum R1 will operate without creating a native token, receiving venture capital funding, distributing pre-mined tokens, or establishing a governance token
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Ethereum R1 will rely entirely on ETH donations from the public to support its development and operations
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