Rabet’s RBT token turns into newest Stellar-based governance token
Rabet Pockets is a noncustodial pockets tailor-made for dApps and DeFis on Stellar (XLM) blockchain. Right this moment, it shares the small print of its core governance token, RBT.
Advancing governance of Rabet Pockets: What’s RBT?
In response to the official announcement shared on the Rabet Pockets weblog and social media channels, it will begin a community-governed ecosystem constructed round Rabet’s RBT token.
— Rabet (@rabetofficial) November 19, 2021
Newly-minted Rabet Token (RBT) turns each Rabet neighborhood member right into a stakeholder. The token is launched on the Stellar blockchain beneath the RBT ticker. Its internet provide is capped at 100 million RBT.
To reaffirm its position in neighborhood motivation, the Rabet Pockets crew determined to allocate 50% of all RBT tokens to ecosystem rewards. The primary rewards applications will embody an incentivized holding initiative, LP assist program and looking bugs.
Ten p.c of RBT will probably be allotted for the crew and its advisors; advertising and marketing applications (branding, promoting, partnerships, CEX itemizing charges) and a public sale will probably be fueled by the identical share of the RBT provide.
Twenty p.c of the RBT token provide will probably be distributed between the individuals of its pre-sale, i.e., large-scale early-bird traders.
Vesting durations fluctuate for various classes of RBT token holders. As an example, public sale individuals may have 100% of their tokens unlocked after the token technology occasion whereas crew allocation will probably be unlocked after 24 months.
One token, 4 use instances
Before everything, RBT will function a governance token on Rabet pockets. RBT holders may have a say in all essential referendums concerning upgrades to the protocol and its financial mannequin.
Ten p.c of the RBT provide will probably be allotted to bug bounties. As such, RBT token will probably be used to assist whitehat hackers. To obtain RBT for disclosing bugs, a researcher ought to open a problem within the official RBT GitHub and submit a pull request. The precise charge of the RBT bounty will rely on the severity of the issue revealed.
Ten p.c of the RBT provide will probably be allotted to rewards for early-stage liquidity suppliers. Particularly, the activists of RBT/XLM and RBT/USDC swimming pools will probably be incentivized inside this program. LP rewards will probably be transferred to liquidity suppliers month-to-month.
Lastly, 10% of RBT tokens will probably be distributed between token holders. Each month, long-term holders will obtain rewards proportionally to the amount of their stakes. To be eligible for this initiative, an RBT supporter wants to carry 1,000 tokens minimal.