building bare bones mining rig capable of mining @NervaCurrency is really very easy . come on - give it a try.
27 Dec 2023, 02:23
building bare bones mining rig capable of mining @NervaCurrency is really very easy ... come on - give it a try.
Same news in other sources
227 Dec 2023, 02:52
In terms of maintaining token value, we actually think about it as us being in extremely early days. So we don’t think about maintaining token value right now, we think about growing it exponentially. It takes a while for people to understand the differences between us and most other tokens and what the RPK Token represents when we say the entire value of the community. This is beacause there’s no other value bucket other than this token so it takes time for them to actually see fees generated going back to the community. It also takes time for them to see RPK being burnt or token buyback and experiences like these.
In terms of what we plan to build, I think the platform is again, it is relatively early days. I think we’ve accomplished quite a bit for how young we are as a token and as a platform as well, and soon people will be able to deposit and withdraw.
We do not have web3 connected wallets because big pain point for a lot of web2 users. So we decided to go with a different model which will be opening up shortly where we would very securely send transactions to people and this will essentially function almost like a CEX where people can deposit and withdraw and we can keep it efficient and cheap for them.
We expect that a lot of people will want to withdraw and also a lot of deposits. Therefore, there are a couple of incentives for depositing RPK Tokens. One obviously is that you will be able to stake it on the RepubliK platform and earn a good amount of yield. On top of high yield for staking, we’re going to add governance, add status and add visibility as rewards. So by having RPK Tokens in your account on the platform, you are able to earn, have a bigger say in the governance of the platform and be able to reach different status tiers with XP multipliers which almost guarantees that you earn more XP in the future.
As for the reward of visibility, it can be visible for your content and also visibilities for your profile where you are more easily discovered and are more prestigious. As more creators join us and more people want to interact with them, people are incentivized to hold RPK tokens on RepubliK because they will get all these benefits from within the platform. We also develop utility for your usual functions like DMs and chats so that they can be sorted by status tiers and by RPK and wallets so you will float up in your favorite creators DM list significantly more than others.
We will launch staking very soon with a very generous yield for the first batch of people. So that’s something to look forward to in having your RPK tokens in the platform.
Right now there’s only 200M RPK minted. More and more tokens will get sucked into the platform and more of them gets locked up as fees generated, more of them gets locked up into staking, more for status, and more will also get locked up in the future because it is required to create creator tokens and mint NFTs. Of course, a larger and larger percentage of creators who issue creator tokens will have their RPK payments locked up in smart contracts as well. So we envision that as we open up the platform with more utility and governance features, this will basically suck up a lot of the RPK tokens that are not in the platform.
Right now we plan to have deposits and withdrawals up relatively soon so people can get these benefits. So I think that it will basically bring in the value, suck in more and more RPK tokens, reduce the supply of it from the market, and we expect that rate of supply reduction to always exceed new RPK tokens being minted and distributed to the community. We’ll keep that balance to ensure that not only are people getting RPK tokens, but they’re getting more and more value. We want to ensure that that is always in the upward trajectory for our community.
In terms of maintaining token value, we actually think about it as us being in extremely early days.
In terms of maintaining token value, we actually think about it as us being in extremely early days. So we don’t think about maintaining token value right now, we think about growing it exponentially. It takes a while for people to understand the differences between us and most other tokens and what the RPK Token represents when we say the entire value of the community. This is beacause there’s no other value bucket other than this token so it takes time for them to actually see fees generated going back to the community. It also takes time for them to see RPK being burnt or token buyback and experiences like these.
In terms of what we plan to build, I think the platform is again, it is relatively early days. I think we’ve accomplished quite a bit for how young we are as a token and as a platform as well, and soon people will be able to deposit and withdraw.
We do not have web3 connected wallets because big pain point for a lot of web2 users. So we decided to go with a different model which will be opening up shortly where we would very securely send transactions to people and this will essentially function almost like a CEX where people can deposit and withdraw and we can keep it efficient and cheap for them.
We expect that a lot of people will want to withdraw and also a lot of deposits. Therefore, there are a couple of incentives for depositing RPK Tokens. One obviously is that you will be able to stake it on the RepubliK platform and earn a good amount of yield. On top of high yield for staking, we’re going to add governance, add status and add visibility as rewards. So by having RPK Tokens in your account on the platform, you are able to earn, have a bigger say in the governance of the platform and be able to reach different status tiers with XP multipliers which almost guarantees that you earn more XP in the future.
As for the reward of visibility, it can be visible for your content and also visibilities for your profile where you are more easily discovered and are more prestigious. As more creators join us and more people want to interact with them, people are incentivized to hold RPK tokens on RepubliK because they will get all these benefits from within the platform. We also develop utility for your usual functions like DMs and chats so that they can be sorted by status tiers and by RPK and wallets so you will float up in your favorite creators DM list significantly more than others.
We will launch staking very soon with a very generous yield for the first batch of people. So that’s something to look forward to in having your RPK tokens in the platform.
Right now there’s only 200M RPK minted. More and more tokens will get sucked into the platform and more of them gets locked up as fees generated, more of them gets locked up into staking, more for status, and more will also get locked up in the future because it is required to create creator tokens and mint NFTs. Of course, a larger and larger percentage of creators who issue creator tokens will have their RPK payments locked up in smart contracts as well. So we envision that as we open up the platform with more utility and governance features, this will basically suck up a lot of the RPK tokens that are not in the platform.
Right now we plan to have deposits and withdrawals up relatively soon so people can get these benefits. So I think that it will basically bring in the value, suck in more and more RPK tokens, reduce the supply of it from the market, and we expect that rate of supply reduction to always exceed new RPK tokens being minted and distributed to the community. We’ll keep that balance to ensure that not only are people getting RPK tokens, but they’re getting more and more value. We want to ensure that that is always in the upward trajectory for our community.
27 Dec 2023, 02:38
telegram news 27 December 2023 02:38
https://x.com/laysats_com/status/1739836408804831592