INTRODUCING RUBIC’S NEW TOKENOMICS - THE WAY FORWARD
Token utility RBC
The Rubic token serves as fuel for Rubic’s ecosystem and has the following token utility:
- SDK subscriptions & Integration service fees in RBC
- Grant programs for SDK integrators will be covered in RBC
- Governance: Token holders can participate in decentralized decision-making.
- Low fees for RBC holders: Cut costs of cross-chain calls, exchange fees, and gasless fees.
- Distribution of partners’ airdrops to RBC holders
TOKEN SUPPLY AND LOCK PERIODS
The new RBC token will be created on Ethereum (ERC-20) and listed on Uniswap V2.
The total supply to be minted in December 2022 is 176,000,000 RBC (it includes 159M which are already in circulation and 17M for retrodrops/marketing).
More RBC can be minted in the next few years (2024+) for additional marketing, partners, VCs, and ecosystem growth. The Max supply that can potentially be minted as per the new contract is 1,000,000,000 RBC. Emission dates are not set and are to be decided separately, if and when one is necessary. No other emission on top of 176M is planned in 2023.
The system of locks and vesting periods would help to prevent token price dumps (see the slide below for details).
Token Lock Periods
Following the structure of Rubic’s new tokenomics, the Rubic team launched the much-anticipated RBC Retrodrop, a token distribution event that rewards our holders for their unwavering loyalty.
Currently, there are 2 options to join:
- 3-month staking period
- 6-month staking period
APR increases with the length of the staking period. For example, the users who staked their assets for 6 months will get more revenue in 3 months, than the users who staked only for a 3-month period.
In recent months, our APR has fluctuated between an impressive 50% and 100%. View the latest rate in the app.
At Rubic, we're revolutionizing the world of decentralized finance by focusing on our core principle: making cross-chain transactions seamless, secure, fast, and cost-effective.