RADA TOKENOMICS

in #rada • last year

The Rada Foundation has a mission to acquire a European FC in lower leagues by leveraging fundraising and RADA tokens. The vision ahead involves remarkable synergies and opportunities enabled by transparent governance through DAO.
The RADA platform ecosystem operates on Ethereum networks and smart contracts, ensuring a secure and non-falsifiable system. It utilizes Contract ABI, an interface protocol that guarantees binary compatibility, ensuring the portability of applications between different computers.

  • Digital Asset:
    Digital assets on the RADA platform exist as electronic data and are managed through decentralized blockchain technology. This approach eliminates the need for brokers, enhances reliability, and ensures transparent transactions. The platform supports various digital assets, enabling users to register and trade within the ecosystem.

  • Digital Identity:
    RADA platform users are assigned encrypted digital identities managed by the blockchain, ensuring their authenticity. Users can access all services using their digital identity, and the blockchain records and manages liquidity provision, cost payment, settlement, and reward transactions for service activities.

  • Consensus Algorithm:
    The RADA platform ecosystem stores user activity history and establishes an evaluation system based on this data. It employs an Ethereum-based consensus algorithm to ensure that evaluation grades and scores are comprehensible and trustworthy.

ERC-20 and ERC-721:

  • ERC-20:
    ERC-20 is a standard token specification on the Ethereum blockchain network, ensuring token compatibility. Tokens meeting the ERC-20 criteria can be easily exchanged for Ethereum and freely transferred to standard Ethereum wallets. Any token utilizing the Ethereum network must adhere to the ERC-20 standards.

  • ERC-721:
    ERC-721 is an open standard for Ethereum-based NFTs, creating unique tokens that cannot be replaced on the Ethereum blockchain. It provides a standard API for NFTs within smart contracts, facilitating tracking and transmission of NFTs. This standard allows applications to interact with all NFTs on Ethereum and offers straightforward smart contracts for NFT tracking.

image.png

Token Allocation:

  1. Token Swap [30%] - Private, pre-sale, and public sale through IEO at exchanges to establish, partner, secure workforce, list, and market.
  2. DAO [20%] - For operating DAO governance and rewarding RADA DAO community participants with tokens from this category.
  3. Core Team [10%] - Allocated to co-founders and the developing team of RADA Foundation.
  4. Advisor [10%] - Tokens for advisors and ambassadors who contributed to RADA token and foundation success.
  5. Operation [20%] - Immediate use for operational purposes post-public offering.
  6. Reserved [10%] - Tokens reserved for early-phase foundation purposes, distributed per RADA Foundation policies.

RADA Token Usage:
Initial usage includes NFT draw, funding RADAs with NFTs, and participating in DAO governance.

  • NFT Draw: Consumes RADA tokens for different NFT draws based on type and level.
  • Funding NFT: Minimum initial funding requires 10,000 RADA tokens, with subsequent funding amounts doubled.
  • DAO: Proposing a vote in the DAO community consumes 10 RADA tokens.

Revenue Generation:

  1. NFT Sale: Revenue from RADA NFT Type 1, Type 3, and Type 4 purchased through RADA token draws.
  2. Club Management: Revenue from football club operations, including wins, promotions, player transfers, and season ticket sales.
  3. Player Contents: Revenue from creating and selling player content for marketing and PR.
  4. DAO Operation: Revenue from the active operation of the RADA DAO, including voting by token holders.
  5. Entertainment: Revenue from player contracts, where a percentage is assigned to the Foundation.
  6. Additional Activities: Revenue from potential activities by contracted players or the DAO project.

Revenue Allocation:

  • 50% of total profit goes to the Foundation, with 80% reused for operations and 20% as a reward for the core team.
  • The other 50% is allocated to token holders.

Types of Rewards:

  1. Reward with RADA tokens:
  • Accepted proposals in DAO voting.
  • Successful funding of proposed NFTs.
  • Selection of recommended players in the RADA program.
  • Regular rewards for DAO community participation.
  • Quarterly awards ceremonies and game league wins.
  1. Reward as voting power (weight in voting):
  • Holding NFTs of higher rarity and number increases voting weight.
  • The more rare and numerous the NFTs, the higher the voting power.

RESOURCES
https://www.therada.io/
https://rada-foundation.gitbook.io/
https://twitter.com/crypto_rada
https://t.me/eng_rada
https://discord.com/invite/radafoundation
https://medium.com/@radacrypto
https://www.facebook.com/cryptorada
https://www.instagram.com/rada_foundation/

Bitcointalk Username Janus23
Profile https://bitcointalk.org/index.php?action=profile;u=3528981
PoA https://bitcointalk.org/index.php?topic=5457594.msg62462271#msg62462271

Telegram @ikenna77

Eth
0xc5df5839c467b2d7A69f461979255443A8637955

#RADA #DAO #NFT #CRYPTO #TOKEN

#football #blockchain #cryptocurrency #investment #dao #nft #crypto
last year in #rada by
$0.00
    Reply 0