XRT Token Distribution Plan: Past, Present and Future

After the launch of the Polkadot mainnet in the first quarter of 2021, many IoT developers have set their sights on this public chain project with good scalability and interoperability. How should information be exchanged between IoT devices? How to ensure authenticity and security, the development team Robonomics gave their answer. For the overall migration process of the Internet of Things to the Polkadot ecosystem, you can refer to Rhythm’s previous article: "The Polkadot of the Internet of Things" Migration: What's the Future?"

Robonomics Web Services (RWS) is going Centralized service infrastructure, covering many fields such as IPFS, Ethereum, Polkadot for Robotics, and the Internet of Things. Its core functions are: (1) Based on the IPFS protocol, complete unlimited message delivery on the p2p network; (2) Write data into IPFS and store it in the public chain through hash encryption; (3) In the decentralized computer Control specific IoT devices to turn on or off.

As an important governance token in RWS, RWS adopts a unique subscription mechanism, which can be The holder provides lifetime service. 1 RWS can provide IoT devices with 1 transaction support per second through the Robonomics parachain (for example, 0.1 XRT can enable holders to share telemetry data to the main network every 10 seconds), and the monthly transaction volume limit is 2,500,000 Pen, no time limit. At the same time, at any point in time, holders can sell their RWS on Uniswap.

Robonomics adopts a dual-token model, and another token, XRT, has stronger circulation and applicability. The connection with regular users is also stronger. DAO, the developer of Robonomics, released the latest XRT distribution plan, briefly describing the distribution history of XRT, and also looked forward to the double-chain interoperability of Ethereum and Polkadot in 2022. Rhythm will compile the full text as follows:

Introduction

As early as September 2020, DAO, the developer of Robonomics, released the first version of the distribution plan, which contains a long-term plan for the team to further migrate to the Polkadot ecosystem. And now the team believes that it is necessary to provide the community with New XRT distribution plan is up.

This article is divided into three parts:

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Past (including overview of XRT distribution from Q1 2020 to Q1 2021).

Now (includes current XRT distribution from Q2 2021 to Q1 2022).

The future (depicting the development prospects of Robonomics after the dual-chain interoperability in 2022).

Past

From Q1 2020 to Q1 2021, the total XRT in circulation is 1,268,496.

Let's take a look at the meaning of each data:

1. In the Alembic smart contract, AIRA -> XRT holders have 1,000,000XRT with 686,640

2. Robonomics developer DAO distributed 206,696 XRT to community members through an incentive plan, which includes :

1) Incentives for liquidity providers on Uniswap & Pancakeswap;

2) Robonomics parachain collector rewards;

3) Package sales.

3. The Robonomics core developer reward from 2019 to Q1 2021 is 61,800 XRT.

now

The "now" phase covers Q2 2021 to Q1 2022:

The 7,000,000 XRT will be locked until Robonomics developer DAO merges Ethereum and Kusama tokens.

A maximum of 502,000 XRT will be added to circulation between Q2 2021 and Q1 2022:

1. Robonomics developer DAO holdings (capped at 370,000 XRT);

2. Inflation (capped at 132,100 XRT).

Robonomics Core Developer DAO Program

  ;

1. 50% of the circulating tokens (865,752) will be migrated to the Robonomics parachain DAO treasury after the Kusama parachain slot is stable;

  ;

2. Robonomics developer DAO will lock 495,752XRT to the stage of double-chain interoperability (after 2022);

3. Depending on market conditions, up to 100,000 XRT will be distributed in parallel at

4. Robonomics DAO will be sold in the second quarter of 2021 to In the first quarter of 2022, up to 85,000XRT will be allocated to Robonomics core developers. For details, see Robonomics' Roadmap;

5. Robonomics DAO will allocate up to 85,000XRT to the community from the second quarter of 2021 to the first quarter of 2022, which is Will include:

    a. Liquidity Provider Reward Project;

    b. Academic SupportReward;

    c. Hackathon;

    d. Crypto community growth activity.

6. The "Parachain is live" public sale event will provide 50,000XRT of liquidity. The sale will be conducted under Dutch Auction; the funds raised will be deposited into the Kusama treasury of the Robonomics developer DAO.

7. "Packaged" private sales are only open to certain smart currency investors who have made various contributions to the development of Robonomics.

XRT inflation plan from the second quarter of 2021 to the first quarter of 2022

1. Rob on the Ethereum chain onomics allows users to mine XRT; Core Robonomics developers will receive roughly 100 XRT minted as rewards for providing trusted oracles;

2. During this period XRT stakers on the Robonomics parachain can earn up to 120,000 new XRT.

3. Parachain collectors who maintain nodes in the first year can participate in the distribution of 12,000XRT.

future

After Kusama and the Ethereum cross-chain bridge are stable and reliable, Robonomics developer DAO will merge the double-chain tokens and enter the era of double-chain interoperability.

1. 2021 The XRT issued by the Robonomics developer DAO from the second quarter to the first quarter of 2022 will increase the total circulation by approximately 502,100. Therefore, the new total circulating XRT is expected to be 1,770,596;

2. After the Robonomics double-chain interoperability, the developer DAO will vote democratically Destroy a certain amount of XRT. During this period, XRT holders will decide how much of the locked 7,000,000 XRT will be burned and how much will be auctioned in the Netherlands after the dual-chain interoperability.

3. The core developer DAO on Ethereum can obtain the previously locked 495,752XRT;

4. Robonomics relay chain validators and collectors will share 1,000,000XRT distribution incentive plan (inflation);

5. In the first year after Ethereum 2.0 goes online, it is expected that 10,000XRT will be minted on Ethereum as a reward for providing a trusted oracle.

For the latest XRT distribution plan, see: ROBONOMICS COMMUNITY

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