Raini Studios is making waves in the crypto space with the launch of their brand-new token, the Raini Studios Token ($RST). Designed to be Layer Zero-compatible and live on Beam, an AVAX Subnet built by Merit Circle, $RST is set to revolutionize the Raini: The Lords of the Light (RTLOL) ecosystem. With a slew of innovative tokenomics aimed at sustainable growth, community incentives, and a player-focused economy, $RST is not just another crypto token; it’s the backbone of a thriving play-to-earn blockchain game. Dive in to discover how $RST is changing the game.
What is the Raini Studios Token ($RST)?
The Raini Studios Token (RST) is a utility token used in the Raini: The Lords of the Light (RTLOL) ecosystem, a play-to-earn (P2E) game developed by Raini Studios. The token was introduced to create a sustainable ecosystem for the game, with new tokenomics that include adjustments to treasury vesting, emissions, play-and-earn rewards, and more.
Purpose and Utility of $RST
The primary purpose of the RST token is to facilitate transactions and interactions within the Raini Studios platform. This includes:
- Payments: Users can use RST to pay for services and products offered by Raini Studios, such as subscriptions, premium content, and in-app purchases.
- Rewards: Content creators can earn RST as a reward for creating and sharing high-quality content. This incentivizes creators to engage with the platform and helps to foster a vibrant community.
- Governance: RST holders can participate in the governance of the Raini Studios ecosystem by voting on proposals and decisions that affect the platform's development and direction.
- Staking: Users can stake their RST tokens to earn passive income, participate in network security, and contribute to the decentralization of the platform.
Unique Features and Benefits
The Raini Studios Token ($RST) is the primary game currency for Raini: The Lords of Light, a play-to-earn blockchain competitive trading card game developed by Raini Studios. The token enables various earning mechanisms, such as winning ranked battles, completing daily quests, and renting out higher-level cards, to drive user adoption. The RAINI token has liquidity and is fully tradable, allowing players to buy and sell it on the market at their discretion.
In addition to the RAINI token, the game also features governance tokens that allow players to vote within the game's ecosystem. The finite supply of these tokens ensures that they retain their value over time. The governance tokens are distributed through various mechanisms, such as participating in tournaments or completing quests, and can be used to vote on critical decisions regarding the game's development.
Tokenomics and Distribution Model
The tokenomics of RST have been revised to create a more sustainable ecosystem for Raini: The Lords of the Light. The changes include adjustments to treasury vesting, emissions, play-and-earn rewards, and more. The treasury vesting schedule has been changed from 1 year to 2 years, and the emissions schedule has been adjusted from 5 years to 10 years. This is aimed at lowering the token's emission rate and aligning with the goal of sustainable growth and value retention.
Total Supply and Circulating Supply
The total token supply of RST is 1 billion tokens, with 570 million tokens currently in circulation. The fully diluted valuation (FDV) of RST is BTC592.3026, representing the maximum market cap if all 1 billion tokens are in circulation.
Distribution Model
The token distribution model is as follows:
- Initial Circulating RST: 50%
- Adoption Incentives: 27.5%
- Private Sale: 12.5%
Vesting Periods and Lock-Ups
The treasury vesting schedule has been adjusted from 1 year to 2 years, and the emissions schedule has been extended from 5 years to 10 years. This change is intended to lower the token's emission rate and align with the goal of sustainable growth and value retention.
Community Incentives
A 1% sell tax has been introduced, which will be used for community incentives such as tournament prizes, events, and giveaways. Additionally, 40% of RST storefront revenue will go back to the players, with 10% directly going to existing systems every month and the other 30% going into Player Reward pools for Leaderboard, play-and-earn (P&E), and create-and-earn (C&E) rewards.
In-Game Incentives
In an effort to facilitate play-and-earn gameplay and reward RTLOL players, 100 million tokens initially set for liquidity provider (LP) incentives will now go towards in-game incentives. The Team Pool has been removed and replaced with the Communities Pool, funded by CEDEN and Kanpai Studios' forgone 50 million RST allocation. This new pool aims to reward NFT holders and increase the player base.
Market Data
Coin Statistics
- Current Price: $0.1250
- Market Cap: $0.00
- 24h Price Change: 11.02%
- 7d Price Change: 9.40%
- 30d Price Change: 9.40%
- 24h High: $0.1256
- 24h Low: $0.1083
- All-Time High: $0.1256 (2024-03-10T01:37:00.000Z)
- All-Time Low: $0.1083 (2024-03-09T02:17:00.000Z)
- Circulating Supply: 0.00
- Total Supply: 1,000,000,000.00
The Team Behind Raini Studios Token
Raini Studios, the developers of Raini: The Lords of the Light (RTLOL), have recently revealed new tokenomics for their ecosystem token, $RST. The team behind Raini Studios consists of experienced professionals with backgrounds in various industries, including blockchain and gaming.
Core Team Members
- Alex Moody - CEO of Ceden and the leader of the amalgamated studio post-acquisition. Alex has extensive experience in the blockchain and gaming industries, having led Ceden to strategic partnerships and acquisitions.
- Michael Haller - In charge of gaming development for the new undisclosed combat game. Michael is an industry veteran with a strong background in game development and a proven track record of delivering successful gaming projects.
- Marty Burgess - Lead Designer at Raini Studios. Marty continues his role post-acquisition, ensuring the continuity and quality of Raini Studios' offerings.
- Eliza Crichton-Stuart - Head of Operations at Raini Studios. Eliza's role involves overseeing the day-to-day operations of the studio and ensuring the successful execution of its projects.
These core team members bring a wealth of expertise and experience to Raini Studios, positioning the company for success in the blockchain gaming and NFT space. The new tokenomics for $RST are designed
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