Tokenomics

Tokenomics

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Updated At: 04 April 2022

$RETH will be unlocked in a pre-determined schedule which lasts for 22 months from the seed sale. The above chart illustrates the maximum possible issuance of $RETH over the coming years, and the total supply will never exceed 1,378,000,000

Events

Tokens

Token Price

Total supply (%)

Amount to raise

Fully diluted Mcap

TGE marketcap at public price

TGE

Month 1

Month 2

Month 3

Month 4

Month 5

Month 6

Month 7

Month 8

Month 9

Month 10

Month 11

Month 12

Month 13

Month 14

Month 15

Month 16

Month 17

Month 18

Month 19

Month 20

Month 21

Month 22

Month 23

Month 24

Month 25

Month 26

Month 27

Month 28

Month 29

Month 30

Month 31

Month 32

Seed 180,000,000 $0.017 13.1% $3,060,000 $23,426,000 $0       5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5%                    
Strategic 150,000,000 $0.023 10.9% $3,450,000 $31,694,000 $0     5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5%                      
Private 170,000,000 $0.026 12.3% $4,420,000 $35,828,000 $255,000 5% 5% 7% 7% 7% 7% 7% 7% 7% 7% 7% 7% 7% 7% 6%                                    
Public Sale 50,000,000 $0.030 3.6% $1,500,000 $41,340,000 $150,000 10% 15% 15% 15% 15% 15% 15%                                                    
Game Rewards 275,000,000   20.0%     $0   2% 2% 2% 2% 2% 2% 2% 2% 2% 2% 4% 4% 4% 4% 4% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5%          
Staking Rewards 160,000,000   11.6%     $0   5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5% 5%                        
Development & Team 150,000,000   10.9%     $0                           11% 8% 8% 8% 8% 8% 8% 8% 8% 8% 8% 1% 1% 1% 1% 1% 1% 1% 1% 1%
Liquidity 8,000,000   0.6%     $192,000 80% 20%                                                              
Treasury (CEX Listing, MM, Marketing) 200,000,000   14.5%     $120,000 2% 3% 5% 5% 5% 5% 5% 5% 10% 10% 10% 10% 10% 10%                                      
Advisors 35,000,000   2.5%     $0     1% 2% 1% 2% 1% 2% 1% 2% 1% 2% 1% 8% 8% 8% 10% 8% 8% 10% 8% 8% 8%                    
Total 1,378,000,000   100.00% $12,430,000 Initial mcap (Ex. Liquidity): $525,000                                                                  
          Fully diluted mcap $41,340,000                                                                  
            Tokens on TGE (Ex. Liquidity)                                                                  
            17,500,000                                                                  
    Listing price $0.03                                                                        

Rationale for Tokenomics Change

The old version of RoE tokenomics, although very optimistic, does not suit the current market conditions and, more importantly, does not serve the interest of the token holders.

The very large raise and extremely high fully diluted market capitalization in the old version of the tokenomics would have put the project in the position to fail at the very beginning. VCs are reluctant to participate in projects with very high raises and huge market caps because of the increased downside risk.

Having a market cap of over $100 million would put RoE in the top 30 on Coinmarketcap.com gaming category. This would be a great achievement but it is unreasonable to make it a prerequisite for the token value staying afloat. At such a high market cap, even after all of the tokens are unlocked, high returns are expected - at least a few X on the initial listing price. That is why the raise, and thus the fully diluted market cap, are reduced.

Overall, the new version of the tokenomics is aimed to reduce the potential for short-term speculation and promote long-term ownership of the token, which would fall in line with RoE becoming a successful game, as opposed to a way for speculators to make quick returns.

Total Raise

Total raise was reduced to $12.4M to better fit market conditions and make sure the token sale rounds can be filled faster and with a lower chance of unsold tokens remaining. VCs as well as retail token buyers might find high raise amounts ill-advised at best and cash-grabbing at worst.

Unlock Schedules

Unlock schedules have been adjusted and, in general, became longer, thus reducing the risk of a sudden dump of the token. Also, longer unlock schedules filter out participants looking for quick speculatory gains and instead draw investors who are really interested in RoE’s long-term success.

Liquidity allocation

Liquidity allocation has been tailored to the newly lowered initial market cap. Liquidity token unlock amount at TGE is twice the value of the rest of the TGE unlock and therefore enough to make sure that the token increases in value. Also, CEX listing allocation has been moved to a different line - marketing, so that confusion is avoided.

Treasury allocation

A new category of token allocation is introduced - the Treasury. These are the tokens with which CEX listings and Marketing services are paid for.

Initial market cap and Fully diluted market cap

Initial market cap has been reduced to accommodate a larger upside for the token sale participants. Fully diluted market cap has been significantly reduced, once again to allow for a larger upside and to reduce the inflationary pressure on the token price. Liquidity allocation is no longer included in market cap calculations due to it having the opposite effect on the token value.

Game and staking rewards

Gaming rewards and staking rewards get a relatively larger allocation to better incentivize the players who are playing for the P2E aspect of the game and also to better motivate the token holders to stake the token.

Token price

Token price has been reduced to make token amounts more divisible. In-game purchases and rewards then come in round numbers with less decimal places, making the overall user experience better. Also, the percentage difference between pre-sale and public sale price is reduced in order to better support long-term value of the token by preventing speculatory dumping of the token.

Public sale size

The public sale size has been reduced in order to make sure that the public sale is successful and 100% of the tokens are sold. Also, fewer launchpads are needed and each of them gets a smaller allocation. Launchpads are typically reluctant to have very high allocations due to the risk of failing to sell all of the tokens.