About RAX Token
What is RAX Token?
RAX token is the main element of tokenomics. Developers build cApps in any programming language and convert to dApps using Rays Procotol, paying for the conversion with RAX tokens.
Users install fresh dApps from the application marketplace into their Rays DEX terminal, use dApps data to make exchange transactions, the protocol earns a fee in native blockchain currencies, part of which is paid to the developer.
Also, the user can buy NFT platforms, trade and earn RAX, this is another important incentive in our tokenomics.
$RAX Token Utilities
Rays Platform fees:
App Deployment in RAX
App Subscription (monthly) in RAX
Platform % of Developers profits in BNB/ETH/ARB
Sale and Resale NFTs in BNB/ETH/ARB
Community Incentives/Rewards:
Referral rewards
Earning for the Platform Users (for benefiting to the Platform)
Community Incentives (Bounty/Airdrop/Lotteries etc.)
Incentives for using NFTs
Staking rewards
Earning for Developers
App Subscription (monthly) in RAX or BNB/ETH/ARB
Transaction and Trading Fees in BNB/ETH/ARB
DAO Governance
Deflation Mechanisms
Burning of RAX token
1) The Platform will burn from up to 50% of all its profit in RAX.
2) Part of Platform profit in RAX tokens will be burned by the decision of DAO Governance.
3) Users will burn some amount of tokens by themselves in order to participate in DAO.
Buyback and Burning of RAX token
Up to 50% of the Platform's profit in BNB/ETH/ARB (and other crypto) will be distributed to bayback RAX and burn it.
Staking
1) Staked tokens are withdrawn from the circulation.
2) Staking fee for early withdrawal.
3) A minimum stake amount is set up.
4) Proportional staking rate to attract more stakers: the staking rate is higher, than less stakers there are.
DAO Governance
Stimulation of staking and burning
Allocation to the Emergency Pool
The Platform allocates 2% of its profit to the ''Emergency Pool" - an insurance pool for users against attacks etc. These tokens will be withdrawn from the circulation to a separate wallet.
Halving mechanics of the Community Earnings & Staking unlock
Community Earnings & Rewards" pool (31% of total supply) will be unlocked with exponential decay pattern (the unlocked RAX tokens are halved every two years).
User demand for RAX token
We constantly invest in our community growth. The community (developers and traders) constantly buy RAX token in order to pay fees, this creates a high demand on token.
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