RBH Tokenomics
All you need and want to know about the RBH token economy in greater detail.
What does the RobinHood team get?
No pre-mine
No pre-sale to private investors
Fair launch on PancakeSwap
9% of the distributed tokens will go to funding development to ensure sustainable and rapid innovation.
RBH Tokens | |
Blockchain | Binance Smart Chain |
Max Supply | 32,000,000 RBH |
Initial Liquidity | 88,888 RBH |
Initial Liquidity Date | 11 June 2021 |
Smart Contract Address | To Be Announced Closer to Launch |
Dev Allocation | 9% of block rewards |
Warchest Allocation | 6% of block rewards |
Charity Allocation | 5% of block rewards |
Initial LP Lock | 12 months via Timelock Smart Contract |
In light of the generous feedback of the community, we have decided to drastically decrease the emission rate for RBH from 1.0 RBH per Block to 0.2 RBH per Block. We have considered this to be the best moving forward, as it allows for RBH circulation to grow at a sustainable rate.
Emission Schedule | |
Start Block | 8,349,187 |
Start Date | 16 June 2021 |
End Block | |
Emission Rate | 0.2 RBH per BSC Block |
Duration | Perpetual Until 32,000,000 RBH is Minted |
Dev Allocation: This is the percentage of block rewards (9%) that will go towards funding the development of the block rewards, and also act as reserves.
Warchest Allocation: This is the portion (6%) of the block rewards that will be used for multiple purposes. Initial stages would see this fund be used for partnerships acquisitions, for marketing online and offline both traditional and crypto-focused media, along with hiring of additional hands.
Charity Allocation: This is where 5% of block rewards will be donated to charities. Depending on the token economy at the time, it will either be liquidated in full or in part in order to prevent an impact on price.
Disbursement of Charity Fund
The 5% charity fund will be disbursed in fiat to the respective charities. That being said, RBH collected for charities will need to be swapped for BUSD in order to convert that into fiat for the respective charities. In the interest of preventing averse price impacts, RobinHood will NOT be liquidating its charity allocation all at one go. In fact, it will be done so in a consistent and responsible matter. Unfixed portions of the dev, warchest and charity allocations will be liquidated over time in order to build the charity fund in fiat. When a charity campaign ends, the amount to be donated will be done so in fiat, and the equivalent amount in dollar value of RBH will be sent to burnt. This will create a value for the charities, while preserving the token economy of RBH.
RBH Token Burning RBH will be bought back by developers at intervals with excess funds from dev allocation and/or warchest allocation in order to maintain token economy. This will be decided on and executed by the team. Initial stages will see no burning as most funds will be channeled into generating awareness, traction and partnerships to push the platform forward. Once that is done, a revised token burn schedule will be put in place.
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