Hi Stellar Family,
Today, we have made a major decision to create a large ecosystem on Stellar’s client layer. We believe that, in addition to the DAO-managed core of Stellar, a community-governed ecosystem must be present on the client-side. To this end and to create a powerful ecosystem, we have decided to mint Rabet token (RBT) to turn our community members into stakeholders in the value that Rabet creates.
What Is RBT
RBT is a governance token for Rabet, minted on to enable community growth and participation.
Asset code: RBT
Asset issuer: GCMSCRWZ...H7LPSOYS
Total supply: 100,000,000 RBT
50% for ecosystem reward
Rabet is a community-led project, and we want to illustrate this fact by distributing RBT among community members. Our goal is to give 50% of the supply to the users via various programs.
The rewards incentivize holding, providing liquidity, and hunting bugs.
10% for the team.
These tokens are allocated to the development team.
10% for marketing.
These tokens will be used for Rabet’s branding, advertising, B2B partnerships, exchange listing fees and etc.
10% for public sale
These tokens are allocated to the community and will be distributed to members of the community through a public sale.
Note: We plan to hold an open auction in the near future to allow community members to buy RBT. The details will be announced in the coming weeks.
20% for pre-sale.
These tokens are allocated to investors who intend to invest in Rabet for the long term.
Note: We also have a pre-sale scheduled before the public sale to attract funds from long-term investors. The details will be announced in the coming weeks.
Token Circulation & Lock Period
Ecosystem reward: 2% each month from TGE
Team: 2 years locked and after that 5 % each month
Marketing: 5% each month from TGE
Pre-sale sale: 3 months locked and after that 5% each month
Public sale: 100% TGE
RBT use cases
RBT holders can vote on major community issues and participate in the development via a portal that will be built in the near future.
2. Bug report bounty
To incentivize the community to assist us in the development process, we have allocated 10% of the supply for bug bounties. The bug must be reported via a pull request on Github, and its bounty depends on the severity.
3. Pool reward
As another measure to encourage participation, we have allocated 10% of the supply to users who provide liquidity to the RBT/XLM and RBT/USDC pools. Rewards will be distributed every month.
4. Holder reward
As a way to reward loyal Rabet users and RBT holders, we have allocated another 10% of the supply to users who have RBT in their wallets. The rewards will be distributed every month in proportion to the number of tokens in your wallet.
Note: To qualify for this reward, you need to hold at least 1,000 RBT.
About Rabet 📘
Rabet is an integrated set of open-source wallets for the Stellar network, allowing everyone around the world to interact with Stellar.
For developers: Developers can directly inject Rabet into their application through the browser without the need to install an SDK or package. This is the start of safe interaction with your users.
For users: Users can easily do all operations available on Stellar, including asset transfer or asset exchange, and interact with all the Stellar apps in a safe user-friendly environment. Rabet is your key to entering the world of Stellar.
Keep your eyes on the Rabet! 👀
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