What is the issuance and circulation of RACA coins?

RACA's circulating supply, equivalent to 31% of its total issuance, allows for a robust ecosystem supporting content creators, decentralized governance, and the utilization of NFTs and virtual assets.

Oct 25, 2024 at 02:58 pm

What is the Issuance and Circulation of RACA Coins?

1. Issuance

RACA (Radio CACA) is the native token of the RACA ecosystem, a blockchain-based entertainment platform. RACA was launched in December 2021 through an initial DEX offering (IDO) on DAO Maker and PancakeSwap.

2. Total Supply

The total supply of RACA is capped at 600 billion tokens.

3. Distribution

• 40% (240 billion tokens): Ecosystem (including user incentives, liquidity, and development)
• 25% (150 billion tokens): Long-term ecosystem development (vested over 4 years)
• 15% (90 billion tokens): Token sale (IDO and seed rounds)
• 10% (60 billion tokens): Team and advisors
• 5% (30 billion tokens): Reserve fund
• 5% (30 billion tokens): Creator incentives

4. Circulation

As of August 2023, the circulating supply of RACA is approximately 186 billion tokens, corresponding to about 31% of the total supply.

5. Use Cases

RACA, the multi-utility token of the RACA ecosystem, serves various functions, including:

• Rewarding content creators: Creators can earn RACA by contributing to the RACA Universe ecosystem by uploading high-quality VR content.
• Governance participation: RACA holders can participate in governance decisions via the RACA DAO, influencing the platform's development direction.
• Purchasing NFTs and virtual land: RACA can be used to purchase NFTs (Metamon characters) and virtual land (Metamon Islands) within the RACA Universe.
• Staking: Holders can stake RACA to earn rewards and support the network's security.
• In-game currency: RACA can be used as currency within RACA-based games and applications.

6. Market Value

The price of RACA fluctuates based on market demand and supply. As of August 2023, the value of RACA is approximately $0.0002.

7. Transparency

The RACA team has implemented strict measures to ensure transparency and accountability. The distribution of RACA tokens is documented in the official whitepaper and undergoes regular audits by independent third parties.