What is RACA currency? What does RACA coin mean?

RACA Currency, the utility token powering the Radio Caca ecosystem, serves as a gateway to NFT purchases, staking rewards, governance voting, and GameFi rewards within the platform's expanding offerings.

Oct 24, 2024 at 03:22 pm

What is RACA Currency? Understanding the RACA Coin

1. Overview of RACA Currency

RACA (Radio Caca) is a cryptocurrency native to the Radio Caca ecosystem, a decentralized autonomous organization (DAO) centered around Non-Fungible Tokens (NFTs) and GameFi. RACA serves as the utility and governance token within the ecosystem, powering various applications and granting holders voting rights.

2. RACA Coin's Functionality

• NFT Marketplace Purchases: RACA is the primary currency used to purchase NFTs on the Radio Caca NFT marketplace, including Maye Musk Genesis and Metamon collections.
• Staking and Rewards: RACA holders can stake their tokens to earn rewards and participate in the governance of the Radio Caca ecosystem.
• Governance Rights: Holders of RACA tokens can vote on proposals and decisions that affect the future development of the ecosystem.
• GameFi Rewards: RACA is used as an in-game currency and reward token in Radio Caca's GameFi products, such as Metamon Go.

3. Significance of the RACA Coin

• Ecosystem Utility: RACA is essential for participating in the various aspects of the Radio Caca ecosystem, from NFT purchases to governance and GameFi activities.
• Value Accrual: The demand for RACA increases as the Radio Caca ecosystem grows and attracts more users. This demand can drive up the value of the token over time.
• Governance Influence: RACA holders have a direct say in the direction of the Radio Caca ecosystem through their voting rights. This gives them a sense of ownership and control over the platform they engage with.

4. RACA Coin Distribution

The total supply of RACA is 105,276,598,733 tokens. The initial distribution was as follows:

• 60% Community Allocation
• 20% Team Allocation
• 12% Staking Rewards
• 5% Early Backers
• 3% Ecosystem Fund

5. RACA Coin's Value and Use Cases

As of September 2023, the market capitalization of RACA is approximately $180 million. The token is listed on several major cryptocurrency exchanges, including:

• OKX
• Bybit
• Gate.io
• Uniswap
• Binance

RACA is gaining popularity as the Radio Caca ecosystem expands its offerings and attracts a growing community of NFT enthusiasts, GameFi players, and crypto investors.