Rangers Protocol Gas

<p>Last week, Rangers Protocol announced the first CEX listing of its ecosystem token Rangers Protocol Gas (RPG) on BitWell, making the token more accessible to the public on top of its previous DEX listings on PancakeSwap and Uniswap.</p><p>The 24H trading volume of RPG has increased fiftyfold after the RPG/USDT trading pair was launched on the CEX platform, indicating a promising growth potential for RPG. Hence, now is the perfect time to run you through its token economy.</p><p><img src="https://academy-public.coinmarketcap.com/optimized-uploads/783a82b0802d43d2ac3e8885993a7118.png" /></p><h2 id="header-0">So, where do we start?</h2><p>Well, first things first, let’s get some fundamentals through a brief look at the RPG token economy design.</p><p>RPG, as the ecosystem token of Rangers Protocol, has a total supply of 21 million pieces. Acting as the native token of Rangers Protocol, RPG tokens are also issued in the ERC20 and BEP20 formats for wider use.</p><p>The RPG token economy system is designed based on two principles: the Principle of Protocol and the Principle of Transparency, with an idea to create real value for all users and encourage them to increase productivity.</p><p>This means the system relies on protocol behavior and economic incentives instead of lengthy procedures and coercive measures. Also, while there can be some centralized design features in the system, full information disclosure is assured to eliminate the black box operation as much as possible.</p><p>In the open economy system of Rangers Protocol, all users are free to participate in the system operation as either proposal nodes or verification nodes, which both constitute ecological nodes and generate blocks.</p><h2 id="header-1">How does RPG work, then?</h2><p>To better understand how tokens circulate and are used, we shall look at some RPG usage scenarios.</p><h3 id="token-circulation">Token Circulation</h3><p>The RPG tokens are circulating widely and freely among users, developers, investors, and ecological nodes in a virtuous economic cycle.</p><p>As Rangers Protocol gets connected to a growing number of major platforms, more developers are encouraged to develop, distribute, and operate applications based on Rangers Protocol with RPG being purchased and staked.</p><p>Users, on the other side, get to willingly experience these increasingly abundant applications or more services on Rangers Protocol through buying and consuming RPG tokens.</p><p>With the Rangers Protocol ecosystem continuously expanding, the RPG token will more than likely increase in value and attract more token holders and ecological nodes to join the economic system, thus contributing to a virtuous economic cycle.</p><h3 id="usage-scenarios">Usage Scenarios</h3><ul><li><strong>Economy Participants</strong></li></ul><p>The above discussed token circulation among developers and users for applications or services on Rangers Protocol are just two usage scenarios of RPG as the gas fees or usage fees for two groups of participants in the Ranger Protocol economy system, and there are more.</p><p>When using Rangers Protocol-based tools to publish, edit, and upload works onto the blockchain, or conducting marketing activities in application markets such as decentralized trading markets, auction markets, and copyright centers, creators need to pay or consume RPG as usage fees or gas fees.</p><ul><li><strong>Infrastructure Scenarios</strong></li></ul><p>As mentioned earlier, RPG generates blocks through ecological nodes which consist of proposal nodes and verification nodes. Ecosystem users either pay RPG as a deposit and become proposal nodes through community voting, or purchase and stake RPGs to become verification nodes following the purchasing and staking mechanism.</p><ul><li><strong>Governance Scenarios</strong></li></ul><p>What’s more, the RPG Foundation gets to establish communities with different functions, serving ecosystem governance, developer, token holders, and more. Each community can participate in the governance of Rangers Protocol using RPG.</p><ul><li><strong>Sub-chain Scenarios</strong></li></ul><p>Shortly, Rangers Protocol will launch a sub-chain plan to support developers in releasing sub-chains homogeneous to Rangers Engine, which will be allowed to issue tokens in the format of RAP20. The launches of such sub-chains will require community voting using RPG.</p><h2 id="header-2">Where do the values of RPG come from?</h2><p>To answer this question, we need to know how to acquire RPG in the first place and understand its appreciation logic.</p><h3 id="acquisition-scenarios">Acquisition Scenarios</h3><p>By participating in the block production process, both the proposal node candidates and the verification node candidates can receive RPG rewards.</p><p>Through delegating tokens to certain nodes, token holders can indirectly participate in network construction and obtain RPG rewards for the fact that such delegation helps improve the security of the network.</p><p>Winning users or teams in the development competitions, game contests, and other activities regularly held by the RPG Foundation can directly receive RPG as rewards, with their applications being further incubated into commercial dApps by the Foundation.</p><p>Applications in the Rangers Protocol ecosystem are also encouraged to give out RPGs as rewards to users for certain behaviors.</p><h3 id="appreciation-logic">Appreciation Logic</h3><p>70% of RPG tokens are either generated with block generation by proposal nodes (35%) and verification nodes (14%) or unlocked with block generation by the core team (14%) and incubator (7%). 8% of the remaining amount is released every 180 days. The overall token production is reduced by 50% every four years in a smooth production decline curve.</p><p>The governance of RPG tokens adopts the Random PoS mechanism, meaning that the prerequisite for being proposal or verification nodes is to stake a certain amount of RPG and that these nodes, as candidate nodes, will then be chosen for block generation on a purely random basis. During the period from staking to block reward distribution, RPG stays locked till all node rewards are issued (10 hours). The mechanism reduces the instantaneous inflation rate of RPG and further ensures the slow release of RPG tokens.</p><p>Rangers Protocol seizes an exceptional blockchain game track with content and service as its business model. Basic application service components, including Storage Service, Data Service, Private Key Management, Assets Management, and IDE, can help developers reduce costs and improve efficiency while having the fee-charging scenarios and potentials comparable to those of the traditional game industry. These will increase the consumption of RPGs or transfer RPGs to ecosystem co-builders.</p><h2 id="header-3">Where are we now?</h2><p>To sum up, the token economy design of Rangers Protocol is a virtuous economic cycle, allowing locked positions and benefits for long-term currency holders. All users in the system can have corresponding benefits.</p><p>Developers holding RPG can obtain appropriate dApps development resources without worrying about limitations and constraints associated with user acquisition and infrastructure performance. Users can focus on the new experience of dApps and digital assets. And system maintainers also get their due rewards.</p><p>Besides, Rangers Protocol’s token design is reasonably based on a complete distribution mechanism, incentive income, and genuine random algorithm of VRF. The consumption, circular usage, and inherent value of RPG provide a powerful growth engine for itself and will be a qualitative leap of the underlying protocol in the existing blockchain industry.</p><p></p><h2 id="header-4">About Rangers Protocol</h2><p>Rangers Protocol is a Metaverse blockchain infrastructure. It is a high-performance engine for complex development and data migration. Rangers Protocol is fully compatible with Ethereum, professionally supports NFT and complex applications, and integrates and expands cross-chain, NFT, EVM, and distributed network protocols.</p><p><a href="https://rangersprotocol.com/" rel="noopener noreferrer nofollow">Website</a> |<a href="https://t.me/RangersProtocol" rel="noopener noreferrer nofollow"> Telegram</a> |<a href="https://medium.com/rangersprotocol" rel="noopener noreferrer nofollow"> Medium</a> |<a href="https://twitter.com/rangersprotocol" rel="noopener noreferrer nofollow"> Twitter</a> |<a href="https://discord.gg/KMGd755zu9" rel="noopener noreferrer nofollow"> Discord</a> |<a href="https://rangersprotocol.gitbook.io/rangersprotocol/" rel="noopener noreferrer nofollow"> GitBook</a> |<a href="https://linktr.ee/rangersprotocol" rel="noopener noreferrer nofollow"> Linktree</a></p>

Let's Talk About RPG Token Economy

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