# What is RAE Token?

### RAE Token is the compensation protocol for creators.

Its mission is to be the best protocol to compensate creators, empower fans, and strengthen the direct connection between the two.

The RAE ecosystem achieves this goal by:

1. using the RAE Token to distribute ecosystem value, and
2. removing the interfering stakeholders of other models (e.g, advertisers and overbearing platforms.)

RAE Token is a payment infrastructure that allows creators to package their content with other creators, providing them with better economics and flexibility. It treats creators like founders of the network by providing them autonomy and has proven to be a better compensation model. This autonomy means creators can take breaks to avoid burnout and can try out different content without fear of losing their income overnight.

Simply put, creators are removed from the YouTube rat race and empowered to find their path with their fans. 

[Learn more: RAE Token Quick Intro.](https://intro.raetoken.org/)

# How Can I Use RAE Token today?

Creators can apply to start a Rokfin channel to earn RAE Token. [Apply here.](https://rokfin.typeform.com/to/B1H0V9)

Fans and other users can stake RAE Token for a free premium subscription to all of the premium content on Rokfin. [Stake here.](http://rokfin.com/stake)

# How Many RAE Tokens Are There in Circulation?

The circulating supply is dynamic and is currently ~7.1 million tokens. 

RAE Tokens are continuously minted (created) to distribute value to creators and burned (verifiably destroyed) to access premium ecosystem content. 

To date, 12.2 million RAE Tokens have been minted of the 34 million total supply cap, and 5.1 million have been burned and removed from circulation forever.

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Peercoin, also known as PPC or Peer-to-Peer Coin, was created by Sunny King and his team and launched in August 2012. It is the first blockchain to implement Proof-of-Stake consensus.

The primary inspiration behind the creation of Peercoin was to address a number of perceived shortcomings of Bitcoin, including energy efficiency, security and sustainability, decentralization and long-term viability.

Essentially it was designed as an enhanced replacement for Bitcoin. As such, it was originally forked from Bitcoin and uses the same UTXO style blockchain. However, Peercoin's code was modified to introduce Proof-of-Stake as its primary consensus protocol. The next section explains how this makes for a better blockchain.

Given that Peercoin uses most of the same code, it can easily port new features from Bitcoin and utilize any of the supporting infrastructure, including tech advancements like Taproot or Lightning Network. Peercoin is the only Proof-of-Stake blockchain that uses modern Bitcoin code, making it the perfect drop-in replacement.

Peercoin also has a dedicated community, is actively developed, fairly distributed, has low barriers of participation, can do everything that Bitcoin does, minus the 13 TWh of energy usage, and it's not a scam.

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Kleros (PNK) is a decentralized dispute resolution project that launched in July 2018. It is an open-source online dispute resolution protocol that uses blockchain and crowdsourcing to adjudicate disputes fairly.

Kleros offers a middleman service for decentralized applications (DApps) and their users. If the service provided by the application does not create a dispute, Kleros acts as a trustless third-party service for payment.

When a dispute does occur, however, each party can apply for arbitration through the Kleros arbitrators that are selected from the owners of PNK tokens. PNK is an Ethereum-based ERC-20 utility token with a fixed supply.

At this point, the jurors can make a decision that will favor either party. The arbitration fees are distributed to all arbitrators in the form of ETH; jurors who have issued a minority decision lose part of their PNK tokens for the benefit of the majority of jurors. This decision can be appealed, at a cost. The stated mission of Kleros is to offer easier access to justice and improve individual freedom.

Kleros charges a cost that is payable in ETH and is provided by the parties to the dispute or drawn from the funds previously locked in escrow.