Introducing $RAA

RateX Network introduces the Fundamental Recommendation Protocol (FRP), a groundbreaking AI-powered engine, transforming the Web3 landscape. We address the critical gap of lacking advanced recommendation systems in Web3, facilitating swift, data-driven decision-making and lowering entry barriers for non-web3 developers.

$RAA Overview

$RAA is a ERC-20 token. It serves as a utility and governance token within the Ratex Network ecosystem.

• Ticker: $RAA;

• Maximum Supply: 1 000 000 000 (1 billion);

• Initial circulating supply: 84 500 000 (84.5 million);

• Listing Token Price: $0.1000;

  $RAA Utility

  RAA ecosystem is designed to create value for token holders and stakers. Here are some of the utilities of the RAA token:

  • Earning for Developers: monetization for developers of dashboards and data sets;

  • Active Community Awards: сommunity engagement in protocol enhancement and data validation

  • DAO Governance: RAX Network strives for decentralized protocol management. Most of the token emission will be in the hands of the community for future voting on the most important issues.

    Token Distribution

    Here’s a detailed breakdown of $RAA allocation.

    Private Sales: 18% allocation will be distributed to our private sale investors and angels. These investors helped bootstrap the protocol in the initial phase.

    Vesting terms: vesting conditions are subject to clarification based on the round in which the investor took part.

    Public Sales: 3% of tokens supply will be distributed to our retail investors who decided to support Ratex network and become part of it

    Vesting terms: 25% on TGE, followed by 3 linear months vesting.

    Airdrop: 8% of $RAA tokens to early supporters and users of Ratex Network.

    Liquidity: 5% of $RAA token supply will be allocated to liquidity pools and market makers.

    Vesting terms: 50% on TGE, 3-month cliff, followed by 12 linear months vesting.

    Foundation Treasury and future development: 30% $RAA tokens will be used for futere development of Ratex Network

    Vesting terms: 0% TGE, 12-month cliff, followed by 36 linear months vesting.

    Advisors: 5% of $RAA tokens are reserved for advisors / industry leaders who helped grow the protocol through their experience and connections.

    Vesting terms: 0% TGE, 12-month cliff, followed by 36 linear months vesting.

    Core Contributors (Team): 15% of $RAA tokens are reserved for core team members to incentivize their contributions and the long-term growth of the RAYS protocol.

    Vesting terms: 0% TGE, 12 month clifff, followed by 36 linear months vesting.

    Marketing and legal: 16% of $RAA tokens are reserved for payments for PR and legal issues. Will be used to support the future product development, ecosystem growth and needs.

    Vesting terms: 5% TGE, followed by 36 linear months vesting.

  $RAA Emissions Schedule

• Monthly emission of tokens RAX is designed in such a way as not to put significant pressure on the price.This is achieved by additional deflationary mechanisms that will have a positive effect on value in the long term.

  Concluding Thoughts

  $RAA tokenomics aims to ensure the long-term stability of the Ratex Network. The majority part of the tokens will be distributed among the community, allowing the network to be governed through decentralized voting mechanisms.

  In the future, the price of the token will be determined by the decrease in monthly inflation and the impact of long-term deflationary processes.