SRB RAREnomics & ESDT Token ($RARE) Distribution
SuperRareBear RAREnomics & ESDT Token ($RARE) Distribution
Name: RARE
Ticker: $RARE
Max supply: 99,999,999
1. RARE token reasoning & usecase
Often tokens are created not out of necessity, but just because they can be. $RARE is different and will play a vital role within the SRB and hopefully the NFT ecosystem as a whole.
Our $RARE token will have utility, no presale or IDO & can be earned by staking & rewards.
2. Potential usecase
¤ Merchandise
¤ Gaming/metaverse currency/ rewards
¤ NFT minting
¤ Governance (to be explored)
3. Token distribution
Max Supply: 99,999,999
¤ NFT and ESDT staking (80% or 80,000,000 $RARE)
¤ Brand Growth and Exposure (7.5% or 7,500,000 $RARE)
¤ Development (7.5% or 7,500,000 $RARE)
¤ Team (5% or 4,999,999 $RARE)
1. NFT & ESDT staking
The majority of $RARE allocation will be used for NFT & ESDT STAKING 80 million, with NFT staking taking priority.
Below in the Excel spreadsheet (fig.1) you will see the 10- year NFT Staking plan rewards paid in ESDT. How the pools operate will be made clear later on.
10-year NFT Staking plan (Fig.1)
Note*: 2024 and 2028 leap years
Note **: Staking continues longer than 10 years so total doesn’t equal 99,999,999
1. Brand growth and exposure
These funds are used primarily for marketing purposes to bring awareness to the SRB brand. This can include contests, advertising, events and general exposure.
7,500,000 $RARE tokens have been allocated for this purpose distributed over the course of 5 years with 1,500,000 $RARE being distributed yearly.
Year 1
600,000 $RARE upon launch
225,000 $RARE per quarter
Year 2–5
375,000 $RARE per quarter
2. Development
These funds are used for development and research, including upgrades to existing infrastructure, expansion into other areas, gaming, metaverse, security and other technological advances.
7,500,000 $RARE tokens have been allocated for this purpose distributed over the course of 5 years with 1,500,000 $RARE being distributed yearly.
Year 1
600,000 $RARE upon launch
225,000 $RARE per quarter
Year 2–5
375,000 $RARE per quarter
3. Team
These funds are used primarily to reward members of the team and other freelance work that may be needed.
4,999,999 $RARE tokens have been allocated for this purpose with a one-year vesting period from launch date and there after a quarterly release for 4 years.
4. NFT staking explained
You hold one of our, or our partners NFTs and want to be rewarded for doing so, right? This is where our NFT staking comes in with some unique attributes.
When you stake your NFTs are sent to a smart contract where they will earn a certain amount of $RARE per day. Security is one of the highest priorities to us and you can ensure that everything will be thoroughly tested.
5. The pools
¤ SRB pool
This pool is for every SRB NFT (not ULTRAs)
SRB staking:
Max supply: 9,863 NFTs
1 $RARE per NFT per day (full pool)
Daily max: 9,863 $RARE
Note: Calculation is for the 1st year.
If the number of Bears in the pool is less than the maximum then each SRB will earn more.
Example:
4,000 SRB in the pool
9,863/4,000 = 2.46575 $RARE
So, in this case each Bear would earn 2.4 $RARE per day
This system allows for a healthy balance and for those that wish, to be able to switch pools.
All NFT pools emissions will decrease by 50% every 2 years ensuring longevity of staking while rewarding early supporters.
¤ ULTRAs pool
There are 137 ULTRA SRB NFTs that can be recognized by their diamond in the lower right corner and from the traits displayed on market places.
ULTRAs staking:
Max supply: 137 NFTs
14 $RARE per NFT per day (full pool)
Daily max: 1,918 $RARE
Like SRB the number of ULTRAs in the pool will determine the amount earned, so the lower the number in the pool, the more will be earned by those staking.
¤ BEAR and MICE pool
This pool offers staking in pairs with both a SRB NFT and our partner MICECITYCLUB and their MICE NFT.
Bear and Mice staking:
Max Pairs: 8,000 (Mice supply)
3 $RARE per pair per day
Daily max: 24,000 $RARE
At first glance the above pool seems like it’s paying the highest rewards. However, rewards will drop in proportion to stakers, the amount is fixed per staking pair to 3 RARE.
For example: if there are 100 or 8000 pairs in the pool you will still earn 3 $RARE for your Bear & MICE combo.
Important: The excess $RARE that is not used to reward stakers of Bear and Mice pool will be used to reward $RARE stakers.
¤ Special Trait Pool
You may have noticed that SuperRareBears has a massive amount of traits (over 600).
So instead of extra rewards for rarity we decided to reward them.
To do this there will be a randomly selected trait (possibly multiple) that will be able to earn extra rewards every 2 weeks in this pool.
Special trait staking:
Max supply: 500 NFTs
3 $RARE per NFT per day (full pool)
Daily max: 1,500 $RARE
Like the SRB pool the lower the amount of stakers the more you will earn.
One of the aims of this pool is to stimulate trading and rewarding of proactive community members.
¤ Abominations/ abominator pool
Abominators are an animated NFT of a syringe, that will be used in the future to “mutate” a SRB and form a new collection called Abominations.
During this process the Abominator will be destroyed and the SRB will remain intact.
Abomination staking:
Max supply: 3,999 NFTs
3 $RARE per NFT per day
Daily max: 11,997 $RARE
Note:This pool will not be active for at least 6 months after Staking pools are enabled. Calculation above is for the 1st year.
It’s possible that extra pools will be created for Abominations in the future.
Again, the less in the pool the more the rewards for individual holders.
¤ Seeds pool
Seeds is SRB own Incubator project, a collection of 2000 unique artworks created through artificial intelligence.
Seeds staking:
Max supply 2,000 NFTs
0.5 $RARE per NFT per day
Daily max: 1,000 $RARE
The lower the number of stakers in the pool the higher the individual staking reward will be.
In the future it is entirely possible to alter the pools, add new elements and characteristics, the world and technological environment adapts and we need to be able to adapt with it.
¤ Additional pools
A wallet will be created for the purpose of creating additional pools. 5,500,000 $RARE will be allocated initially, with 10% of all $RARE from LKMEX swaps being added.
These can include partner NFTs, Booster projects, rarity and other traits within the SRB/ Abomination collection.
10. A backed ESDT Token
The idea is to back all issued $RARE tokens with LKMEX, this will mean that at anytime $RARE holders will be able to swap for LKMEX.
The LKMEX will be coming from the DEX rewards that we are currently sharing with all Bear holders.
SRB foundation will provide some initial liquidity before staking starts.
We are exploring 2 options on where to form pools, the first is a decentralized P2P such as JEX exchange, the second is a smart contract and a page on our new website. Further information will be posted on this subject as and when we have it.
11. Burn mechanism
When someone initiates a swap with their $RARE ESDT for LKMEX in our pools, we will burn 78% of the amount, 10% will be used for $RARE ESDT staking, 10% will be saved in a separate wallet for future additional pools and 2% will be added to DAO wallet.
12. $RARE staking
An initial allocation of 5,500,000 $RARE will be made available for ESDT staking.
As previously discussed, any $RARE that is left over from the MICE/BEAR pool and 10% of the LKMEX swap will be used to reward those that want to stake their $RARE tokens.
APR is impossible to gauge as it depends on many variables but will be shown when entering the pool.
13. DAO wallet
DAO wallet will not be fully functional until governance procedures are established. However, an initial amount of 40,084 $RARE and 2% of the $RARE to LKMEX swaps will be captured to be ready for when governance is in full force.
That concludes V2 of SRB RAREnomics for $RARE token, please keep in mind that things may be subject to change but we aim to keep things as close to the original outlay as possible.
We appreciate any constructive feedback so please feel free to join our channels or private message us.
Always bullish!