Token Mechanics
How RAIR tokens work
Last updated
How RAIR tokens work
Last updated
This is the official RAIR token ERC20 0x address. Please double check this matches your records https://basescan.org/token/0x2b0fFbF00388f9078d5512256c43B983BB805eF8
To keep the tokenomics simple and straightforward, the RAIR token is designed with only 2 primary functionalities.
Burn model: Burning RAIR tokens for a commercial license NFT tied to the onchain revenue each dApp generates. Burn model is the same as the Epic Games unreal engine model. 5% of revenue above first 1mm generated by each dApp.
Reward model: Performing onchain activities (Deploying and updating RAIR smart contracts) requires RAIR. Incentive system rewards early adoption and compensates open source development via a points earning model that will convert to fungibles post TGE.
While our token licensing system can be forked and bypassed, choosing to pay the RAIR tokens funds open source development, and ensures the officially verified smart smarts are used.
Only wallets with valid license NFTs can collect rewards, and submit pull requests to the open repo.
Projects bypassing the token code are in violation of the terms of use of the open source licensing agreement.
