Rug Radio
Search
⌃K

Tokenomics

Breaking down the tokenomics structure of our NFTs and tokens.
Token
Type
Contract Link
Max Supply
Membership Pass
ERC-721M
20,000
Genesis NFT
ERC-721M
20,000
$RUG Token
ERC-20
255,000,000
$RDAO Token
ERC-20
170,000

Membership Pass

  • Originally acted as a mint pass that allowed for early access (famlist) to mint the genesis NFTs; This pass now acts the key to ecosystem at a more accessible price point.
  • Holding a membership pass allows you to participate in our Rewards Program where you can earn $RUG by engaging on Twitter, completing bounties, and participating in listen-to-earn.

Genesis NFT

  • Genesis NFTs passively earn $RUG daily, ranging from 5 - 11 $RUG per day (no staking needed)
  • Accumulated $RUG tokens can be viewed or claimed on the Syndicate claim site​
  • Holding a Genesis NFT also allows you to participate in our Rewards Program.

$RUG Token

  • Utility token of the Rug Radio ecosystem
  • The total supply of 255 million $RUG is slowly released on a 5 year time frame
  • $RUG can be earned by holding Genesis NFTs, participating in the Rewards Program, and listening to shows.
  • $RUG can be used to convert to $RDAO, mint the Cory Van Lew PFP, and in the Rug Store (coming soon)

$RDAO Token

  • Governance token that represents your voting power within the DAO
  • $RUG can be converted to $RDAO on the Syndicate claim site​
  • $RUG that is converted into $RDAO is not burned, but is instead transferred to the RugBank for redistribution
  • The exchange rate is 1800 $RUG = 1 $RDAO
Note: Currently, it is not possible to swap $RDAO back to $RUG, but we're looking into the best way to implement it.

ERC-721M

  • ERC-721M is a new standard developed by SyndicateDAO, our smart contract partner, with a modular design that includes features such as
    • Customizable mint, burn & transfer plug-ins
    • Customizable, evolvable metadata & renderers for on-chain identities, roles, reputation, and more
    • Gas-optimized bulk mint, distribution & onboarding capabilities
  • The power of using this smart contract standard means that our NFTs can easily evolve as our community grows and changes.