Tokenomics
Last updated
Last updated
A new cryptocurrency, $RIBS, is being introduced. Here’s what you need to know about $RIBS:
The total supply cap for $RIBS is 3 billion.
When 2.4 billion $RIBS have been distributed through staking, the staking "faucet" will be turned off. The remaining 600 million $RIBS will be reserved for potential uses such as airdrops, burns, or adding liquidity.
$RIBS will launch following the completion of the Gen 0 mint.
The liquidity pool will be paired with $ETH (ETH/RIBS ratio), allowing for trading on #### once the contract address (CA) is published.
The initial price of $RIBS at launch will be ####.
$RIBS can be staked for spices, securely without the risk of theft by BOBs.
A 10% tax is levied on secondary market sales, with 33% of the tax revenue being used to purchase and burn $RIBS, supporting the currency’s value.
