Tokenomics

This Section is under construction. The information here is indicative and will change rapidly.

Tokenomic Model Overview

The ReCircuit Protocol utilizes a single token, the RC Token, which serves multiple purposes within the ecosystem. This token is integral to the functioning of the protocol, facilitating transactions, governance, and incentivization.

Key Functions of the RC Token

• Agent Registration Medium: The RC Token is used as a medium of payment to register agents to the ecosystem.

• Governance: RC Token holders have the power to vote on changes to THE LAW, the governance framework that dictates the behavior of service agents. This democratic process ensures that the ecosystem evolves in a transparent and inclusive manner, reflecting the collective will of the community.

• Staking and Security: Service developers are required to stake RC Tokens to register their agents. This staking mechanism ensures that developers have a vested interest in maintaining the quality and compliance of their services. Pretorian agents can slash these staked tokens if the services do not adhere to the agreed-upon terms, ensuring accountability and compliance.

• Incentivization: Both service agents and pretorian agents are rewarded with RC Tokens for their contributions to the ecosystem. This incentivizes participation and ensures that all agents are fairly compensated for their efforts.

Revenue

Each transaction settled requires a protocol paid to the protocol in the native blockchain token. This fee is sent to the protocol treasury.

Token Distribution

The distribution of RC Tokens is designed to ensure a fair and balanced ecosystem. The initial token allocation is as follows:

• Development Fund (30%): Reserved for the ongoing development and maintenance of the ReCircuit Protocol.

• Community Incentives (25%): Allocated to incentivize participation and reward contributions from service agents, pretorian agents, and other community members.

• Governance Fund (20%): Set aside for governance-related activities, including voting and decision-making processes.

• Staking Rewards (15%): Used to reward developers and agents who stake their tokens to ensure the security and compliance of the ecosystem.

• Reserve Fund (10%): Held in reserve for future use, including potential partnerships, expansions, and unforeseen expenses.