Ruthless Riches Tokenomics

Elevating the global cannabis conversation

What is RR28?

Token Name: Ruthless Riches

Token Ticker: $RR28

Contract Address: 0xcf59f30414AED9d4E4BF9E5af656C624c2c3E7aE

Decimals: 18

Chain: ERC-20

Token Allocation & Distribution

Proper Token distribution is critical to the long-term success of a project. The starting market cap, liquidity provisioning and pricing all force hard decisions on the Token distribution to the various stakeholders of the project.

There are two aspects that are important. Token allocation and Token distribution. That is, the proportions between all the stakeholders and how those tokens are given to them. To ensure $RR28 is an attractive opportunity to buy and hold the tokens, the allocation is:

• 40% Content Reward system

• 15% Fair launch sale

• 15% Eco system growth

• 15% liquidity (locked)

• 12.5 Core team (vested)

• 2.5% Advisor & marketing (vested)

Token Optionality

The fair launch is a huge milestone for Ruthless Riches. However once the tokens launched its back to doing the hard work to ensure the project can grow and scale to higher levels.

As such, the financial theory for the tokenomics behind Ruthless Riches is token optionality.

We measure token optionality by token utility. The team will work, to provide a large range of options that the token can be used. For example, to purchase cannabis content creators premium content with $RR28 or purchasing tickets to a paid workshop or webinar on cannabis education. Other examples include providing liquidity in serveral decentralised exchanges or placing tokens into a staking pool for yield.

Token optionality is assessed with a set of questions:

Where are all the places people can put the token and recieve value back?

By providing answers to them, what we are doing is increasing the velocity of money. If we can increase the range of goods and services that our token can be used for, we will increase the velocity, therefore increasing the price.