Rabet, a mutual non-custodial wallet developed for DeFi Apps and DApps on the network of Stellar, is constructing an ecosystem (which would be community governed) via RBT (its governance token). A recent trend includes on-chain governance pursuing the consumers that are more inclined towards the project of cryptocurrency.
The investors would be guided by on-chain governance regarding the protocols for operating according to their design. Additionally, the protocols are assisted by on-chain governance to run through a neutral method without the involvement of any party or favors. This process includes the consumers, validators, as well as developers. Rabet has developed a governance token of its own to conjoin with the DAO capabilities existing in the network of Stellar.
Constructing on the Rabet’s governance token
Having been launched in the early phase of this year, the respective wallet targets to provide ease to the consumers in their interaction with the network of Stellar. In recent times, Rabet determined to mint the local token thereof that provides the community with the capability to determine the project’s future developments.
The $RBT token counts to be a governance token based on the Stellar network and developed for the community of Rabet (which was constructed with the aim that the consumers will conveniently interact with the network of stellar). Rabet incorporates several open-source wallets for convenient communication with Stellar. The respective token contains a cumulative supply of nearly 100M tokens. Following the launch thereof, the aim of the token has considerably been around the expansion of the ecosystem via bringing additional consumers.
Incentives for the community
Up till now, nearly a half of the cumulative supply thereof has in advance been specified for rewards to be given to the community while 10% has been allocated for the crew, 10% for open sale, 10% to be spent on marketing, and the remaining 20% for presale. Apart from governance, there are a lot of other utilizations of $RBT such as holder reward, pool reward, and bug report reward. The bug report reward is developed to provide benefit to the community in return for the assistance they provide for the process of development.
The incentive project utilizes 10% out of the bounty system to reward the customers according to the severity of the problem. Most importantly, the community participants need to make the requests thereof on Github. Other than that, the respective token will be capable of distributing 10% out of almost 10,000,000 RBT on monthly basis among the consumers according to the tokens in their wallets.