We believe in a better online ecosystem for all — one where creators are rewarded fairly for their contributions. If you share our values of transparency and just rewards for content creators, show your support by joining our community on Telegram and participating in our bounty campaign.
Creator’s Dilemma: Value Distribution Gap
RAE TOKEN BOUNTY CAMPAIGN FAQ
Why should I participate?
By participating in the RAE bounty campaign, you are showing that you believe in paying creators what they are worth.
RAE Tokens are necessary for the core functioning of the RAE Ecosystem.
Anyone wanting access to RAE Ecosystem content now — or in the future — must burn RAE to transmit the value of each subscription to the network. You may also buy/sell them on exchanges currently listing the token.
When is the campaign?
The RAE Token community bounty program will last from July 15, 2019 until September 15, 2019.
How many tokens are available?
We are giving away 25,000 RAE Tokens (over 3% of total supply).
-Twitter: 10,000 RAE
-Telegram: 10,000 RAE
-Reddit: 5,000 RAE
When will tokens be distributed?
The bounty campaign ends on September 15, 2019. You will receive your coins two weeks after the campaign has finished, based on the stakes and/or coins you’ve won.
How do I get started?
Join our Telegram and pose a thoughtful question or comment about RAE
RAE TOKEN QUICK FACTS
What are RAE Tokens?
Receive Access Ecosystem (RAE) Tokens are utility tokens based on Ethereum’s technology and follow the ERC-20 token standard — the most popular token type. The Token is a utility token and not a security. Holding Tokens grants no rights or responsibilities common with traditional securities. Read our introduction to the RAE Token.
Who uses RAE Tokens?
Current digital platforms that utilize the RAE Token include Rokfin, a creator-first subscription media company and the world’s only digital platform that rewards content creators for the full value they generate. Rokfin utilizes RAE Tokens to facilitate value transfers between creators, consumers, and platforms in a more transparent and fair digital landscape.
Are RAE Tokens Transferable?
Yes. You can buy and sell RAE Tokens on the Mercatox exchange.
What is the Distribution of RAE Tokens?
There will be 34 million RAE Tokens minted ever. The amount of RAE Tokens will never reach 34 million because of the need for Rokfin and other digital platforms to burn Tokens for access to the Ecosystem’s content.
The time to mint new RAE Tokens is calculated using an average timing of previous minting periods, targeting once per day. Initially, each minting period creates and distributes 10,000 RAE Tokens. The number of newly minted RAE Tokens per period is halved every 1,700 periods (~4 1/2 years.) For example, in about five years, each minting period will create and distribute 5,000 RAE Tokens.
Is RAE Doing an ICO?
RAE is not running an ICO. The goal for this bounty campaign is to generate interest in the RAE ecosystem and encourage use of the RAE tokens within the network. The purpose is not to raise funding. In fact, we believe ICOs are inherently flawed funding vehicles that misalign incentives to devalue the very cryptocurrency at the heart of the ICO.
How are RAE Tokens used?
RAE Tokens are used to facilitate value transfers between creators, consumers, and platforms in a more transparent and fair digital landscape.
Who is behind RAE?
The team behind Rokfin, the first platform to be built on the RAE network, is behind RAE. However, the RAE ecosystem is intended to be completely decentralized, and so the founding team will be stepping back once development is completed.
If you have any questions, please reach out to one of our designated Telegram admins: @ScottAugustine
Information about the team who developed the RAE Ecosystem and Rokfin: https://www.about.rokfin.com/meet-the-team
Where can I learn more about RAE?
-Website
-Whitepaper
-Telegram
-Twitter
-Facebook
-Reddit