Welcome to the Revnet Blog
⏩ Revnets are a new way to fairly launch a token and treasury for any kind of project on Ethereum. ⏩ revnets are the future
What is a Revnet?
Revnets let anybody fairly launch a token for their company, project, or community, which is backed by a shared treasury.
Instead of using a fixed token supply, Revnets let anyone pay the treasury to make new tokens – but it gets more expensive to make tokens over time, pushing more demand to the market. Token holders can also redeem their tokens to get funds back from the treasury, but earlier redeemers get less, rewarding those who hold their tokens longer.
The price to make new tokens is a "price ceiling" – if the market price goes above it, people will pay the treasury, make new tokens, and sell those back to the market, stabilizing the price. Redeeming tokens is a "price floor" – if the market price goes below it, people will redeem their tokens, get funds back, and buy more tokens back, stabilizing the price. This makes the token price stable and predictable, helping people support the Revnet more confidently.
A Revnet can also set aside some tokens for a group of developers, a community stockpile, and/or anything else. Since new tokens are made continuously, it sets them aside continuously – if 20% is being reserved for a core team, then that team gets 20 tokens for every 100 tokens made.
All of these rules are set up ahead of time and can't be changed, meaning everybody knows what they're getting into before they buy into the treasury. A Revnet token can be used for governance, private chat rooms, in-app purchases, or anything else – all a Revnet does is provide a transparent, stable, and fair financial foundation to build a product, community, or organization on top of.
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