What is Robust Protocol (RBT) | What is Robust Protocol token | What is RBT token
In this article, we’ll discuss information about the Robust Protocol project and RBT token
Robust Token is an original concept token on the Binance Smart Chain with a limited supply of 100 000 RBT and a 1% burn per transaction that gets converted into Robust Reward (RBW). The Binance Smart Chain ecosystem is inundated with thousands of tokens with quadrillions in total supply and numerous zeros. In contrast, the RBT tokenomics is designed with an extremely limited supply, rigid deflationary mechanism, a loyalty reward system, and a solid roadmap of future developments.
Main Features
RBT is designed with an aggressive deflationary mechanism with the aim of growing the value of the token as the project matures.
Fixed Supply
At launch, a total supply of 100 000 RBT will be created with 50 000 deposited and locked into the Robust Token Reserve. After this, no more RBT can ever be created.
No Presale
40% of the total supply of RBT will be provided as liquidity on Pancakeswap and burned. While 50% will be time-locked in the RBT Reserve.
Deflationary
Every RBT transfer will incur a 1% fee that gets burned. Effectively, every transaction will contribute to the reduction of the total supply of RBT.
Loyalty Reward
Every time a RBT transaction occurs, 1% of the total amount of the transaction will deducted, burned, and converted into RBW.
Timelock
There is a 15-day timelock delay on both the RBT and Reserve smart contracts. RBW holders can vote to implement some changes.
Community Governed
RBT and all subsequent project will be community governed project. As shareholders, RBW holders will have voting rights.
ROBUST TOKEN (RBT)
RBT is an experimental fixed-supply token designed with an aggressive deflationary mechanism.
At launch, a total supply of 100 000 RBT will be minted. After this initial minting process, no more RBT can ever be created again.
However, every RBTtransaction will incur a 1% transaction fee. This fee will get deducted from each transaction, burned, and converted into Robust Reward (RBW).
Effectively, every transaction will contribute to the permanent reduction in the total supply of RBT.
RBT RESERVE
During the initial minting of 100 000 RBT, 50% or 50 000 RBT transferred to the 15-day time-locked RBT Reserve.
This reserve is the only source from which more RBT can be injected into circulation. In the event of a drastic reduction in the total supply due to extreme price movements and rapid burning, community members can vote to inject more RBT into circulation from the RBT Reserve. RBW holders will proportionally receive any distribution from the RBT Reserve.
ROBUST REWARD (RBW)
RBW can only be created by the RBTsmart contract. Every time a RBT transaction occurs, 1% of the total amount of the transaction will deducted, burned, and converted into RBW.
Example:
Transaction value: 1 000 RBT
Total burn: 10 RBT
Transaction Reward: 10 RBW
The recipient will receive 990 RBT and 10 RBW.
The total supply of RBT will permanently reduce by 10 RBT.
RBW Recipient
Please note that only the recipient of a RBT traction will receive the created RBW. When buying RBT from Pancakeswap, you are the de facto recipient of the transaction. As such, you will receive the appropriate amount of RBW after the 1% transaction fee is deducted and burned.
However, when selling your RBT on Pancakeswap, the RBTliquidity pool smart contract is the recipient of the transaction. Consequently, you will not receive any RBWafter the 1% transaction fee is deducted and burned.
RBW Utility
RBWwill represent the holder’s share in the Robust Protocol ecosystem. It will be used for the governance of the ecosystem and confer voting rights to the holder. RBW will also be the primary token for bootstrapping all future projects under the Robust Protocol ecosystem.
If or when the total supply of RBT goes below a threshold determined by the community, RBW holders can vote to unlock all or a portion of the 15-day time-locked 50 000 RBT from the Robust Token Reserve**.** Any amount of RBT that is unlocked, will be distributed to all RBW holders proportionally. The more RBW you have, the more RBT you stand to receive from such a distribution.
TOKEN DISTRIBUTION
Total Supply: 100 000 RBT
Ecosystem Fund: 5 000 RBT (Burned)
Marketing Fund: 5 000 RBT
Initial Liquidity (Burned): 40 000 RBT
RBT Reserve (Time-locked): 50 000
Ecosystem and Liquidity will be burned.
Marketing funds will be utilized for all marketing and project related expenses by the Robust Protocol team.
AUDIT
While a lot of work has been done by the Robust Protocol team to ensure the safety of the project, there has been no independent or formal audit of the smart contracts. Please do your own research and never invest more than you can afford to lose.
An independent and formal audit will be done as soon as funds become available for such an endeavor.
TIMELOCK
There is a 15-day time-lock delay on both the RBT and RBT Reserve smart contracts. RBW holders will be able to vote to implement the following changes:
1. RBT Transaction Fee: Currently 1% of the total RBT transaction value.
2. RBW Mint Rate: Currently 1% of the total RBT transaction value.
3. Reserve Withdrawal: After launch, 50 000 RBT will be locked in the Robust Token (RBT) Reserve. RBW holders can vote to decide whether more RBT should be released into circulation from the RBT Reserve.
MARKETING
This is always a major challenge to every new project. The Robust Protocol team will actively seek partnerships with other projects as the ecosystem matures. Rather than going for the pump and dump marketing approach, the Robust Protocol team will work towards a more sustainable system that derives value based on creating utility for projects in the Robust Protocol ecosystem.
5 000 RBT will be allocated to marketing and project related expenses. We encourage the community to reach out to us with effective marketing ideas and suggestions.
ROADMAP
The Robust Protocol team will be launching various project on the Binance Smart Chain before the end of Q4 2021. The following projects are in various stages of development and more announcements will be made as they become available:
Algorithmic Stablecoin with Lending
A hybrid part-collateralized algorithmic stablecoin based on various models currently in operation. This will have an inbuilt lending platform. This will be launched on the Binance Smart Chain.
Decentralized Exchange
A decentralized exchange and aggregator on the Binance Smart Chain.
Analytics and Tools
A platform that will include charts, price alerts, limit orders, transaction analysis and other trading tools for the Binance Smart Chain.
GOVERNANCE
Robust Protocol is a community governed project. Please feel free to engage with the team on all available social platforms. A snapshot page will be setup shortly after launch.
How and Where to Buy RBT token?
RBT token is now live on the Binance mainnet. The token address for RBT is 0x891e4554227385c5c740f9b483e935e3cbc29f01. Be cautious not to purchase any other token with a smart contract different from this one (as this can be easily faked). We strongly advise to be vigilant and stay safe throughout the launch. Don’t let the excitement get the best of you.
Just be sure you have enough BNB in your wallet to cover the transaction fees.
Join To Get BNB (Binance Coin)! ☞ CLICK HERE
You will have to first buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
We will use Binance Exchange here as it is one of the largest crypto exchanges that accept fiat deposits.
Once you finished the KYC process. You will be asked to add a payment method. Here you can either choose to provide a credit/debit card or use a bank transfer, and buy one of the major cryptocurrencies, usually either Bitcoin (BTC), Ethereum (ETH), Tether (USDT), Binance (BNB)…
Step by Step Guide : What is Binance | How to Create an account on Binance (Updated 2021)
Next step
You need a wallet address to Connect to Pancakeswap Decentralized Exchange, we use Metamask wallet
If you don’t have a Metamask wallet, read this article and follow the steps
☞What is Metamask wallet | How to Create a wallet and Use
Transfer $BNB to your new Metamask wallet from your existing wallet
Next step
Connect Metamask Wallet to Pancakeswap Decentralized Exchange and Buy, Swap RBT token
Contract: 0x891e4554227385c5c740f9b483e935e3cbc29f01
Read more: What is Pancakeswap | Beginner’s Guide on How to Use Pancakeswap
The top exchange for trading in RBT token is currently Pancakeswap v2
Find more information RBT
☞ Website ☞ Social Channel ☞ Social Channel 2 ☞ Social Channel 3 ☞ Documentation ☞ Coinmarketcap
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