💲Rift Crystal

We want to bring a governance token to the Rifters. A chance for everyone to get involved and shape its world and its economy.

What is Rift Crystal?

Rift Crystal($RCY) is the token that supports the Riftverse economy. The total supply is $1,000,000,000 ($1 billion) RCY.

Rift Crystal will be airdropped first to the Genesis holders and/or by staking Rift Minions.

Then, once the games are released, Rifters can earn RCY through in-game events, or purchased or traded through decentralized exchange.

Utility

Rift Crystal is first used by the Rifters as a Governance Token, where $1 RCY is acknowledged as one vote.

Then, with the arrival of the Rift Marketplace, Rifters will use it to buy the most useful in-game items and unique NFTs to expand their in-game experience and perform specific in-game actions depending on the game they're in.

Rifters can also use their rift crystals to trade services with each other or create missions with rewards

Burning

The Crystal Rift will be a deflationary token with a maximum supply of $1,000,000,000 RCY. However, there will be burn mechanisms built into the RiftVerse to ensure the health, value and stability of the currency.

Transactions in the Riftverse

All transactions made by players in the RiftVerse in Rift Crystal will be subject to a 20% fee in RCY.

• 18% will be redistributed to the RiftVerse treasury

• 2% will be burned

Genesis NFT Mint Event

Each new Genesis mint session will burn up to 20% of the amount spent in the session.

Royalties

The equivalent of 20% of the secondary market royalties will be burned in RCY once a month until the last genesis season is released.

Other mechanics to come, depending on the governance of the community.