> For the complete documentation index, see [llms.txt](https://whitepaper.riftofmagic.com/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://whitepaper.riftofmagic.com/tokenomics/rift-crystal.md).
# Rift Crystal
### 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.