RUST Token Info
Last updated
Last updated
$RUST (Royalty Utility Support Token) is an omni-chain fungible token (OFT) on the IOTA/Shimmer EVM networks and is the utility token of the Rusty Robot Country Club and Coda Exchange, and an integral part of the RRCC ecosystem.
After the main collection NFT sale every activity or opportunity in the ecosystem can be engaged with using $RUST, making it the centre piece of the RRCC economy.
There was no ICO, no private sale, no buy-ins from investors. This is a community token.
After the fair launch of the token on ShimmerSea Dex, $RUST staking, liquidity pools, and farming opportunities also began. This allows any $RUST holder to engage in passive earning as the token is vested over the coming years. NFT holders also have more opportunities with special access staking pools that allow even better reward opportunities — including a 10x emissions pool for OG NFT holders.
The token distribution is solely focused on the community and NFT holders, with the Tokenomics designed to support as fair and engaging opportunity for everyone who is a part of the RRCC.
The breakdown is as follows:
45% — Staking rewards vested over 36 months
17% — Airdrops for NFT holders vested over 20 months
16% — Liquidity & Community rewards vested over 24 months
13% — Eco-System & Project Fund vested over 24 months
5% — Partners & Early Adopter vested over 24 months
4% — Team and contributors vested over 18 months
$RUST provides access and utility across every aspect of the RRCC eco-system and will be used for every interaction within the community.
This means that everything from comics, music, royalty systems, community rewards, merch, de-fi tools, and everything in between, are only possible to participate in if you have $RUST token.
$RUST will allow holders the opportunity to engage with every aspect of the creative side of the RRCC allowing access to a novel comic book experience that support NFT comic collectibles, and real world physical graphic novels. A new and engaging experience has been developed with our partners at Cromy, to provide incentivised comic book collection, along with some insane real-world collectibles and phygital (NFT Linked) items also — only available with $RUST and RRCC NFTs.
A never-before-seen web 3.0 music experience is coming soon that will support community members with exclusive access to NFT releases featuring music tracks, videos, exclusive content, and more for RRCC artists and upcoming independent artists alike. With $RUST NFT holders gain exclusive entry into these artists careers and can also support holders with rewards for royalties (more about this in a full post coming soon).
Music is linked to rights and royalties are distributed to rights holders on a bi-annual or quarterly basis. The RRCC has building an innovative eco-system that can support royalty rights token linked royalty rights that allow community members to hold and be rewarded for holding NFTs that support their favourite artists. Access to the exchange and sales will only be through $RUST token.
On top of the exciting creative aspects of the token, the RRCC has been established predominantly as a community for creators. An inclusive space where anyone can come and kickstart their vision through engaging with NFT and $RUST holders. One of the features we will be launching is a Creator Launchpad specifically geared towards music artists and comic book creators. This will allow independent artists the opportunity to share their creative visions with the community and the community to choose who we invest in and support with production, release distribution, and merchandising. All with $RUST and NFT holders gaining rewards for their involvement in the process.
Having the token will also allow us to help the community with secure and trusted de-fi tooling that will be mainly free to use for NFT holders and require a small $RUST fee from non-community members. Be it simple swaps or escrow, auctions, or other tools, we have a lot on the way that will expand the RRCC website into something not only for the community but for the entire Shimmer EVM space.
As $RUST is a decentralised token it also allows countless other projects to integrate the token into their platforms, bringing value to holders and the projects who support the token as well. Whether it's a Dex or NFT marketplace, a gaming site or launchpad, projects will integrate a strong token with a large community behind it to engage in their platforms.
These are just a few of the starting points within the $RUST ecosystem. As we progress with the expansion of the project over the course of the next year or two, we can expect to see the emergence of more DAO focused governance and discussion, community ecosystem proposals, funding, partnerships, new features, tools, releases, and a whole lot more.
In short, the release of $RUST is not the release of “just another meme coin” but the foundations and beginnings of an entire multi-media and creator community economy on Shimmer.
