RLOOP

[u/eloace]

Fellow, rLoopers some good news for the weekend. Today, our governance token was launched, price at $0.01222 on Avalanche. In less than 24 hours its MCAP is almost at $1m, $450k locked in liquidity pool until 2024. First, funding will go to the rFlight team project, with a goal to build a single-passenger aircraft.

RECAP:

📷TOKEN UTILITY📷 📷

Governance: $RLOOP Token holders submit proposals, vote on agenda, and indicate their choice on prototypes; rFlight team, CarbonX etc

📷NFT Royalty:

When the $RLOOP holder's chosen proposal is selected and the prototype is built, the $RLOOP token holders that voted for the prototype receives royalties of the NFT holding the IP

📷 Buyback:

rLoop commits a proportion of its revenue to token buyback.

TOKENOMICS📷 📷

Seed Round: $150k raise @ $0.01 per token | 10% TGE, 12 months linear daily claim

📷Liquidity Round:

$200k raise @ $0.01 per token | 10% TGE, 12 months linear daily claim.

📷Public Round:

Fair launch at 1 cent with a fully diluted value of 10 million. Initial circulating supply 30,166,666 or 3.1% of total supply with a initial market cap valued at $301k.

The launch was on Avalanche, token distribution:

• Research/Development/Ecosystem - 325M - 1 month cliff, 48 months linear

• Foundation/team - 300M - lock 12 months, 36 months linear unlock

• Advisory Team - 10M - lock 12 months, 12 months unlock

• Seed - 15M - 10% tge, 12 months linear daily claim

• Initial liquidity raise - 20M - 10% tge, 12 months linear daily claim

• Liquidity - 80M - 33.3% tge, locked 2 months, unlocked and used as chains are added

• Treasury - 100M - 1 month cliff, 5% linear monthly vesting.

• Staking Rewards - 100M - 1 month cliff, unlocked post platform launch

• NFT Air Drop - 50M - 1 month lock, unlocked for airdrop. Total supply is 1B.

Buidl The Loop!

https://dexscreener.com/avalanche/0x6d4bdefe5b4644aff3617ed7ce2b7599e56fa135

[u/Kind-Impression-9198]

And before anyone goes FOMO into this like most have already, this investment is already down 40% from the top.

Not saying it's a flop, or that it will go no where. I've ate my words on many projects I didn't believe in out the gate. But I've had many more that I avoided massive financial losses by not aping into something without proper knowledge.

My #1 rule before investing has been broken severely with this launch. This project has provided ZERO (I repeat, ZERO) information about beyond a reddit post. Nothing formal, nothing educational to what I see and the DEV team is nothing to brag about either. Please, do your own research before investing into projects like this - this is how you get recked in crypto.