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docs/website/pages/blog/rooch-network-tokenomics.zh-CN.mdx
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title: 'Rooch Network Tokenomics - $ROOCH' | ||
description: '' | ||
author: haichao | ||
category: News | ||
date: 2025/01/22 | ||
image: '/blog/rooch-tokenomics/img1.png' | ||
--- | ||
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import PostHeader from "/components/blog/postHeader"; | ||
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<PostHeader /> | ||
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![](/blog/rooch-tokenomics/img1.png) | ||
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Rooch Network aims to enable seamless integration between two strong and rapidly growing communities: Move and Bitcoin. Powered by Rooch’s innovative tech stack, developers can, for the first time, build on Bitcoin using the advanced Move language, while users can enjoy secure and effortless Bitcoin DApps. | ||
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As a permissionless and decentralized protocol, Rooch Network relies on a crypto token-based economic system to maintain its functionality and operations, as well as to strengthen its community and ecosystem. | ||
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In this post, we're excited to introduce the tokenomics of Rooch Network and the official $ROOCH token. | ||
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## $ROOCH Token | ||
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Here is the basic information of the $ROOCH token: | ||
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- Ticker: ROOCH | ||
- Total Supply: 10,000,000,000 | ||
- Decimal: 12 | ||
- Token Format: Rooch Native Coin | ||
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$ROOCH token serves an important role in the Rooch ecosystem. Its predefined function include: | ||
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- **Store of Value:** The $ROOCH token works seamlessly with $RGAS, the gas fee token of the Rooch Network. Users can deposit $ROOCH to borrow $RGAS. Additionally, 40% of all $RGAS consumed by the network will be used to repurchase and burn $ROOCH, enhancing its value. | ||
- **Governance:** $ROOCH serves as the primary governance token within the Rooch ecosystem, empowering token holders to participate in key decision-making processes. | ||
- **Network Security:** $ROOCH tokens are required as deposits for Rooch node operators to join and help secure the network. | ||
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## $ROOCH Distribution | ||
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![](/blog/rooch-tokenomics/img2.png) | ||
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### Community | ||
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20% - 2,000,000,000 $ROOCH | ||
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Rooch Network will allocate 20% of total token supply to support all angles of community activities. | ||
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- **Grow Bitcoin Campaign:** | ||
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4.2% of the total $ROOCH supply is allocated as incentives for this campaign, which aims to accelerate the growth of the broader Bitcoin community. Upon the Token Generation Event (TGE), these tokens will be distributed to users based on the BitXP system. Post-TGE, additional tokens will be mined and rewarded to users continuously. | ||
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- **On-Chain Incentives:** | ||
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5.8% of the total $ROOCH supply is designated for rewarding community users based on their on-chain activities, such as participating in the Invitation Program and interacting with DApps. | ||
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- **Initial Developer Support:** | ||
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5% of the total $ROOCH supply is reserved to reimburse developers for on-chain costs. Smart contract developers will receive gas fee rewards based on user interactions with their deployed contracts. | ||
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- **Initial Liquidity Support:** | ||
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5% of the total $ROOCH supply is allocated to reward liquidity providers on on-chain decentralized exchanges (DEXs). | ||
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### Ecosystem | ||
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40% - 4,000,000,000 $ROOCH | ||
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Rooch Network will allocate 40% of the total token supply to foster the growth and development of the Rooch ecosystem. The breakdown is as follows: | ||
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- **Ecosystem Grants (20%):** | ||
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This allocation supports various ecosystem projects and activities, including essential infrastructure development, flagship applications, and both online and offline community events. | ||
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- **Node Operators (20%):** | ||
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Dedicated to rewarding and compensating node validators and finality providers, this allocation helps ensure the smooth operation and maintenance of the Rooch network. | ||
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### Team | ||
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40% - 4,000,000,000 $ROOCH | ||
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The Rooch team will reserve 40% of the total token supply to ensure the sustainable development of the Rooch protocol and ecosystem. The allocation details are as follows: | ||
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- **Early Backers (17%):** | ||
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This portion is allocated to Rooch backers and will be released gradually over a period of 36 to 48 months. | ||
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- **Core Contributors (23%):** | ||
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This allocation is reserved for the core Rooch protocol team members and will be released over a period of 48 to 60 months. | ||
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## Release Schedule | ||
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![](/blog/rooch-tokenomics/img3.png) | ||
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In terms of the token release, all $ROOCH tokens will be under the custody by smart contracts and be released on monthly basis. | ||
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- Team tokens are locked in the first 6 months after TGE and will be gradually unlocked to early backers and core contributors at individual speed. | ||
- Ecosystem tokens has a 3% of total token supply unlocked at the TGE, and the rest are linearly unlocked and put into use after TGE. | ||
- Community tokens are all distributed to the community members via different campaigns and programs. Its release depends on the participation of the community. The Rooch Network team will design the initial programs for releasing the tokens from the smart contract but, as the ecosystem grow, a decentralized governance based mechanism will eventually take over this function and make the decision on the community token release. | ||
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### Token Release | ||
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In terms of token release, all $ROOCH tokens will be held in custody by smart contracts and released on a monthly basis. | ||
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- **Team Tokens:** | ||
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These tokens will be locked for the first six months after the Token Generation Event (TGE) and will then be gradually unlocked for early backers and core contributors at varying speeds. | ||
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- **Ecosystem Tokens:** | ||
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At the TGE, 3% of the total token supply will be unlocked, with the remainder linearly unlocked and put into use thereafter. | ||
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- **Community Tokens:** | ||
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These tokens will be distributed to community members through various campaigns and programs. The release schedule depends on community participation. Initially, the Rooch Network team will design programs to release tokens from the smart contract. However, as the ecosystem grows, a decentralized governance mechanism will take over this function, determining the release of community tokens. | ||
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## Closing Thoughts | ||
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The $ROOCH token is the cornerstone of the Rooch Network, fueling its ecosystem, empowering its community, and ensuring sustainable growth. By leveraging a transparent and decentralized token release mechanism, Rooch Network prioritizes the long-term health of its protocol and ecosystem. Whether you are a developer, user, or contributor, $ROOCH offers an opportunity to actively participate in shaping the future of the Bitcoin ecosystem. | ||
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As the journey unfolds, Rooch Network remains committed to innovation, collaboration, and empowering the next generation of decentralized applications. Stay tuned for more updates and join us in building a brighter future for the Bitcoin community! | ||
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## Disclaimer | ||
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THIS IS FOR INFORMATIONAL PURPOSES ONLY AND NOT AN OFFERING TO SELL, THE SOLICITATION OF AN OFFER TO PURCHASE, OR AN ENCOURAGEMENT TO OFFER TOKENS. YOU SHOULD NOT RELY ON THE CONTENT HEREIN FOR ADVICE OF ANY KIND, INCLUDING LEGAL, INVESTMENT, FINANCIAL, TAX, OR OTHER PROFESSIONAL ADVICE, AND SUCH CONTENT IS NOT A SUBSTITUTE FOR ADVICE FROM A QUALIFIED PROFESSIONAL OR YOUR OWN RESEARCH. THIS DOCUMENT CONTAINS HYPOTHETICAL, FORWARD-LOOKING, AND/OR PROJECTED FIGURES, WHICH ARE APPROXIMATE, NOT GUARANTEED AND ARE SUBJECT TO CHANGE; ACTUAL NUMBERS MAY VARY. MOVEMENT NETWORK FOUNDATION AND ITS SUBSIDIARIES MAKE NO REPRESENTATION OR WARRANTY, EXPRESS OR IMPLIED, AS TO THE COMPLETENESS, RELIABILITY, VALIDITY, OR ACCURACY OF THIS INFORMATION. ANY INFORMATION CONTAINED HEREIN IS SUBJECT TO CHANGE WITHOUT NOTICE. |