R-Planet - RDAO Token Auctions Launch + DeFi Farming!

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It's here! Guys, it's here! Finally! I've been writing about the blockchain game R-Planet since I came back to Hive around 6 months ago. The 2 most recent posts I've done have been in regard to major changes coming and the launch of the R-Planet DAO. The just recently airdropped 4000 of the most active players some RDAO tokens for the governance launch. Today, we got another insane update. This might be lengthy so strap in.

AETHER Claim Limits

So first off - I'll quickly touch on the newly introduced AETHER claim limits. If you've read any of my R-Planet posts or have played the game, you know that up until December 31st, 2021 you were able to stake NFTs from a ton of different collections including their own to mine AETHER. AETHER is one of the tokens of the R-Planet ecosystem that has been surrounded with a lot of controversy because of the insane price drop. The token was inflated into oblivion and farmed so hard that it went down like 100% from its' all time high. A lot of people have given up on the game and a lot of people still call it a scam. I, however, still believe in the game because it was never about farming the token to sell for me. Even though I was able to bank a good amount of WAX during that second spike there, I was always more interested in the actual game.

The R-Planet team has been aware of AETHER's inflation issues for quite some time and have been devising a plan to help with it. There also has not been a ton of use-case for AETHER up until now, so combine that with millions being farmed per hour... and you get a token with little to no actual real-world value. Again, price isn't really what matters, but I just have to use that example so people that may not be familiar can get an idea of what is happening. As of today, there are some new mechanics in regard to AETHER. Every player now has a base claim limit of 10,000 AETHER. This means that whatever amount of AETHER you have accumulated from mining will be subject to that limit and the difference is burned. In order to claim more AETHER, you're able to spend AETHER to increase your claim limit. For example, my current rigs mine roughly 16,000 AETHER per hour. That's about 384,000 AETHER per day so if I want to claim my full amount each day, I'm gunna be spending about 415,000 AETHER.

What's interesting and sort of gamifies things is that once you pay to get your claim limit increased, it is not static. It starts decreasing by 1% per hour until it eventually resets to 10,000 AETHER unless you keep spending AETHER. We're going to be fighting a constant battle between how many tokens can be claimed and spending enough tokens to keep the claim limit at a high level. I hope that made sense.

They don't specifically say this, but I hope all this AETHER that we're going to be spending to claim our mined AETHER is burned. That would be super bullish news for the price of the token. That would be a TON of the tokens burned every day.

They even give the formula to calculate how long your claim limit increase will last but I hate math so.. I'm just gunna play with it and see what happens.

R-Planet Governance

The major updates here come in with R-Planet governance. It consists of 3 components including the Staking Hub, RDAO Auctions, and Metafarming. It's a lot of information so I'll try and simplify where I can. My mind is all over the place lately so bare with me here.

RDAO Auctions are the second phase of governance tokens distribution. The first was the airdrop that happened not too long ago, mentioned above. The Auctions are every day for 150 days are 10,000 RDAO tokens per day. This is split into 2 pools so you have 2 different payment methods to acquire RDAO tokens. Those are AETHER and APH (the newest token in the ecosystem). There's a lot of tokens that make up R-Planet.

APH (AETHER per hour) is the newest token that is only going to be used during the RDAO auction period. The only way to acquire APH tokens is by burning element and rig NFTs. Whatever the mining rate of that rig or element will be the amount of APH you receive. This adds a little bit of gamification because you're going to have the opportunity to choose whether to buy with AETHER or burn some NFTs. The RDAO for each period is distributed to all participants proportional to their share of the pool. If you put in 1% of the total AETHER pool, you will get 1% of the RDAO tokens for that period.

Staking

The above image is the new Staking Hub which is where you can manage your staked NFTs and vote for different NFT projects. I've written about it in the past, the staking system is being revamped. Currently the only NFTs you can stake to mine AETHER are R-Planet rigs and elements. The other 21 collections that will be eligible for staking will be determined by our votes by staking AETHER to the project. This will also determine how much AETHER each collection gets based on their rank in the top 21. Yet another use-case for AETHER being implemented here.

Another great thing for the price of AETHER is the reduction of the total supply. Initially there was a hard cap of 10 trillion tokens, and it's being reduced by a huge percentage to 1.5 trillion. With a reduction in the total supply of AETHER, they also need to adjust the amount of AETHER that's mined. This means that our precious R-Planet element NFTs are technically being nerfed. When you factor in the giant supply reduction, it really balances out though. I haven't done the math on that but it seems right.

I guess the good thing is that we can still swap our elements for the APH equivalent before this change is implemented. I can't even begin to imagine the amount of hate this is going to generate toward the team. I think it's a necessary change though if we want AETHER to be worth anything at all.

Metafarming

Last be most definitely not least is the introduction of metafarming. This is where the DeFi aspect comes in. In the new Metafarming tab, players can now stake LP tokens from the pairs AETHER/WAX and RDAO/WAX on Defibox. By staking these LP tokens, you can earn RDAO tokens. There is also a solo RDAO staking pool where you can stake RDAO and earn WAX. I love solo staking pools because you don't have to deal with impermanent loss.

Call me crazy but I think the RDAO token has huge potential. This whole new system is so focused on driving value to both the RDAO token and the AETHER token. They want to "return the value" to investors and early supporters. This is definitely one way to do that. Albeit a little complicated. There's also a huge benefit of getting your hands on more RDAO tokens. That's the fact that 75% of all profits from the R-Planet game is going to be distributed to RDAO holders daily. This is in addition to having a vote in the future direction of the game. I absolutely cannot wait for the R-Planet Conquest game launch. These changes could breathe new life into the ecosystem and drive a lot of potential new players to the upcoming release of the game. Sorry for the extra lengthy post. There was just a lot of information. I even condensed it. I encourage you to check out all the updates I linked above for even more details. What's your plan for your element NFTs? Will you HODL or will you swap for APH? Lemme know.