What Is Rijent Coin (RTC)?

What Is Rijent Coin (RTC)? Complete Guide Review About Rijent Coin.

What Is Rijent Coin (RTC)?

Floor Indexes are the first NFT financial primitive to offer passive income opportunities on exposure to NFTs. With Floor Indexes, you can use Floor Index tokens to provide liquidity to the token trading pool and in some pools, earning farming rewards. The DAO contract is an address guarded by a simple gnosis-safe implementation. The DAO address holds all the DAO funds accumulated over time.

Rijent Coin For instance the DAO receives ICE from every bond sold by the protocol. The DAO address also holds funds from strategic investments. Below are listed DAO addresses by version, where the latest version represents the currently active address. If you want to buy ICE on Trader Joe Swap or any other DEX please make sure the token address of the token you purchase matches the one shown above.

Never buy any ICE token which address you cannot verify yourself. Further, knowing the ICE token address you can see the list of holders and available exchanges providing liquidity for ICE on Snow Trace. Below are listed ICE contracts by version, where the latest version represents the currently active contract.

Rijent Coin Storage Key Points

Coin BasicInformation
Coin NameRijent Coin
Short NameRTC
Circulating SupplyN/A
Total Supply1,000,000,000
Source CodeClick Here To View Source Code
ExplorersClick Here To View Explorers
Twitter PageClick Here To Visit Twitter Group
WhitepaperClick Here To View
Support24/7
Official Project WebsiteClick Here To Visit Project Website

Liquidity Pools

All Floor Indexes have an Liquidity Provision pool. Providing liquidity” refers to the act of adding liquidity for both sides of a trading pair to a pool to enable others to trade between the pair using the AMM. When you add to a pool you receive Liquidity Provider tokens (LP tokens). For example, if a user deposits $DGNZ (Boryoku Dragonz Floor Index) and $SOL into a pool, he receives DGNZ-SOL LP tokens.

These tokens represent a proportional share of the pooled assets, allowing a user to reclaim their funds at any point. Every time a user swaps between $DGNZ and $SOL, a 0.25% fee is taken on the trade. 0.22% of that trade goes back to the LP pool (rewarding the liquidity providers) and 0.03% of that goes to support Raydium’s infrastructure.

Farms

Some pools have farms set up which provide additional rewards for being a liquidity provider. Collections may set up a farm for their Floor Index to further incentivize early liquidity providers.To earn farming rewards, the pool must have an active farm set up. Farming rewards can be in any token (i.e. $SOL, $BOKU) and can be distributed in many different ways. For example, a farm can distribute $1,000 in BOKU to all LPs proportionally over one week.

Additionally, a farm can distribute $500 in Rijent Coin over Week 1, $400 BOKU over Week 2, and $300 BOKU over Week 3. If the pool has an active farm, you can stake your LP tokens to earn the rewards. The rewards are distributed continuously and proportionally to your contribution to the staked LP. Rewards must be claimed from the index page and can be claimed whenever.

For Collections

Floor Index tokens can serve as a great candidate for a fungible, governance token for collections. Additionally, they greatly simplify the processed of tiered utility. For example, if a collection wishes to grant access to the Discord for holders of 10% of an NFT, the collection can monitor for 10% ownership of the index token of that collection.

Rijent Coin has an integration with Grape Protocol to support this. Floor Indexes for a collection is attractive to asset holders, incentivizing collections to co-market or provide farming opportunities for the Floor Index initial liquidity.

Tutorial

The following pages are short and simple video tutorials illustrating how to use the app to complete a specific action with the Floor Index. Every time a user swaps between Rijent Coin and $SOL, a 0.25% fee is taken on the trade. 0.22% of that trade goes back to the LP pool (rewarding the liquidity providers) and 0.03% of that goes to support Raydium’s infrastructure.

Upon nationalizing an NFT, you have the opportunity to create a market to sell fractions of your NFT. The protocol supports the creation of a Raydium AMM. As a fraction holder you can provide liquidity to the AMM and earn fees.

Treasury

The treasury contract is a simple vault implementation holding all the funds collected by the protocol. If for instance a user purchases a ICE-MIM LP bond, the bonded ICE-MIM LP is fully taken in by the treasury in return of the market equivalent of ICE bonded for. New ICE will be minted based on the RFV of the treasury assets. Below are listed treasury contracts by version, where the latest version represents the currently active contract.