MyRichFarm
  • About MyRichFarm
  • Motivation and Long-Term Vision
  • NFTs
    • Farm NFTs
      • Crops, Fruit Trees & Animals
      • Components
    • Avatar NFTs
    • Other NFTS
  • GameFi
    • Ecosystem to Grow
    • Yield Farming
    • Store and Marketplace
      • Farm
      • Avatar
  • How to Play
    • Registration
    • Buy RCH
    • Farm Management
      • Lease
    • Fun Zone Games
      • Slots
        • Symbols
        • BONUS Gameplay
        • Mini Farm Gameplay
      • Lottery
      • Tasks
      • Others
    • Merge Rich Car
    • Fruit Tycoon
  • Token Economics
    • RCH Introduction
    • RCH Allocation
    • RCH Utilization
    • Revenue Streams
    • Coin Burn
  • FAQ
  • Certik Audit
  • Team
  • Partners
  • Roadmap
    • Phases
  • DAO
  • Social Media
  • Technology
    • Blockchain
    • Multiplatform—Website and Mobile
    • More
  • Disclaimer
  • Risk Factors
  • Privacy Policy
Powered by GitBook
On this page
  1. Token Economics

RCH Allocation

PreviousRCH IntroductionNextRCH Utilization

Last updated 3 years ago

The maximum possible RCH issuance (or total RCH supply) will be not more than 5 billion.

We plan to allocate the tokens to 4 parts using smart contracts to ensure the MyRichFarm’s success will bring value to RCH (as the chart and form shown below). In this way, we could supportthe players’ ecosystem and acquire the resource for market growth and more quality games.

Allocation

Supply

%

Note

Play to Earn

4b

80%

Team

250m

5%

Locked

Marketing

500m

10%

Private Sale

250m

5%

RCH is only produced by NFT farms, accounting for 80% of the total supply. Among them, 3.75 billion is from farm harvest and 250 million is from publicity events. 5% is for the team and locked for 6 months; 5% is for private sale at the price of $0.01, used to raise development and operation funds; 10% is used as marketing fund, and its purposes include but are not limited to: event rewards, publicity rewards, strategic cooperation, listing cost, etc.

Play to Earn

The weight of Play to Earn takes 80% of the total supply. Plenty of players will be attracted to join MyRichFarm by the amount of token reward. With DAO (Decentralized Autonomous Organization), the Play to Earn allocation could potentially be decided by players’ governance over time. To maintain the market balance, we set a rule that players’ farm RCH production falls to a certain number every 3 months.

Team

Our team holds 5% (locked for 6 months) of the total supply.

Marketing

10% of the RCH supply is to reward those players widely publicizing MyRichFarm.The reward for various events and yield farming. It is public, transparent and traceable.

Private Sale

MyRichFarm will offer 5% of the RCH supply as a private sale to strategic investors.