Rally offers a platform for creators and online communities who desire to launch cryptocurrencies. The cryptocurrencies are social tokens for the fans of creators and are used to get access to benefits such as unreleased content and merchandise.RLY is the platform's Ethereum token and it powers the Rally network.
Creators on the platform receive customizable and branded cryptocurrencies they can use at their discretion. Illustratively, creators can offer their fans exclusive access to certain content, events, and products, or they can monetize their offerings to their fans directly. The platform is also for fans who want to support select creators and receive access and benefits in return. The creators and their fans get weekly community network rewards given in RLY.
The creator coins are given according to a token bonding curve. It is a linear curve that has a beginning price of one percent of the cost of RLY for the creator's launched token. Utilizing this mechanism, the cost of RLY then backs the creator coin, which means there is a total available token supply of about 21 million creator coins. Five million of them are given as the starting amount and then partially vested for about three years.
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