What is RACA coin? A comprehensive introduction to RACA coin project in one article

RACA Coin facilitates transactions, enables governance, and rewards users for their contributions within the RACA Ecosystem, a blockchain-based infrastructure connecting enterprises to the decentralized metaverse.

Oct 26, 2024 at 03:24 pm

What is RACA Coin? A Comprehensive Overview

RACA Coin is a native utility token of the RACA Ecosystem, a blockchain-based infrastructure that focuses on linking real-world enterprises to the decentralized metaverse through augmented reality (AR), virtual reality (VR), and spatial computing.

1. Purpose of RACA Coin:

RACA serves multiple purposes within the RACA Ecosystem:

Transaction Medium: RACA enables users to make purchases, such as virtual assets, in-game items, and access to virtual experiences.
Governance: RACA holders can participate in governance decisions related to the development and improvement of the RACA Ecosystem.
Rewards: Users can earn RACA through contributions to the ecosystem, such as content creation and community engagement.

2. RACA Ecosystem:

The RACA Ecosystem consists of various components that cater to different aspects of the metaverse:

RACA Network: A decentralized network that connects enterprises and developers to create AR/VR/XR applications.
RACA Marketplace: A platform for buying and selling virtual assets, including land, avatars, and gaming items.
RACA Metaverse: A virtual world where users can socialize, explore, and engage in immersive experiences.

3. Token Distribution:

The total supply of RACA Coin is 1 billion tokens, distributed as follows:

Seed round (20%): Released over four years
Private round (25%): Released over six months
Team and Advisors (15%): Vested over two years
Token sale (10%): Sold to public investors
Ecosystem (20%): Allocated for protocol development, incentives, and community support
Reserve (10%): Held for future development and partnerships

4. Partnerships and Integrations:

RACA has established partnerships with various organizations, including:

Samsung NEXT: For showcasing AR/VR/XR experiences using RACA Network
Metaverse Architects: For developing immersive virtual worlds and games
Chainlink: For providing real-world data to smart contracts
Binance Smart Chain: For enabling fast and low-cost transactions

5. Future Outlook:

The RACA Ecosystem aims to become a key player in the development of the metaverse. Its focus on providing enterprises with the tools and infrastructure to create immersive experiences positions it as a potential leader in this emerging field.

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