In this article, we're going to dive into our vision for RAM $WOOL Airdrop. Before we begin, it's important to note that RAM is built and deployed by a squad of Teritori Network core contributors, and while it's a stand-alone project, it's also part of Teritori's ecosystem growth strategy. What's more, our team has had the opportunity to experiment with different gamification and airdrop models by advising many other projects, which has enabled us to create a bespoke sustainable model for RAM, the aim of which is to fuel the design of the $WOOL token.
First, let's take a look at the current state of $WOOL tokenomics. To ensure RAM's success, we have balanced $WOOL's distribution as follows:
The majority of the supply will be used as community incentives to attract users and liquidity to the v1 bulletin board.
Early and seed investors are incentivized to provide liquidity that will help us complete v1 developments, market RAM, list $WOOL on exchanges early and build the foundation for v2.
A minimal supply will be released at the TGE so that the RAM token design can successfully fuel our vision of a deflationary $WOOL token.
At the time of writing, we are looking at a total supply of 100 million $WOOL and the initial MC as well as FDMC and release schedules will be announced as we progress through the early and seed rounds.
Now let's talk a little about the design of the $WOOL token. In the diagram above, we highlight the fundamental concepts of RAM:
Traders are incentivized to lock in their $WOOL to take advantage of the Smart Trading Program.
Issuers can determine the amount of royalties to be collected on each transaction of their assets.
A portion of this amount is collected by the protocol to buy back and burn $WOOL each time a transaction takes place.
Each time a transaction occurs, issuers receive a fee, traders are rewarded and $WOOL tokens are burned. The higher the transaction volume, the more $WOOL are burned, guaranteeing a deflationary design.
Now that we've talked about $WOOL's tokenomics and token design, let's talk about $WOOL's airdrop.
As you saw above, only a limited supply of $WOOL is dedicated to the airdrop. The aim is to ensure that the initial circulating supply is limited. On the other hand, we also plan to distribute $WOOL incentives from the community pool through the Smart Trading Program to create a sustainable and independent reward distribution system.
To support RAM ecosystem growth, we will be distributing 1,065,000 $WOOL tokens (~58% of the Airdrop supply) split as the following:
Galxe Onboarding Raffle: 2,000 $WOOL
Zealy Quests: 3,000 $WOOL
inApp Gamification (offchain/onchain): 1,060,000 $WOOL
To reward the $TORI DAO supporters and contributors, we will be distributing 635,000 $WOOL tokens (~33% of the Airdrop supply) split as the following:
The R!ot (EVM) holders: 40,000 $WOOL
The R!ot (TORI) holders: 100,000 $WOOL
Gata DAO (Yield Gorillas holders): 100,000 $WOOL
AAA (ToriPunks holders): 100,000 $WOOL
AAA (ChadPunks holders): 20,000 $WOOL
Burn Capital holders: 100,000 $WOOL
$TORI Stakers (details TBC): 50,000 $WOOL
$TORI Liquidity Providers (details TBC): 150,000 $WOOL
We also left some room (~9% of the Airdrop supply) for partners Airdrops as well as potential LBP rewards for $WOOL LBP. We will update the split accordingly as we get closer to TGE.
If you're interested in joining RAM and harvesting $WOOL, the easiest way for you to get started is by joining the Genesis Campaign OG Seasons on Galxe & Zealy. Those who get in early will have an advantage on the upcoming inApp quests that will be announced soon.
Visit our Genesis Campaign page
Join our Galxe Onboarding Raffle
Join our Zealy Campaign