Reneverse Tokenomics Part 1

ReneVerse offers gamers the opportunity to earn money from their gaming experience and allows gaming companies to increase their value proposition, by converting in-game items to NFTs. Rene is a commercial, community and financial ecosystem which combines in-game assets, the interaction of game developers and players, and DeFi benefits.

Rene, the utility token that fuels the ReneVerse ecosystem, supports functions such as minting, staking, or buying and selling. Every function’s settled in Rene, and rewards and incentives are paid in Rene. We believe that gamers should own their in-game assets and be free to create NFTs which can be staked, bought, sold or rented.

Value Creation

For game studios, the toolkit focuses on integration.

⦁ Developers can choose the level of integration they want their gamers to enjoy.

⦁ Every game developer also has a user-friendly account management dashboard which allows the management of everything from integration to the display of information.

⦁ The dashboard displays information about the economics of ReneVerse, including the company’s revenue flow within the network.

For example, by enabling a royalty payment, the studio earns a small fee whenever an NFT is used on the ReneVerse platform. Through the dashboard, the studio can see exactly how much revenue the royalty fees are generating.

Rene Token

The Rene token is an ERC20 token on the Binance Smart Chain, the primary utility token which allows users to purchase NFTs. At the token-generation event (TGE), token supply will be 500 million Rene. The total supply of Rene will be fixed, rather than dynamic, and the majority of tokens at inception will be locked in a number of Funding Pools.

Rene also functions as a governance token, allowing the ReneVerse community to direct the project through the ReneVerse Governance Portal. Rene will be a decentralized project from inception and not controlled by the platform’s management team.

We neither mint nor burn Rene tokens. The token represents the aggregate value of assets secured by the ReneVerse platform, the asset-backing of NFTs, and the accumulation of fees for services purchased on the site. In-game NFT purchase transactions will be charged a 10% fee to ReneVerse, from the game developers. The level and way fees are captured will be set by game developers, ReneVerse and the community through their membership of the ReneVerse platform.

Rene tokens create value from the increase in the value of in-game assets held, accrued transaction fees and other products or services which ReneVerse might develop. From time-to-time, the ReneVerse Treasury will buy back Rene tokens in the market using revenues provided by game developers and the fees it charges game players. This is in order to translate this income into the value of the Rene token.

Token Uses

Rene is the native currency of the ReneVerse used by customers to pay for goods and services provided on the platform. For game developers, access to games, in-game assets and services can be sold for Rene. For players, in-game assets can be bought, sold, rented and staked, and will be interoperable as any new Rene features are added. There is no cost to transferring Rene between members within the ReneVerse, allowing users to save on transaction fees charged by other payment services providers.

Token Assets

The total supply of Rene tokens is fixed at 500 million.

⦁ A Seed token round of [25–50 million] (5–10%) Rene is being sold in a Private Sale in a SAFT or Token Warrants convertible into Rene tokens after 12 months.

⦁ The balance of 475 million in tokens will be held by the Treasury until required.

⦁ A Public Sale of 50 million tokens (10%) is planned for in 2022 (as market conditions permit) as an IDO/IEO, to non-US investors. Only after they have complied with AML/KYC requirements, at which point we believe that the Rene is a decentralized utility token.

⦁ An allocation of 40% in tokens is reserved for the Automated Incentive Distribution pool.

⦁ An allocation of 25% in tokens is reserved for the Treasury pool, plus any tokens not allocated in the Private Sale, to fund the ReneVerse ecosystem.

⦁ An allocation of 10% in tokens is reserved for the Community pool to reward community members that contribute to the development and operation of the ReneVerse (e.g., bug bounties, community rewards, ambassador program and other benefits.)

⦁ An allocation of 10% in tokens is reserved for the team, subject to lock ups and token vesting arrangements.

Public Sale

Rene tokens will at this stage only be made available for purchase by qualified non-US investors. No other tokens will be minted or available for purchase from ReneVerse.

Private Sale

Token Vesting: Tokens reserved for private investors will be locked in a period post public sale. 25% of their holdings will be vested 12 months after the public sale and the 75% balance vested over the following two years.

Public Sale: Tokens sold at public sale will be vested immediately and available to trade.

Site Allocation: Tokens within the Automated Incentive Distribution, Treasury and Community Pool will be vested immediately and released for usage with exact amounts being published and made transparent to the community on a monthly basis.

Team Allocation: Tokens reserved for the team will be vested over the course of 12 months from the conclusion of the public token sale. Once vesting is complete, the tokens will be released once per month for a period of 6 months, in equal monthly instalments. Both team and advisor tokens will be released by our Smart Contract based on their vesting and aforementioned release schedule. Tokens issued to participants of our token sale will be made immediately available or at least as soon as the Smart Contract is deployed. There is no vesting or lockup period for these tokens.