Section 4.3 explained the mining mechanism and how miners, validators and other role players receive Roam Points as rewards for their contributions to the network. The other way to generate Roam Points is to purchase them directly from the Roam foundation or to redeem loyalty points from businesses whose reward programs align with the Roam foundation. Please note that the generation of Roam Points could be boosted during different marketing campaigns. Roam Points could also be generated by selling $ROAM tokens. Such sales activities will only be allowed to take place within applications registered with the Roam foundation.

Circulation

The circulation of Roam Points, which function as a quasi-stable token, takes place largely within the ecosystem. Its circulation mainly relates to business activities. For instance, built inside each Roam Gateway will be an application market where the user can spend Roam Points to purchase third party applications; and where businesses can spend Roam Points to access the “3W” data generated by the network, or to post advertisements within the Roam network’s landing page environments. Essentially, Roam Points functions as the “dollar” within the Roam ecosystem. Note that a 5% value-added “tax” will be charged on the above transactions and payable to the Roam foundation treasury.

The other key function of the Roam Point is to generate $ROAM via the staking process. Such a process ensures that network contributors can receive their rewards in a transparent manner while the network scales.

Consumption of Roam Points

Roam Points will be consumed during the following scenarios:

a) After they have been staked in a pool to generate $ROAM
b) When Roam Points are redeemed for other digital assets not issued within the Roam ecosystem. This type of redemption can only happen in applications approved by the Roam foundation
c) When Roam Points are used to purchase $ROAM by the Roam Foundation Treasury. This will be performed mandatorily once in a quarter based on the balance of the Treasury department, and the funds shall come from the value added “tax”generated by the ecosystem. Only the Roam Foundation Treasury has the rights to purchase $ROAM directly with Roam Points.
d) When activating a mining device or changing its location.

4.6.2 $ROAM

The native cryptographically-secure fungible protocol token of the Roam network (ticker symbol $ROAM) is a transferable representation of attributed utility functions specified in the protocol/code of the Roam network, and which is designed to be used solely as an interoperable utility token thereon.

$ROAM is a functional multi-utility token which will be used as the native utility token and economic incentives which will be distributed to encourage users to exert efforts towards contribution and participation in the ecosystem on the Roam network, thereby creating a mutually beneficial system where every participant is fairly compensated for its efforts. $ROAM is an integral and indispensable part of the Roam network, because without $ROAM, there would be no incentive for users to expend resources to participate in activities or provide services for the benefit of the ecosystem. Given that additional $ROAM will be awarded to a user based only on its actual usage, activity and efforts made on the Roam network and/or proportionate to the frequency and volume of transactions, users of the Roam network and/or holders of $ROAM which did not actively participate will not receive any $ROAM incentives.

$ROAM does not in any way represent any shareholding, ownership, participation, right, title, or interest in the Company, the Distributor, their respective affiliates, or any other company, enterprise or undertaking, nor will $ROAM entitle token holders to any promise of fees, dividends, revenue, profits or investment returns, and are not intended to constitute securities in Panama, Singapore or any relevant jurisdiction. $ROAM may only be utilised on the Roam network, and ownership of the same carries no rights, express or implied, other than the right to use $ROAM as a means to enable usage of and interaction within the Roam network. The secondary market pricing of $ROAM is not dependent on the effort of the Roam team, and there is no token functionality or scheme designed to control or manipulate such secondary pricing.

For the avoidance of doubt, neither the Company nor the Distributor deals in, or is in the business of buying or selling any virtual asset or digital payment token (including $ROAM). Any sale or distribution of tokens would be performed during a restricted initial period solely for the purpose of obtaining project development funds, raising market/brand awareness, as well as community building and social engagement; this is not conducted with any element of repetitiveness or regularity which would constitute a business.

Generation

The generation rate of $ROAM tokens is straightforwardly determined by the formulas defined in Section 4.5. Multiple staking pools will be developed to generate $ROAM. Roam Point holders, $ROAM holders, and Roam NFT holders will all have the opportunity to receive $ROAM via these pools. The yields of the staking pools follow the formula

with the adjustment for difficulty.

Circulation

The primary usage of $ROAM tokens is for staking:

a) Validators and witnesses must stake $ROAM tokens as an indicator of commitment for the right to validate the services provided by the miners, and also to ensure service standards. As rewards for their work, participants would be able to earn $ROAM token rewards.
b) Additional roles will be gradually introduced to the network, and all active contributors to the safety and security of network operations will be able to earn $ROAM token rewards. The staking process is an essential part of community building to motivate and incentivize users to participate.
c) Users can stake $ROAM tokens while voting in a community election, and the number of voting tickets granted to them will be proportional to the amount of $ROAM they stake
d) Given the fact that multiple blockchain projects work with Roam network to bring value to their customers or ecosystem partners, users can stake $ROAM tokens to gain priority access to campaigns/airdrops from these other projects (by actively engaging, users will be able to earn various token rewards).
e) RADIUS operators and mining device manufacturers must stake a predefined amount of $ROAM for the rights of operation. This would ensure service standards.
f) $ROAM functions as an access token, so community members can stake $ROAM for other community privileges.

$ROAM represents the utility value available on the Roam network.

4.6.3 NFTs

Roam NFTs are the essential part of the community and tokenomics model as defined in Section 4.5.3.

Generation

All NFTs will be issued by the Roam foundation directly, and, when they become available, bonded to particular mining devices by the Roam foundation.

Circulation

$ROAM NFTs could be transferred within any NFT marketplace or via peer-to-peer transfers. If the holder stakes the NFT, he or she can receive $ROAM rewards.

Lifetime

Similar to other electronic devices, Roam mining devices have a limited lifetime too. Roam ensures that the mining device bonded to the NFT can work for at least two years. The actual lifetime for each unit will be unit specific.

Once a mining device reaches the end of life, the NFT holders can still enjoy their “OG” community status and potential airdrops. The NFT can also be continuously staked for $ROAM.

‹ 4.5 Tokenomics Models

Roadmap ›