$RECORD Token

Understanding Fungible Tokens

A fungible token is a type of digital asset or cryptocurrency that is interchangeable with another token of the same value. In other words, each individual token is indistinguishable from another token of the same type, and they have equal value and properties. This characteristic makes fungible tokens mutually interchangeable and easily exchangeable, just like traditional fiat currencies.

Fungible tokens are commonly used in blockchain and cryptocurrency ecosystems to represent assets like digital currencies or utility tokens. Examples of fungible tokens include popular cryptocurrencies such as Bitcoin (BTC), and Ethereum (ETH), which are divisible into smaller units and can be exchanged one-to-one without any variation in value.

BASE by Coinbase

Base is a Layer 2 chain scaling solution for Ethereum, developed by Coinbase, which means that users need to spend ETH to perform transactions on Base, although these are a fraction of the price on Ethereum mainnet.

It's part of Coinbase's commitment to advancing the fourth phase of their plan, which involves building on-chain applications for an open financial system accessible to over a billion people. Base represents Coinbase's dedication to on-chain solutions and is aimed at scaling the Ethereum network through Layer 2 rollups, such as those enabled by EIP-4844 with Optimism. The goal of Base is to enhance scalability, usability, and security for on-chain applications, making them more accessible and user-friendly for a global audience.

Furthermore, Base offers a robust ecosystem with full EVM compatibility, lower gas fees, faster transactions, and seamless integration with Coinbase, making it an ideal platform for deploying DApps like ours.

$ETH Token

ETH is the native cryptocurrency of the Ethereum blockchain. It's commonly used for transactions and as a store of value within the Ethereum network. Additionally, it serves as a fuel for executing smart contracts and decentralized applications (DApps) on the Ethereum platform. ETH can be traded on various cryptocurrency exchanges and is one of the most widely recognized and utilized cryptocurrencies in the world.

An ERC-20 token is like a digital coin or asset that lives on the Ethereum blockchain. It follows a set of rules that make it easy to work with other tokens and compatible with various apps and exchanges on Ethereum or Ethereum layer 2 solutions like BASE.

$RECORD Token

$RECORD is a ERC-20 token on BASE that can be traded on the Uniswap decentralized exchange. The $RECORD token fuels our ecosystem. In future, it will used to purchase NFTs, pay for ad campaigns, and access app features.

$RECORD tokens become deflationary over time, as a percentage of the RECORDIAN Ad Studio, and NFT Marketplace revenue will be used to buy back and burn tokens. This mechanism reduces the token supply over time, potentially increasing its scarcity and value. It creates a self-sustaining ecosystem where the success of the platform contributes to the token's value.

Tokenomics

Total Supply: 3,000,000,000 $RECORDIAN tokens

- 1% Seed Sale- 30% TGE (vested 2weeks)

- 37.5% Public Sale - 40% TGE (vested 1 week)

- 12.5% Team Tokens - 5% TGE (vested linearly over 14 months)

- 19% Staking - 1 Month cliff (vested linearly over 12 months)

- 20% Ecosystem - 1 Month cliff (vested linearly over 24 months)

- 10% Liquidity