What is Rand Network? The Rand App is a better place to store your savings! Store your savings in our Private Vaults and earn high recurring […]
Start:
May 5, 2022 00:00:00
End:
May 5, 2022 23:59:00
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ICO Details
ICO Details
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Rand Network (RND) Token Sale Details
Ticker Symbol:
RND
Blockchain Network:
Ethereum
Token Type:
ERC20
Category:
ICO Token Sale Price:
1 RND = 0,28 USD
Accept Payments:
USDT, USDC, ETH
Launchpad:
Tokensoft
Token Sale Page:
Rating:
Token Metrics & Distribution
Total Supply:
200,000,000 RND
Early Supporters:
20,000,000 RND
Investors:
35,800,000 RND
Team:
40,000,000 RND
Advisors:
8,000,000 RND
Ecosystem:
96,200,000 RND
Investors 17.90%
Team 20.00%
Advisors 4.00%
Ecosystem 48.10%
Token Sale Price
Social Media
About Rand Network (RND)
What is Rand Network?
The Rand App is a better place to store your savings! Store your savings in our Private Vaults and earn high recurring interest to cover all your monthly expenses and subscriptions.
Rand Network Unique Features
In addition to its function as the main medium for transaction fees, Rand users will also need RND in order to access several features and benefits of the platform:
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Governance.
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Higher sustained APYs.
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Access to exclusive Community Public Vaults.
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Safety Model staking.
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Free Withdrawals.
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Penalty fees paid in RND for early withdrawals.
Roadmap
Q1
First Quarter
During Q1 2022, we launched the first version of our MVP (Minimum Viable Product) on testnet. In this first release, we are testing all the different smart contracts that execute the logic of the vaults and the smart contracts in charge of producing the yield. Also, this first release gives us the opportunity to get feedback from our community and potential users to make sure we solve potential problems before the official launch of the App.
At the end of first quarter, we will launch the first version of the Rand App for IOS and Android in Europe. In this V1, we will bring FIAT onboarding for all the European users via our partner Criptan. We will also open the Presale to our community and we will launch the first Ambassador program as well.
Q2
Second Quarter
During Q2 2022, we plan to expand Rand App and the FIAT onboarding to South America with new product features as well as debit card integration. We plan to put our Tokenomics into action with the launching of the Rand token for our community via our Presale and the listing phase will begin. We will also launch the Safety Module and the first Governance module for our token holders.
Q3
Third Quarter
In Q3 2022, we plan to launch the second version of the Rand App after going through another external security audit. In the second version, we will launch new product features, such as the Community Public Vaults, with more optimized yield strategies for the yield aggregator.
Also, in the Q3 phase, we will launch “The Randers” program and the second phase of protocol Governance by bringing some of the logistics that are currently running in the backend directly on-chain.
Q4
Fourth Quarter
In the final quarter of 2022, we plan to bring FIAT onboarding to Asia aligned with the third phase of the Governance. We also plan to launch the API for institutional integration and the collective venture investment for the investment pooling program.
Rand Network Token Economy
Governance
Rand takes a phased approach to employ various governance mechanisms that will allow it to progressively decentralize and ultimately be governed by the majority of network stakeholders. We take much of our inspiration from Polkadot for technical and governance mechanism design, and adapt it to best serve the Rand Network.
Higher sustained APYs
All the token holders with an X% of their balance in RND tokens will be able to access higher APYs than regular users. These better APYs will allow them to achieve their goals faster or with less initial capital.
Safety Module staking
Users or investors will need RND to join the safety module and receive sustained monthly rewards coming from trading fees plus yield produced via the Rand Yield Aggregator.
Rand Community Vaults
Users will need RND to join the community vaults. In this special vault, users will be able to earn more than just yield. We will be giving away special and exclusive Rand NFTs as well as RND airdrops to bootstrap network liquidity over the short term.
Firstly, all special giveaways that we do with strategic partners will be done through the Community Vaults. By using our own token to incentivize these Vaults in the short term, we can create bigger prizes and attract more users to the platform.
Secondly, once we start to scale, it will not be necessary to use our token for extra incentives in the Vaults. This method will enable us to decrease the token velocity over time.
Finally, once we start scaling, some of the profits that Rand makes will be used to buy back RND and give it back to the community through grants and bounties.
Free Withdrawals
Users will have free withdrawals during X period of time if they hold Y% of their balance in RND tokens.
Penalty fees
Last but not least, users that want to leave a Private Vault before it ends will need to pay a penalty fee in RND. All the network’s transaction fees will be paid using RND.
Detailed Token Metrics
Token Distribution
At the time of launch, there will be a total supply of 200 million RND tokens. Of these, 17.9% of the total supply will be reserved for our strategic private sales and our crowdfunding campaign sale. The Presale period is when we will onboard the right investment partners to help the project scale from a financial point of view over the longer term. At this stage we will also give special access to all community members who have supported Rand from the beginning.
The remaining 82.9% of the supply will be distributed as follows:
Treasury and Ecosystem
The 48.1% of the supply will be allocated as the Ecosystem Treasury fund to be reserved for growing Rand Network. This includes paying for Gas transaction fees for transactions as well as grants and bounties for community contributors. With this kind of program, we expect to build strong relationships with strategic community members that will help us with marketing campaigns, technical design, global ambassadors, and channel moderators.
In the short term, Rand Treasury will be streaming tokens to the Safety Module in the form of a Liquidity Mining program to extra-incentivize stakeholders to lock RND tokens in the Safety Module.
As the percentage of yield going to the Safety Module increases with network adoption and increased contributions from the Yield Aggregator mechanism, the Rand Treasury will be able to decrease the amount of tokens it has been streaming to the Safety Module to bootstrap its initial liquidity.
Lastly, Rand Treasury will be used to maintain a healthy price for RND token in case of sudden price volatility in the market. Funds in the Treasury can only be used if approved by Council voting.
Rand Team
20% of the supply is distributed among all team members. Since the beginning of 2021, the team has been growing and we are proud to say that we have assembled one of the most competent teams in the Web3 space.
Early Backers & Advisors
The 14% of the allocation is dedicated to rewarding institutional partners and individual advisors that help us push the project since the day of its inception. These backers gave us the connections, training, and methodologies to follow to make sure we accomplish all our goals.
Token Release Schedule
Partners & Advisors
Team Members
Investors
Bit2Me Capital, The Data Venture, DFG Capital, Faculty Group, Inveready, JME Ventures, Jsquare Ventures, LongHash Ventures, MEXC Global, Nxgen Capital, Outlier Ventures, Pluto Digital PLC, PrimeBlock Ventures, Stealth Capital, Telefónica Ventures