4. RAHO issuance and circulation mechanism

4.1 Total amount of RAHO issued

The total amount of meta-cosmic governance token RAHO is 3 trillion

4.2 RAHO allocation mechanism

Token distribution:

4.2.1 RAHO deflation mechanism

RAHO achieves sustained deflation and game incentives in the following ways:

1. Users pledge RAHO or LP to mine game prop NFT, which continuously reduces the amount of currency in circulation.

2. The platform will buy back 30% of NFT sales and destroy RAHO.

3.RAHO can be used to purchase part of the game item NFT. After the transaction is completed, part of RAHO will be destroyed.

4. Through the competitive system, players can earn BNB revenue from the bonus pool and there are multiple rewards for game items.

5. Some scenes in the game will require RAHO, and the RAHO consumed in the game will be destroyed. These various methods of destroying circulating currency will continue to destroy the total amount of RAHO until one trillion. The result is less RAHO circulating in the market and a long period of deflation. RAHO has great potential for long-term appreciation if its currency holding demand remains unchanged or if demand continues to grow.

4.3 the DAO governance

4.3.1 Concepts of DAO governance

DAO is a Decentralized Autonomous Organization. DAO is an organizational form derived from the collaborative behaviors of co-creation, co-construction, co-governance and sharing spontaneously generated by groups that have reached the same consensus, based on the core ideas of blockchain and the characteristics of decentralization.

In essence, DAO is an embodiment of the application of blockchain technology and a revolutionary evolution in the history of human collaboration. The emergence of DAO is a new social model experiment of power decentralization through the development of blockchain technology. It is an inevitable product of social development and people's demand and desire for power or governance power.

4.3.2 Emergence of DAO governance

The relatively formed DAO governance started from the DAO is in 2016. The CONCEPT of DAO has been on the radar for almost five years, covering a complete bull - bear cycle. After the DAO, Aragon, one of DAO's leading projects, raised 275,000 ETH in 2017, and DAOStack raised $30 million in 66 seconds in 2018. This shows that DAO is very popular in the field of encryption and its market prospect is widely recognized. DAO is a new form of social organization conceived by people based on blockchain network. Through the smart contract of Ethereum, everyone can raise funds and issue tokens on ethereum network, and participants holding tokens can govern the project without permission. Everyone is equal, and the code is the law.

Blockchain has natural financial attributes and governance attributes.The existence of Token can not only capture the value of the protocol, but also can be used to govern voting. When a blockchain project is created, if the project Token is given the right to vote, it means that each Token represents an authority. Different from the equity of the company, the blockchain Token is more free and easier to circulate, which reflects the further release of power. This is also the idea at the beginning of the DAO.

4.3.3 Ideal state of DAO Governance

In a hypothetical, ideal DAO system, management is coded, programmed, and automated. "Code is law" is the tenet pursued by the encryption world. Organizations have changed from pyramid to distributed, the power has changed from centralized to decentralized, the management from bureaucracy turn to community autonomy, and organizations no longer need companies but are replaced by highly autonomous communities.

Communities follow the principles of equality, volunariness, reciprocity and mutual benefit, and are driven by each other's resource endowment, complementary advantages and win-win interests, everyone is playing their respective roles. Each organizational node will cooperate effectively under the incentive mechanism of token according to its own resource advantages and talents, so as to produce strong synergistic effect and jointly promote the development of the project.

4.3.4 Problems of DAO governance

DAO governance is not a simple matter, DAO’s design is very complex. When designing the operating mechanism of a DAO, there are many factors to be considered and analyzed. It needs to have an organizational goal and culture that can reach consensus with strangers, and a rule system that can reach consensus with strangers, including creation, governance and incentive.

The development of DAO in recent years is actually very limited,the low participation and low efficiency are still the main problems that DAO governance faced. The willingness of community users to participate in governance doesn't seem to be mobilized, and DAO governance is just like a consumable that just eats up our fees, and we don't seem to get much out of it. Currently, DAO application is a relatively simple voting governance tool Snapshot, but DAO application is still limited.

However, DAO is still a very interesting area to look forward to. DAO is in line with the spirit of blockchain. At present, DAO is still in the embryonic stage, and no good solution has emerged in the exploration of DAO governance. However, we believe that with the development of technology and innovation of ideas, DAO will become the mainstream of governance in the encryption field in the future.

4.4 RAHO Token Economics

Comprehensive Token distribution RAHO

Token distribution is for long-term consideration: Development of ecosystem, it will listed mainly in Binance and SOL in the future.

4.4.1 Price Oracle

Anchor all expenditures in RAHO Hero games at RAHO's current value relative to BNB. This means that when RAHO fluctuates, RAHO will adjust the price of coin-making heroes, upgraded buildings, and upgrades accordingly.

Keep prices stable and fair for newcomers and latecomers.

Keep reward distribution fair and stable in the long run!

4.4.2 NFT Oracle

Chainlink partnership and code integration in our NFT casting smart contract, we implemented Chainlink VRF (verifiable random function) code to ensure a safe and transparent casting process for all players.

4.4.3 RAHO Buy slide point

buy point -- 8%

3% -- Bonus pool

3% -- Working Pool

2% -- Destroy Sell

slide point -- 10%

8% -- Bonus Pool

2% -- Destroy

4.4.4 RAHO is audited and safe:

Both RAHO and RAHO Rewards Pool contracts are techRate audited and 100% secure.

4.5 Comparison of Token Distribution mechanisms

4.5.1 Traditional ICOs IEO Flaws

ICO

The initial COIN offering (ICO) was nothing more than a funding method, Often used to launch new products or services related to the crypto world. Why the invest are needed? In return for their investment, investors will receive tokens issued by ICOs. In theory, investors take risks on projects that look and sound promising because their profits will only exist if the value of the tendai currency rises from its base price. Why ICO? First, a token should only be launched if it is needed in the business ecosystem. If so, it makes sense to use it as a form of financing because the regulatory process involved in traditional forms of financing can kill your project. Large amounts of money can be easily raised through airdrops, bounty programs, private sales, and public sales.

IEO

This is a relatively new kind of fundraising activity. IEO refers to a project listed directly on an exchange, without going through an ICO.

This is a relatively new kind of fundraising activity. IEO refers to a project listed directly on an exchange, without going through an ICO. The developer transfers the project's token to the exchange, which then sells the token on its platform to another coin (usually ETH) to the investor. So instead of signing a smart contract directly with an ICO, investors create an account at the exchange and send ETH to that account. When IEO is launched, investors can purchase tokens directly from the exchange.

4.5.2 Problems faced by traditional ICOs IEO

A high proportion of tokens are held by a small minority. When prices go up, a few people make a lot of money at the expense of everyone else, and a few people can manipulate the price of coins. To list on a big exchange, you need a lot of money. Since exchanges have to perform due diligence and act in some way as a guarantee of the value of your project, they will ask for a lot of money of course. Incur significant transaction costs. Incur significant transaction costs. This is where the exchange's involvement in listing IEO makes sense. Inflation creates a lot of transaction costs. This is where the exchange's involvement in listing IEO makes sense. Inflation. IEO allowed the creation of huge inflation from the start. Once the project's coins are tradable, investors may want to convert them into profits. This makes token's behavior like a fundraising approach and destroys its long-term utility in the ecosystem.

4.5.3 RAHO token allocation advantage

Strong fault tolerance.

Strong fault tolerance. A decentralized system is less likely to stop working because of a local problem because it relies on many independent nodes;

Not easy to be attacked.

Not easy to be attacked. A decentralized system is less vulnerable to attack, because the attack of one or several nodes does not affect the operation of the whole system.

Data cannot be tampered with.

Data cannot be tampered with. In centralized enterprises or organizations, managers often collude with each other to change data privately and damage customers' interests for their own interests. In a decentralized system, each node runs independently and in parallel, and data records cannot be changed. In this way, all kinds of data will be more open and transparent, and the interests of customers will be well protected.

Game play.

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