RobinHoodProtocol: a DeFi crypto ecosystem for everyone.
The RobinHoodProtocol was born on the premise of creating equal wealth opportunities. This protocol includes a set of 2 tokens built on the Binance Smart Chain (BSC), an innovative rewards system, and a complete application that integrates almost every crypto and NFT function you could imagine, all in one place.
The RobinHood team is working on an app that will allow holders to safely store their crypto and NFTs, trade in multiple blockchains, invest early in new projects, earn rewards by playing sponsored games, and create and trade NFTs. Everything is designed to be accessible to people with little to no experience in the crypto universe. In this article we will take a look at the most relevant features of the protocol.
Dual-token tokenomics.
The main token of the RobinHoodProtocol receives the name (xRHP). A small private sale is already taking place before the launch. The official launch is expected to take place before the end of the year. The xRHP tokens will be up for sale on Pancake Swap.
Probably the best perk of investing early in the RobinHoodProtocol is the reward token, called HoodWings (xHOW). These rewards were implemented to encourage long-term holding and to control the price volatility of the tokens.
xHOW will be farmed until the rewards distributed reach 20% of its maximum supply. Once this goal has been reached farming will be stopped and the tokens will be airdropped to the xRHP holders. The team will also burn 30% of the xRHP tokens to balance the numbers and increase the value of the coins.
Transactions with the Robinhood tokens are charged a network fee or “tax”. Anyone holding the tokens will perceive a percentage of these amount for as long as the network is active. This system generates theoretically endless returns for the long-term holders.
RobinHoodProtocol App and its features.
The RobinHood team is developing a wallet that will be accessible via the website, and also apps for IOS, Android, Windows, and Mac OS. The wallet will pack many interesting features in a very compact and user-friendly interface. Multiple use cases are planned.
Exchange: A simple, functional, easy-to-understand exchange that will allow users to buy and sell different cryptocurrencies. Major blockchains will be integrated to the exchange for versatility. The wallet is also integrated with some of the major decentralized exchanges, including Pancake Swap.
Access to Dapps: Decentralized apps are open source, peer-to-peer crypto networks not held under control of one entity. They are considered to be safe to use as long as they have a good reputation and trajectory. The Robinhood Protocol app will allow users to discover integrations with Dapps such as decentralized exchanges, games, and metaverses.
GameFi console: This new gaming trend is taking over the crypto market. The combination of innovative games with decentralized finance (DeFi) and NFT collections allows players to earn rewards for their progress and accomplishments in the featured games.
As a general, rule the rewards are NFTs that appear as part of the gaming experience. When using the RobinHood app you will be able to easily stake or trade the NFTs in the marketplace and reinvest their crypto earnings, all within the same app.
NFT Marketplace: This is the section where novel and experienced artists can meet, create, and trade NFTs with ease. Besides handling the most complicated technical issues in the creation of the NFTs, the platform will also offer all the NFT news in one place to guide and inspire the artists. Partnerships with the biggest and most reliable news channels are expected soon.
Probably the most important of these products will be the Launchpad, where users will be able to invest their xRHP in new, promising crypto projects. Early investment in selected projects could lead to great returns. This section is the most important for passive income generation and deserves a separate section in the article.
Launchpad: perks and security measures
Probably the biggest issue with the rise of decentralized exchanges is that nobody knows for sure which projects are good and which ones are not. There’s plenty of scams circulating, and that’s why strict controls are needed for every upcoming project. The RobinHood team has experts on the DeFi field who will ensure that the projects being published are safe and productive.
The checks will include private and sponsored technical audits, inquiries on the experience and reputation of the developing team, project orientation, roadmap and long-term viability, potential, tokenomics, and a background check on the people responsible for the project.
Investors in the RobinHood Launchpad can count on pools for the initial token offerings, anticipated news on the most promising projects, early access to private offerings before the tokens are available in other exchanges, safe investments thanks to the background checks and audits, and finally, double yield thanks to the internal reward systems.
The new DeFi projects that get pre-approved to the RobinHood launchpool will require a deposit from the creators to the RobinHood holders as the final compromise.
The deposited tokens will be distributed to xRHP holders proportionally to their holdings. This means that every time a new project is launched in the RobinHood Launchpad, all xRHP holders will receive extra tokens for free without even having to invest their funds. Essentially a pool.
The final months of 2021 and the first quarter of 2022 will be the most exciting for the RobinHoodProtocol project. The website is due to receive a massive update. The wallet development will enter final stage. The xRHP presale will start soon. After a couple audits, the token will be launched in centralized exchanges. From there, it’s moon time.
