Article Summary, Automatically Generated By AI
Summary of RUG RADIO
- $RUG is the utility token of the RugRadio ecosystem.
- $RUG is earned by holding Genesis NFTs, with longer holding periods yielding more tokens.
- The $RUG token has a slow release cadence, taking 5 years to fully enter the marketplace.
- Rug Radio is a decentralized media platform, allowing hosts to create content using their preferred medium.
- Hosts retain ownership and benefit directly from their creations.
Numbers and figures mentioned:
- $RUG (token)
- 5 years (slow release cadence)
No case studies, anecdotes, or examples were found in the provided text.
About RUG Radio: Amplifying the Voice of the Crypto Community
The $RUG token serves as the official currency within the RugRadio ecosystem, functioning as a pure utility token designed specifically for use within this ecosystem. Additionally, it is poised to hold future exchange value within the RugNetwork on new projects developed by the DAO. Notably, every Genesis NFT held will generate $RUG tokens, with the amount received increasing in proportion to the duration of utility NFT ownership. The $RUG token operates on a slow release cadence, which means it will take a period of 5 years for the entire supply of $RUG to become available in the marketplace.
Rug Radio pioneers the world’s first fully decentralized media platform, empowering creators to thrive in a liberated environment. As a platform-agnostic haven, our hosts are free to craft their content using the medium of their choice. Moreover, they reap the rewards of their creative endeavors, retaining full ownership and control over their intellectual property.