Tokenomics

The $RDAT token is the governance token for the community-owned data treasury within RDATADAO. This first-of-its-kind project rewards data contributors with $RDAT tokens, which are used to govern the community-owned Reddit dataset. Our phased rollout approach ensures the continuous improvement of incentives to encourage the addition of high-quality data to the system.

Total Supply

The total supply of $RDAT is fixed at 30 million tokens, and the contract has been renounced, ensuring that no additional tokens can be minted. This fixed supply model protects against dilution and provides certainty for token holders regarding the total number of tokens in circulation.

rDataDAO was launched as a completely fair launch, with all tokens being distributed directly to the community and the DAO treasury. No tokens are held by early contributors, ensuring an equitable distribution and reinforcing the decentralized nature of the project.

To further protect early $RDAT holders and incentivize long-term participation, we have introduced $RDAT staking, which offers additional rewards and benefits to active contributors.

Phased Rollout

Given the innovative nature of rDataDAO, the project was rolled out in phases to ensure that incentives were correctly aligned and encouraged the creation of a high-quality, community-owned data treasury.

Phase 1

In the first phase, 20 million $RDAT tokens were distributed to users based on their karma. Over 141,000 Reddit users expressed interest in this groundbreaking project. To date, 21,000 community members have uploaded their data, surpassing our initial target of 100,000 verified users and 20,000 uploads. This success demonstrates the community's enthusiasm and commitment to building a robust data treasury. Phase 1 is now closed.

Phase 2

Phase 2 addressed the community's concern about token dilution by introducing staking. Initially, it was anticipated that users would accept dilution as the data treasury grows, increasing the dataset's value. However, the community voiced a preference for more active participation to prevent dilution.

$RDAT staking resolved this by providing referral rewards and protecting early holders from dilution as the supply increases with subsequent phases. This staking mechanism not only mitigated dilution but also encouraged users to remain engaged and contribute to the DAO's growth. Phase 2 is now closed.

Future Phases

Future phases will be subject to community voting, ensuring that the evolution of rDataDAO aligns with the interests and priorities of its members. This democratic approach ensures that the DAO remains responsive to the needs of the community and continues to innovate in ways that maximize the value of the Reddit dataset.

Potential enhancements for future phases include introducing new data contribution incentives, expanding the governance model, and exploring additional utility for the $RDAT token. By continuously refining our approach, rDataDAO aims to create a sustainable, community-driven ecosystem where data contributors are fairly rewarded, and the collective value of the Reddit dataset is maximized.