RAFL: alpha 1.0 is on schedule to be released March/April 2018
RAFL’s code will be subject to review and testing, and will be available to the public in January 2018.
We have been developing the RAFL platform for over a year and can finally unveil a preview of the ALPHA platform.
When we started development we kept in mind that simplicity was the main criteria that we had to address.
RAFL alpha 1.0 will be restricted to only support cash raffles and can only be held by RFL token holders.
The size of the cash raffles will be determined by the amount of RFL tokens the user holds.
The maximum size of the cash raffles token holders will be able to host is set out as follows: 1 ETH per 2000 RFL.
For example: 20000 RFL = 10 ETH cash raffle
Hardcap: 39,000 ETH
Total supply: 100,000,000 RFL
1 ETH = 2000 RFL
A 25% bonus is applied for the first 10,000,000 RFL tokens.
All remaining tokens after ICO are burned.
The token is also used to make decisions on proposals
The token is not for payments within the network
- Release of white paper
- Interface and contract development
- RAFL interface alpha release
- Marketing activities
- RAFL interface beta release
- First governance event
- First dividend
- Stablecoins such as Dai from MakerDAO and DGX from DigixDAO
- Speed improvements from Raiden
- uPort for verification and seller reputation
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