LordH

There is a lot of chatter about ecosystems and sizes, so figured I would write a tweet about our own. The @RugRadio ecosystem is composed of three NFT collections and two ERC-20's. NFTs (ERC721-M): 1. Rug Radio Membership Pass Launched in December 2021 for free, the Rug Radio Membership Pass' original utility was to be able to mint a Genesis NFT in January 2022. It also gives you full access to the Rug Radio community, IRL events, different activations throughout the year online and offline, our Rewards program, and more. The Membership Pass will always have access to everything we launch, it is the lowest barrier to entry to our ecosystem. It will also have access to everything we are building from a tech standpoint. 2. Rug Radio Genesis NFT The Genesis NFT was launched in January 2022 for 0.11 ETH each. Like the Membership Pass and the PFP, 1000 NFTs were held back by the team. This NFT is the highest barrier to entry to our ecosystem but also the most important one. It yields $RUG token daily (5, 7, or 11 based on rarity), has all of the Membership Pass utility but also access to drops, such as the PFP that minted recently. It is the most important NFT in the ecosystem for the reason that it yields tokens daily but also that we prioritize it over any other NFT when it comes to access, events, etc., if we need to pick between collections. 3. Cory Van Lew x Rug Radio Faces of Web3 The PFP collection was launched in February 2023 for 690 $RUG per Genesis owned, and about 5,000 of them were sold to the public for 0.069 ETH each. This collection has the same level of utility as the Membership Pass for now, and is a collection designed by @CoryVanLew meant to reward our holders, but also give them a piece of fine art to collect, to build their identities around of, and support Rug Radio. We are actively working with Cory on fun activations for PFP holders and things they will be able to do with their NFTs such as evolving them (???), merch for different traits, and more! ERC 20's: 1. $RUG token (0xD2d8D78087D0E43BC4804B6F946674b2Ee406b80) The $RUG token is a utility token yielded by the Genesis NFTs daily, that holders can claim using our Dashboard whenever they want. Its main utility is to be swapped for the $RDAO token once one yields 1800 $RUG. We opted in for a dual-token ecosystem to separate governance from utility. You can earn $RUG by being a Genesis NFT holder, or by holding any NFT ecosystem and participating into our Rewards program. The rewards program has daily bounties across most social media platforms, and we have a listen to earn to govern program in place on certain live audio shows. The $RUG token can now be used for more than swapping to $RDAO, as the store allows you to trade it in for multiple things. Think of it as a loyalty program and a point system, where you can redeem your tokens for things IRL and URL. If you are interested in partnering with Rug Radio and accepting $RUG, feel free to reach out as we are always looking to expand our rewards program and our store. Lastly, the $RUG token will be used in everything we create and is at the centre of our ecosystem. Our tech roadmap for the rest of 2023 has releases every quarter this year and will be made public shortly. 2. $RDAO token (0x6235CAEea7C515DaC14060Ec23a760090655F21b) Rug Radio is governed by the RugDAO, and the DAO represents the heart of our decentralized media structure. The DAO stores the value created within the network and houses the governance of the whole platform. The $RUG and $RDAO tokens are released slowly, over a 5 year period, which means that the DAO will grow slowly because we want to move at a pace that we know Rug Radio and its governing body will move towards true decentralization. You can view all of the previous proposals we have for on Snapshot, as well as all the future ones! Running out of characters, feel free to AMA below! 💙

Gm! I’m seeing a bunch of @CoryVanLew x @RugRadio PFPs but don’t follow all, so let’s fix that on this fine Sunday. 😇 You got our pfp? Comment below and let’s all follow one another! #FACESFOLLOWFACES 💙