RDDL Network
  • 👋Welcome to RDDL
    • 💡What we do
    • ✨Our Features
  • Basics
    • ✅Understanding RDDL
    • 🎭Actors
    • ⛓️Networks
    • 🪙Tokens
      • RDDL on Liquid
      • Conversion Rate
    • 🎆Types of Nodes
      • 👛Wallet Management
      • 🔐Key Ceremony
    • 🤝Token Services
      • Machine Identity Attestation
      • RDDL Purpose Tokens
      • Wrapped Tokens
      • CID Asset Notarization
    • 🏁Proof of Productivity
      • 👩‍🎤Actor Selection
      • ⁉️Challenge-Response
      • 💰Rewards
        • 🔢Reward Calculation
        • ⌚Clearance Process
        • 🪙Claiming Rewards
    • 🤝Reissuance & Distribution
  • Getting Started
    • ❓How can I participate?
    • ⚡The EnergyAgent
      • ▶️Installation
    • ⚓Trust Wallet
    • SMD (Smart Metering Device)
  • Workflows & Governance
    • Converting RDDL to PLMNT
    • Voting on chain parameters
  • ⚒️Infrastructure
    • 🧁Services
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  • Tokens & Layers
  • Transaction Fees
  1. Basics

Tokens

PreviousNetworksNextRDDL on Liquid

Last updated 1 month ago

RDDL Network knows two types of tokens:

  1. The RDDL Network token RDDL on the Liquid Network is a classic utility and incentive token. The RDDL token is floating. The token is distributed as mentioned in the .

  2. Planetmint service token PLMNT is pegged against the average global cost for producing 1 W of solar power (0.0004€).

PLMNT can only be acquired by the RDDL token. Users can pay for specific RDDL network services with PLMNT. Examples are:

  • Attest the identity of a specific solar power generator to the public ledger.

  • Add the generator to a virtual power plant (VPP)

  • Make generator signals and data sellable

  • Issue a custom project token on the RDDL network (Liquid)

  • ...

An initial RDDL liquidity pool orchestrated by the RDDL DAO exists on the RDDL network. These RDDL tokens will have an issuance value of 0.04 €.

The corresponding PLMNT tokens will have a stable value of 0.0004 €. Initially, you will get 100 PLMNT for 1 RDDL.

Initially, 10% of the RDDL DAO pool will be transferred to a Planetmint pool. The amount will change over time, according to network governance.

At this point, the Liquid network operated by Blockstream is used. In the future, RDDL Network might or might not migrate to its self-maintained elements network.

When the machine first attested it receives 8600 PLMNT to be able to operate on the Planetmint Network

  • This enables the machine to notarize its consumption every hour for a period of one year

  • PLMNT is needed to participate in the POP which rewards the machine with RDDL tokens

Tokens & Layers

Token
Layer

RDDL Network Token

Layer 2 - Liquid

Planetmint Network Token

Layer 1 - Planetmint

Transaction Fees

The transaction fee on the Planetmint network is initially fixed and equals 1 PLMNT. Changes to this might be applied by chain governance.

The of the Liquid Network apply to transactions of the RDDL token.

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whitepaper
default transaction fees