RDDL on Liquid

Token Lifecycle

Issuance: Initially, 998.69 RDDL were issued on Liquid.

Reissuance: Planetmint consensus triggers a reissuance of RDDL tokens every 2 minutes after the Proof of Productivity. The reissuance is defined as follows:

• First 4 Years: 998.69 tokens every 2 minutes

• Second 4 Years: 499.34 tokens every 2 minutes

• Third 4 Years: 249.67 tokens every 2 minutes

• Fourth 4 Years: 124.83 tokens every 2 minutes

• Fifth 4 Years: 62.42 tokens every 2 minutes

Distribution: Issued and reissued tokens are distributed to

• Strategic investors: 2%

• Foundation: 19%

• Investors: 10%

• Community/DAO 61%

• PoP/machine-challenge: 8%

Reconciliation: Reissuance and distribution are triggered every 24 hours to reduce Liquid's economic footprint/costs.

Liquid Wallets

RDDL Network-operated Liquid wallets are protected and only accessible via a 2-out-of-3 or 3-out-of-5 quorum. All wallets are only opened and accessed to transfer funds.

Re/Issuance wallet

A quorum protects the wallet issuing and reissuing of the RDDL tokens. The wallet is only opened and accessed during the reissuance and distribution phase.

PoP escrow

All PoP rewards are distributed to the PoP escrow account managed by the validators.

Machines and operators can claim their PoP rewards by issuing a PopClaim message on the Planetmint network. Rewards will then be distributed to the specified address on Liquid.

DAO escrow

The DAO escrow converts 10% of all incoming reissued tokens into PLMNTs and distributes them evenly to the validators to support their operations.

RDDL2PLMNT escrow

The RDDL2PLMNT service maintains the escrow mints planets (PLMNT tokens) for the incoming amount of RDDL tokens. The initial conversion rate is equal to 1 PLMNT = 0.04 RDDL.