Reality Metaverse is taking the step of freezing up to 5% of the total $RMV token supply to support the listing of $RRUSH, thus creating a sustainable ecosystem for both the community and token holders.
Purpose of Token Freeze
In the world of blockchain economies, it is crucial that new tokens introduced to the market are backed by real value. This helps protect the integrity of the ecosystem and builds community confidence. By freezing a portion of the $RMV supply, the company ensures that $RRUSH is backed, rather than being a token 'created out of thin air.'
First Freeze Phase: 1% of Total Supply
The first step involves freezing 1% of the total $RMV token supply for a minimum period of one year. This will allow 20% of $RRUSH tokens to be released into the market while maintaining a healthy balance and trust in their value. For each subsequent release of $RRUSH, an additional portion of the $RMV supply will be frozen to ensure consistent backing of the tokens.
Strong Connection Between $RMV and $RRUSH
Linking the release of $RRUSH to the freezing of $RMV tokens adds real value to each $RRUSH token. The approach is simple: as $RRUSH tokens are distributed to the market, a corresponding portion of $RMV is frozen, strengthening the connection between the two tokens. This is a step towards making the entire Reality Metaverse ecosystem more sustainable, stronger, and valuable.
For the community and $RMV holders, this marks progress in building a stable and thriving environment. Freezing a significant portion of $RMV tokens provides confidence that the ecosystem will remain robust and valuable. Reality Metaverse continues to expand its ecosystem with the commitment to creating tokens backed by tangible value.