In an era where the digital landscape is evolving rapidly, RSS3 stands out as a groundbreaking initiative aiming to redefine open information structuring for the next wave of decentralized applications. By forming a network of decentralized nodes, RSS3 consistently indexes and structures information from the Open Web, ensuring unparalleled availability and accessibility. Imagine a future where your web interactions are not confined by centralized platforms, but rather, are enriched with intelligent insights and seamless connectivity across diverse protocols. This is the vision of RSS3—a bridge to the future of a truly open, interoperable, and intelligent Web. Continue reading to explore the core products, utilities, and revolutionary features of RSS3.
What Is RSS3 (RSS3)?
RSS3 is the Open Information Layer, structuring open information for the next Twitter, Google, and OpenAI. The RSS3 Network is formed by decentralized nodes that consistently index and structure information from the Open Web, ensuring its availability and accessibility for all.
The RSS3 Network Powers Three Core Products:
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RSS3 Social: The largest open social indexer, supporting a variety of open social protocols, ranging from Lens and Farcaster to Nostr, ActivityPub, and more. Acting as a bridge, RSS3 enables both applications and users to engage across multiple social protocols.
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RSS3 Search: Helps developers build cross-blockchain explorers and activity feeds with little effort. With one line of code, activities among addresses can be accessed in an aggregated and human-readable manner.
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RSS3 AI: Provides a Mixture of Experts (MoE) architecture that uses a gating network to choose the best expert models for specific tasks, paving the way for intelligent Open Web interactions with real-time analytics and intent executions.
$RSS3 is the project’s native utility token. It is used to pay query fees, operate nodes, participate in staking, and engage in network calibration. Visit rss3.io to learn more.
Token Market Data
Coin Statistics:
- Current Price: $0.4388
- Market Cap: $227,221,301.52
- 24h Price Change: 56.99%
- 7d Price Change: 86.11%
- 30d Price Change: 212.41%
- 24h High: $0.4771
- 24h Low: $0.2804
- All-Time High: $0.7253 (2022-02-15T09:36:00.000Z)
- All-Time Low: $0.0785 (2023-10-26T12:11:00.000Z)
- Circulating Supply: 517,879,939.78
- Total Supply: 1,000,000,000.00
Purpose and Utility of the RSS3 Crypto Token
The RSS3 crypto token is the native utility token of the RSS3 network, which is a decentralized feed protocol for the Open Web. The token primarily serves as a governance mechanism for the RSS3 DAO, allowing token holders to participate in the decision-making process for the network's development and maintenance.
Key Functions of the RSS3 Token:
- Governance: Token holders can participate in the decision-making process for the network's development and maintenance.
- Staking: Token holders can stake their $RSS3 tokens to Normal Nodes, increasing the likelihood of receiving requests for the node. Staking also mints corresponding NFTs, called RSS3-Chips, which represent the underlying staked $RSS3.
- Query Fees: The token is used to pay for query fees within the network.
- Node Operation: The token is used to operate nodes within the network.
- Network Calibration: The token is used to engage in network calibration.
Enhancing Interoperability and Search Functions
The RSS3 token is designed to enhance interoperability among open social platforms, functioning as an open social indexer supporting various social protocols. It aims to facilitate open information exchange and provide unified presentations of users' identities and assets across different platforms, allowing users to independently control and display their assets in the Web3 landscape.
In addition, the RSS3 token is used to enhance Open Web search functions, making it easier to develop search engines, cross-blockchain explorers, and activity feeds. It processes decentralized network data to facilitate the creation of these tools, providing structured data for detailed analytics and real-time retrieval for access to the latest information.
Integrating AI for Intelligent Interactions
RSS3 integrates AI through its Mixture of Experts (MoE) architecture, offering on-chain AI solutions for tasks like content generation, enterprise workflow optimization, automated smart contract execution, real-time market analysis, and risk management. It also provides an AI-ready API for the fine-tuning of AI models and other related functions.
Tokenomics and Distribution Model
The RSS3 crypto token has a total supply of 1 billion tokens, with 674.9 million tokens currently in circulation. The tokenomics and distribution model of RSS3 includes the following:
- Seed Investors: 4.6% of the total supply, with a 12-month cliff and a 24-month linear unlock.
- Private Sale: 10% of the total supply, with a 12-month cliff and an 18-month linear unlock.
- Public Sale: 5% of the total supply, with all tokens unlocked immediately.
- Early Incentives: 10% of the total supply, with 2% unlocked with the TGE and the remaining 8% linearly unlocked within 12 months.
- Team: 15.4% of the total supply, with a 12-month cliff and a 36-month linear vesting period.
- Natural Selection Labs: 5% of the total supply, with a vesting period of 24 months after a 12-month cliff.
- Advisors: 1% of the total supply, with a 12-month linear vesting period.
- Ecosystem: 32% of the total supply, with 2% unlocked with the TGE, a 12-month cliff, and then a 48-month linear unlock.
- Foundation: 15% of the total supply, with a 12-month cliff followed by a 48-month linear unlock.
Mechanisms to Control Inflation
The RSS3 Mainnet Tokenomics document mentions a tax on Network Rewards allocated to Staking Pools, which is calculated and distributed to the Operation Pool at the end of every epoch. The tax rate is set by the Node Operator, and the taxed amount is received in full if the deposit meets certain conditions. Otherwise, the exceeding part of the tax collected will be allocated to the Public Good Pool.
Slashing is triggered when a Node is demoted for reporting inaccurate data or failing to process a request, and it results in a deduction of 2% of the Staking Pool and 10% of the Operation Pool. Half of the slashed tokens are burnt, 10% go to the reporter, and
