What is $RYBER used for?

Token utility in the Ryber Ecosystem

• Usage in the RyberVerse – breeding new Robros, upgrading NFTs and buying loot boxes.

• The Marketplace – buying and selling NFTs and various in-game items.

• RyberDAO – taking part in the governance of Ryber’s DAO for $RYBER holders and Genesis Robros holders.

• Access to the RyberMetaMaker – our unique tool for game creators who pay for its use.

• RyberHub – Purchase and publish games with $RYBER.

Players can earn $RYBER tokens through different in-game activities and events while using them to make upgrades, purchase new items and more. Our DAO gives players ample opportunities for managing and influencing the development of the Ryber Ecosystem using tokens.

Moreover, each game published on the RyberHUB will have its in-game token, which is necessary to cultivate a unique economy and gameplay. Third-party developers using the RyberMetaMaker will be able to conveniently launch their own token and integrate all the necessary technical elements for P2E.

Deflationary Mechanics

For sustainable tokenomics, we have implemented two groups of deflationary mechanics.

• In-game burning when:

  • Breeding a new Robro;

  • Robros level up;

  • Buying new items;

  • Upgrading items.

• Out-of-game:

  • Burning a part of the commission on the Marketplace;

  • Buybacks of the $RYBER tokens from market circulation.

Token Staking

The members of our community who are committed to a long-term collaboration with Ryber can stake their tokens and receive rewards in the form of passive income. If players stake their $RYBER through the staking control panel, they can count on a reward in the form of $RYBER. Moreover, in the future, such players will be able to take part in Ryber governance and vote for the distribution of the community treasury.

The Ryber ‘added value’ initiative

In the future, our staking system may be upgraded in order to reward those participants who have added significant value to the Ryber Ecosystem. Currently, this aspect of Ecosystem governance is being discussed and evaluated to develop the most efficient solution. We will share updates on the Added value initiative as soon as the concept starts to take shape.