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Kathmandu
Tuesday, July 27, 2021

Currently in beta testing - RECAP Token. Interested? Join here!

Review Capital: How To Participate in Testnet phase? Updated Tokenomics

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How to participate in Testnet Phase of BuzzerNepal?

To participate in Testnet phase of BuzzerNepal, please request testnet RECAP using this form.

Step 1: Get testnet RECAP token as you need RECAP for article submission fee and/or validation submission fee.

Step 2: Browse https://testnet.buzzernepal.com and connect wallet to participate.

Step 3: Participate as Writer and/or Validator.

Step 4: Rewards will be distributed for 3 parties:
a) Writers: 8,000 RECAP distributed based on testing related to writer
b) Validators: 8,000 RECAP distributed based on testing related to validator
c) Liquidity Providers: 1,500 RECAP token for RECAP-ZIL pool per Epoch distributed every week.

Thank you for your contribution and participation in beta phase of buzzernepal – and welcome of Testnet phase.

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Tokenomics of Review Capital explains how the tokens are distributed and utilized across all applications governed by Review Capital. 

Review Capital operates in two token system:   

a) Governance token called RECAP. Accepted for governance, grants, liquidity rewards and ads budget.  

b) Utility token. Accepted for news/ads submission fee, appeal fee, validators fee. 

RECAP Token 

RECAP token is a governance token of the whole ecosystem with max supply of 11,000,000. Every week 10,000 RECAP tokens will be minted. 

Utility Token 

This will be a new utility token of the whole ecosystem with mint and burn mechanism in supply. Every week tokens are minted based on number of submitted articles, Trust Score of articles and Profile Score of validators to avoid minting unnecessary tokens. Every week max 10,000 utility tokens will be minted. 

Read in details here.

Benefits of Dual Token System 

Review Capital has plans of expanding into news portal of multiple countries and niche categories. With this two tokens system, the network can stabilize and extremely scale for supporting future addition of news portals. 

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