Tokenomics
Referendum's token, Referendu (REF), fuels user participation and future value. Users earn REF for voting, while a limited total supply and buyback mechanism create a deflationary model.
Rewarding User Engagement
A significant portion of the total REF supply is allocated to a dedicated reward pool.
Users earn REF tokens simply by casting votes on referendums. This incentivizes active participation and fuels platform growth.
Additionally, survey creators receive a small reward per every vote, encouraging them to actively promote their referendums and drive user engagement.
Users earn REF tokens simply by casting votes on referendums. This incentivizes active participation and fuels platform growth.
Additionally, survey creators receive a small reward per every vote, encouraging them to actively promote their referendums and drive user engagement.
Flexible Use
Earned REF offers options: hold for potential appreciation, sell, buy NFT votes, or use strategically to promote their own referendums or amplify those they find important.
Dynamic Supply
When users spend REF tokens to promote referendums, they are not removed from circulation.
Instead, they are cycled back into the reward pool, fueling the system and maintaining a healthy level of user incentives. This creates a dynamic supply.
Instead, they are cycled back into the reward pool, fueling the system and maintaining a healthy level of user incentives. This creates a dynamic supply.
Potential Deflation
When users choose to withdraw their REF tokens for investment or other purposes (outside promoting referendums), these tokens are removed from the circulating supply.
This withdrawal behavior, combined with the limited total supply, creates the potential for a deflationary effect.
Over time, as more REF tokens are withdrawn, the total circulating supply decreases, which could lead to an increase in the value of each remaining REF token.
This withdrawal behavior, combined with the limited total supply, creates the potential for a deflationary effect.
Over time, as more REF tokens are withdrawn, the total circulating supply decreases, which could lead to an increase in the value of each remaining REF token.
In essence, Referendum's tokenomics model creates a win-win scenario
Users are rewarded for participation, and the platform benefits from a dynamic and engaged community. The potential for deflation further incentivizes long-term value for users who choose to hold onto their REF tokens.
Users are rewarded for participation, and the platform benefits from a dynamic and engaged community. The potential for deflation further incentivizes long-term value for users who choose to hold onto their REF tokens.
