Blockchain has given the users the opportunity to form business models that can help benefit both the parties. Developing niche specific solutions and better use cases has been the purpose for blockchain from the start. Red Apple Games has seized the opportunity and has created an ecosystem that enables gamers to earn through a mechanism called “Mining with Entertainment”. Their aim is to change the gaming universe financially by bringing in new financial systems coupled with the brilliance of blockchain technology.
RedApple Games has introduced digital assets or “Tokens” solely for the purpose for distribution within the gaming community forming a unique token economy in the gaming universe. Gamers will be rewarded with RATs (Red Apple Tokens) based on their gaming performance and the hash power they gained that day. To make this financial system wider, the tokens are open for trade and for investors as well. The upside here is that the investors can also gain through an unusual yet rewarding consensus algorithm. Unlike bitcoin, RAT uses an algorithm called “Proof of Equity” in addition to the popular “Proof of Work”. In simple terms, the PoE (Proof of Equity) works like dividends of stocks but instead, Red Apple Games pays up to 90% profits to the token holders every week. The network welcomes traditional miners as well who contribute their hash power in the system to solve cryptographic puzzles for rewards. The gamers are also part of the mining ecosystem since they receive rewards within their games while contributing hash power. This hybrid mining system makes the network much more fascinating.
This blockchain-gaming ecosystem has another asset, RUSD, in their ecosystem. RUSDs are basically RedApple game points, used to participate in all games on RedApple. Additionally, these RUSDs are also stable coins that have 1:1 peg with USDT and USD which are tradable and can be traded for the exact same price of a USDT. The reserves of USD and USDT to maintain the 1:1 peg are audited periodically so that the balance is maintained while security and trust is retained.
Red Apple Games aimed to produce an ecosystem where collaboration is key, this is where blockchain comes into play. The transactions recorded on RAT’s chain are transparent, fair, and secure. They have introduced an Alpha Custodian Wallet platform in the ecosystem that is essentially a storage system for the digital assets. This wallet platform ensures full security since they keep 95% of their assets in cold storage. Storing digital assets in cold storage reduces the risk of any kind of online threats since they are kept offline in hardware. The main rule for claiming the equity and profits is to keep your tradable RATs in the Alpha Custodian Wallet. The vision of Alpha Custodian is to bring an environment for investors where they can trade and invest, while getting revenues and while participating in the entertainment industry.
Like bitcoin, RAT also has a limited number of tokens that will be created. Any asset that turns into a scarce commodity in the future is destined to boom if the fundamentals are strong enough. Given that Red Apple is able to revolutionize the gaming environment with their token economy, RAT is expected to bring huge returns for investors in addition to the profits given in terms of equity through the Proof of Equity algorithm.