What is Planet token?

Planet token is a token created by RadixPlanet.com, the first and user-friendly Radix alt-tokens exchange, it's intended to be used in the future for some operations run by RadixPlanet.com, for example advertising and trading fees
Check the following URL for token info: Planet Token

What is the token tokenomics?

Planet token total supply is 100,000,000 PLANET, distributed as follows:

  • 30% (30,000,000 PLANET) will be distributed in airdrops, including:
    • Community airdrops, distributed priodically to randomly selected twitter users how as been actively participating in spreading the word through Radix community by re-tweeting, replying tn the official RadixPlanet twitter account's tweets (https://twitter.com/RadixPlanet)
    • Trading airdrops, distributed priodically to all users who has participated in trading through the website as market takers during the previous pre-specified timespan (typically one month) with total trades value equal to or exceeding 100 XRD, the more trading total value the user did, the more PLANET he receives
    • Planet validator node rewards, more info here
    • Liquidity mining rewards for traders for RadixPlanet pools
    • Other community airdrops, details to be made public later
  • 50% (50,000,000 PLANET) will be used to reward early supporters and market-makers on the website as follows:
    • Portion of this value to be distributed to a number of early market maker users who has been supporting the website since its start until the announcement of planet token as a loyalty reward
    • Pridically airdropping (typically each month) PLANET to market makers to reward them for their effort porpotionally to their atual trades values, the more trades values they did, the more PLANET they receive
    • Liquidity mining rewards for liquidity providers for RadixPlanet pools
  • 20% (20,000,000 PLANET) will be used to support the operations of this website (Development, Hosting, Marketing, etc.)

What is market maker and market taker?

Every trade occurs between two parties: the maker, whose order exists on the order book prior to the trade, and the taker, who places the order that matches (or "takes") the maker's order. Makers are named because their orders make the liquidity in a market. Takers are the ones who remove this liquidity by matching makers' orders with their own, thus Market makers are users who provide liquidity and depth to the market, by making buy orders (bids) and sell orders (offers / asks), so that the market taker can execute his order successfully by making an order with a price that matches an already existing bid or ask price.

When will the airdrops start

Priodical airdrops will start at 2022, May 1 as per the explained structure above, while other airdrops will occur before this date

What are the completed airdrops?

Below are the completed airdrops till now:

  • 2022-04-14 - Community gift airdrop, 100 $Planet sent to every address in the network with 10 or more $XRD balance
  • 2022-04-22 - Early supporters airdrop, for the time period scince the start of the website to 2022-04-12 with the following rates:
    • 10 $Planet per 1 XRD trade value as maker
    • 5 $Planet per 1 XRD trade value as taker
  • 2022-04-23 - Community gift airdrop, 100 $Planet sent to selective addresses on the network to raise awareness about the project
  • 2022-05-01 - Trading airdrop, for the time period from 2022-04-13 to 2022-04-30 with the following rates:
    • 2 $Planet per 1 XRD trade value as maker
    • 1 $Planet per 1 XRD trade value as taker
  • 2022-05-03 - RadderFlies NFT community airdrop with partnership with RadderFly NFT Project, each Radderfly holder received 10 $Planet
  • 2022-05-11 - Validator node staking airdrop - for the time period scince the first launch of the validator node at 2022-04-20 until shutting down the node for the first time at 2022-05-05 with the following rates:
    • 0.001 $Planet per 1 stacked XRD per Epoch
  • 2022-06-01 - Trading airdrop, for the time period from 2022-05-01 to 2022-05-31 with the following rates:
    • 1 $Planet per 1 XRD trade value as maker
    • 0.5 $Planet per 1 XRD trade value as taker
  • 2022-06-07 - RadFam NFT community airdrop with partnership with RadFam NFT project
  • 2022-07-02 - Trading airdrop, for the time period from 2022-06-01 to 2022-06-30 with the following rates:
    • 0.5 $Planet per 1 XRD trade value as maker
    • 0.2 $Planet per 1 XRD trade value as taker
  • 2022-07-02 - Validator node staking airdrop - for the time period scince the second launch of the validator node at 2022-06-08 to 2022-06-30 with the following rates:
    • 0.00003 $Planet per 1 stacked XRD per Epoch
  • 2022-08-01 - Trading airdrop, for the time period from 2022-07-01 to 2022-07-31 with the following rates:
    • 0.25 $Planet per 1 XRD trade value as maker
    • 0.1 $Planet per 1 XRD trade value as taker
  • 2022-08-01 - Validator node staking airdrop - for the time period from 2022-07-01 to 2022-07-31 with the following rates:
    • 0.00002 $Planet per 1 stacked XRD per Epoch
  • 2022-09-01 - Trading airdrop, for the time period from 2022-08-01 to 2022-08-31 with the following rates:
    • 0.25 $Planet per 1 XRD trade value as maker
    • 0.1 $Planet per 1 XRD trade value as taker
  • 2022-09-01 - Validator node staking airdrop - for the time period from 2022-08-01 to 2022-08-31 with the following rates:
    • 0.00002 $Planet per 1 stacked XRD per Epoch
  • 2022-09-01 - Liquidity mining rewards for the time period scince the launch of the AMM at 2022-07-28 to 2022-08-31 with the following rates:
    • Liquidity Providers: 1 $Planet per 1 XRD traded in the pool, total of ~516715.856230971 $Planet distributed to liquidity providers providing ~108431.863788949077535031 XRD in liquidity, and total liquidity for all tokens of equivalent to ~325295.591366847232605093 XRD
    • Traders: for each trade, 1 * Trade Value / Pair Size $Planet per 1 XRD is used to calculate trade reward, total of ~11684.76695552 $Planet distributed
  • Some other community airdrops through twitter and cooperation with other community projects