⚙️Token Utility

The Repai system utilizes a utility token named Repai token, which is issued on the Binance Smart Chain network under the BEP-20 standard. More than just a reward or speculative asset, Repai tokens are designed to have real utility within the Repai ecosystem while maintaining long-term value. To achieve this, the Value-Utility Equilibrium Model (VUEM) is introduced.

The RepAI token plays a variety of roles in the Repai ecosystem

Multi-Burn Mechanism

To maintain the long-term value of the token, an automatic burn feature linked to platform activities is implemented through multiple channels. This includes burning a portion (30%) of in-platform transaction fees, burning small fees charged when major reputation events occur, and burning a portion (50%) of advertising and promotion revenue. This has the effect of increasing the scarcity of tokens as platform usage increases.

Dynamic Staking Rewards

Staking rewards are provided to encourage users to hold Repai tokens for the long term and participate in the ecosystem. In addition to the base Annualized Percentage Yield (APY), the rewards are dynamic and depend on the user's reputation score (up to 10% additional reward) and staking duration (up to 15% additional reward). This goes beyond simply locking up tokens and encourages both active participation in the community and reputation building.

Ecosystem Extension Utilities

Repai tokens are used as real-world utilities in various services within the Repai ecosystem.

DeFi Integration

Repai can be used as collateral to obtain loans or create synthetic assets, with more favorable terms for users with higher reputation.

NFT Marketplace

Used as a means of exchanging fees and value when issuing/trading unique reputation-based "reputation NFTs" or achievement badge NFTs.

API Access

Developers or third-party services that want to utilize Repai's reputation data API will need to pay a fee in RepAI tokens. This monetizes the value of reputation data and creates demand for Repai.

Metaverse integration

Repai tokens are required to visually display Repai reputation scores in virtual worlds or to access specific spaces/features, making Repai a key element of Web3 digital identity.