By XanderC Rally is a platform for Content Creators and their Communities! It allows them to build their own independent Digital Economy around their personalised Creator Coin. Awesome communities get
together and create a friendly environment.
The benefits of having a Creator Coin are great specially for the community as a whole.
For example Rally alocates 50.000 Tokens to the Creator for start and depending on their community size and influence they set it at a low starting price and then every person ( Supporter ) that buys or earns the Creator Coin they will then be part of the Token Economy and they will own a percentage of the total supply giving him that percentage of the Rally Rewards that comes every week for that specific Creator Coin.
Unlike other Big Platforms where Content Creators can get their own Token, Rally doesn’t have FEES or changing rules.
You can use the the Coin to reward activity community members from Discord / Twitch and more platforms where you are creating content. Regulatory Overview
"The value of a creator's Coin is not an investment!
Supporters and followers of the Creator purchase the coins for very different purposes.
Coins are used to power the digital economies of creators as cryptocurrencies used to tip and pay for services, merch, special content, or other benefits offered by the creators who launch them, and also as digital tokens to provide intrinsic value to holders by giving them exclusive engagement opportunities with their creators - like a digital fan club.
Purchasing them and holding them passively as investments does not fulfill the purpose or promise of a creator's Coin. "
Recently Rally has updated their Rewards system to help the active Creators keep up with their supporters and helping the platform.
How do I earn Rally Rewards?
Rally Rewards are calculated in two different steps:
1. Coin Economy Reward Calculation: the amount of weekly $RLY rewards a Coin economy earns
2. Individual Wallet Calculation: an individual’s share of a Coin economy’s weekly $RLY rewards
Step 1: Coin Economy Reward Calculation
Eligible Coins will earn rewards, and the amount of rewards per Coin will be calculated based on the square root of the coin’s RLY backing divided by the sum of the square root of each coin’s RLY backing.
Step 2: Individual Wallet Calculation
After that initial determination of total reward amount for a given Coin, individual rewards will be assigned based on the percentage of Coin holdings on a daily basis. This is unchanged from the current system.
For example, if $X Coin has earned 100 $RLY for that day and you own 20% of the total circulating supply of $X Coin, you would receive 20 $RLY for that day.
When are Rally Rewards claimable?
Currently Rally Rewards will be claimable every week on Monday mornings PST. Eventually, as part of completing the rollout of Rewards V3, Rewards will be made claimable every day. There is currently no anticipated rollout date for daily distributions but we will notify the community ahead of the changes going live.
If you see the claim button grayed out or with a progress gradient, that means you are currently accumulating rewards and they are not claimable at the moment. There is a countdown timer to indicate how much time there is remaining until you can claim your rewards. See example below:
Here is the Founder of Rally explaining a bit more about the Platform and its Benefits!
If you haven’t joined Rally yet please do some research on it and if you decide to join and start collecting some Creator Coins don’t hesitate to join our Discord and maybe we can help you with more info regarding this
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