Sergiu Fala Starting the Ecosystem
Table of contents
- 1. Conceptual Architecture of REMAP
- 2. Technical Architecture Concept
- 3. REMAP Ecosystem Governance
- 4. Tokenomics
- 5. REMAP Token-Economic Design
- 6. REMAP Coin (RMC)
- 7. Starting the Ecosystem
- 8. Technology Stacks: Identity and Access Control in REMAP
- 9. Technology Stacks: Applications of REMAP - Modules and Interactions
- 10. Technology Stacks: Cosmos-Specific REMAP Architecture
Starting the Ecosystem
As already mentioned, the launch of the REMAP ecosystem consists of three different phases: The Pre-Hatch Phase, the Hatch Phase and the Open Phase. Each of these phases play a crucial role in setting up a stable token economy, including different pricing stages of the RMC. While the Pre-Hatch Phase sets the groundwork, involving key internal stakeholders and defining initial conditions, it also includes the minting of the first RMCs. The Hatch-Phase establishes the initial market dynamics of the RMC and represents a transition from this internally focused stage to a stage where early external investors can participate. As REMAP goes into the full operational phase, the Open Phase can be considered the public platform launch.
Pre-Hatch Phase
The Pre-Hatch Phase represents the birth of the REMAP ecosystem. This preliminary phase is dedicated to the validation of the very first block of the ecosystem, the so-called genesis block. Within this crucial phase, the initial minting of the REMAP RMCs takes place. Access to the PreHatch Phase is exclusively reserved for REMAP’s core internal stakeholders. These stakeholders are not just early adopters but are also crucial contributors to the project, playing integral roles in its design, development, and potential success. Their involvement during this phase not only strengthens the foundation of the REMAP ecosystem but also serves as an endorsement. One of the critical objectives of the Pre-Hatch Phase is to set a price for the RMCs, which establishes a benchmark for the upcoming Hatch Phase. The initial pricing is crucial as it offers a reference point that can be used to include the ABC mechanism. Kicking off with the Pre-Hatch Phase provides a variety of advantages for all stakeholders:
- REMAP Core Team: Having a phase for internal stakeholders allows the REMAP team to test the waters, refine processes, and ensure the system is robust and ready for broader participation.
- Early Investors: The initial price set during the Pre-Hatch Phase offers early investors a clear entry point, backed by the confidence and participation of the core team, ensuring a level of trustworthiness and commitment to the project’s vision.
- Future Users and Developers: Due to the commitment and active participation of internal stakeholders during the Pre-Hatch Phase, it serves as an assurance that the platform is built on strong foundations and has the commitment of its creators.
- REMAP ecosystem as a whole: Starting with a well-defined Pre-Hatch Phase ensures a structured and transparent start of the platform. This builds the groundwork for upcoming stages and establishes a pattern for a methodical, equitable, and inclusive allocation of RMCs. This approach supports transparency, trust, and community engagement right from the beginning of the ecosystem’s launch.
Hatch Phase (Private Sale)
The Hatch Phase is the initial or private sale phase, which serves as the starting point for the expansion of the REMAP ecosystem. During this phase selected early investors or “Hatchers” contribute capital to the ecosystem. These Hatchers are often those who are deeply involved with the project or have a high stake in the success of the ecosystem. The capital collected in this phase is allocated across various components of the ecosystem such as the Reserve Pool and the Funding Pool. In exchange for their contributions, Hatchers receive an initial distribution of RMCs, that is calculated via the corresponding function of the bonding curve. These RMCs are initially locked and undergo a vesting period to ensure a long-term commitment to the project. Therefore, ”Hatchers” receive the advantage of gaining influential roles within the project development and decision-making, while encouraging the growth of the ecosystem in a very early stage.
| Feature | Benefits for Stakeholders |
|---|---|
| One coin for all activities within the ecosystem | – A universal means of value exchange – Access to all modules. – Participation in governance. – Unified and simplified transactions throughout the ecosystem. |
| A mechanism ensuring RMC liquidity and price stability, adopting ABC mathematical logic | – Continuous currency liquidity. – Automatic balance of supply and demand. – Protection against price manipulation. – Promotes increased investor confidence and trust due to its transparent operation |
| Initial vesting plan | – Incentives for long-term RMC holding and commitment. – Fosters RMC’s long-term price stability. – Promotes early adopters sustained participation in the ecosystem and deters speculative trading |
| Distinct ramp-up phases for varied investor groups, including Pre Hatch and Hatch phases | – Inclusive participation for investors of all sizes from inception. – Suitability for different investment levels. – Versatile entry points for a range of investors. – Ensures broader ecosystem support and a more diverse investment base. |
Open Phase (Public Sale)
The Open Phase begins after the Hatch Phase has been completed and the initial allocation of RMCs has been vested. At this stage, the RMC becomes open to the public, and anyone can buy or sell RMCs directly through the bonding curve mechanism. This is a dynamic phase where the supply of the RMC changes in real-time based on the buying and selling activity happening on the bonding curve. During the Open Phase, all transactions (minting or repurchasinig of RMCs) contribute to the Reserve Pool, which stabilizes the REMAP RMC’s value and ensures continuous liquidity.
Together, the Hatch Phase and Open Phase form a strategy for the initial distribution and ongoing transaction of REMAP RMCs, ensuring a fair, inclusive, and stable coin economy. Summarizing the token-economic model, REMAP creates benefits for its stakeholders via a set of key features.
