Redemption is a de-fi platform to help you earn money with crypto staking, lottery, Premium bonds, and trading. We aim to decentralize the modes of earning to let you make money in quick and easier ways.
The entire project consists of two vital components:
1. Redemption Decentralized Platform/ DApp
2. Redemption Token (RDTN)
Redemption DApp lets you earn money by using Redemption Token with the following investment opportunities.
1. Staking
2. Lottery
3. Crypto Bonds
4. Trading
Keppel Ltd. 1Q 2024 Business Update Presentation Slides
Redemption Token Whitepaper.pdf
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2. Redemption Token (RDTN)
Redemption Platform
ABSTRACT 3
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PROBLEM STATEMENT
OUR SOLUTION
HOW TO MINT MONEY WITH REDEMPTION?
Staking Pool Durations
Types of Staking Pools
How To Earn With Staking?
STAKING
Benefits of Decentralized Lottery
How Does the Redemption Lottery Work?
Multiple Digit Lotteries (Highest Winning Chances)
High Probability to Win
How To Play Lottery?
LOTTERY
Redemption Bonds Denominations
How Are Redemption Bonds Risk-Free?
The Holding Periods
Redemption Bonds Prizes & Lucky Draw Periods
Bond Serial Number
Understanding Important Terms
Bonds Issuing, Locking & Lucky Draw Dates
Why Redemption Bonds?
REDEMPTION BONDS
Redemption Token Design
TOKENOMICS
REDEMPTION TOKENOMICS
REDEMPTION BUSINESS MODEL
REDEMPTION ROAD MAP
WHY REDEMPTION TOKEN?
DECENTRALIZED AUTONOMOUS
ORGANIZATION (DAO)
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3. Door To Financial Freedom With Staking,
Bonds & Lottery
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Redemption is a decentralized finance platform for crypto-powered savings, staking,
and lottery to let you earn with no limitations. The main aim is to decentralize the modes
of earnings and let you make money in quick and easier ways.
Designed on deflationary economics, token supply will diminish over time through the
burn and buyback mechanisms.
Redemption also acts as a governance token and gives voting rights to its holders in our
governance model proportionate to their holding. Being a decentralized project
constituted of DAO, every token holder has the right to vote on any proposal. So you are
not only earning with Redemption tokens but you can also play a crucial role in its
management.
The redemption project consists of two vital components that are entwined together:
Earn Through Low Risk & Secure DeFi Instruments
Redemption Token (RDTN)
Redemption Decentralized Platform/ DApp
4. 4
Redemption token is a Layer-2, ERC-20 Type, “Utility Token”. Harnessing its usability
from the Ethereum blockchain, the Redemption token is an essential token used on the
Redemption platform by any user to participate in a decentralized lottery, staking, and
holding crypto bonds named Redemption Bonds.
Redemption is also a “Governance token” and constitutes a central place in Redemption
DAO, granting proportionate voting rights to its holders.
Redemption tokens can be bought from Uniswap Exchange and held in any decentralized
crypto wallet. You can “HODL” the coin or invest in our Defi instruments or trade through
various liquidity pools in decentralized exchanges.
The redemption token is designed on deflationary economics. It has a fixed supply and
utilizes burn and buyback mechanisms to ultimately reduce its circulating supply over a
period of time leading to an increased token price.
Redemption is a De-Fi platform that lets its users earn with various investment
options. You can make passive income in multiple ways on Redemption DApp running
on the Ethereum blockchain. These modes of earning include, but are not limited to:
In second phase of the project, Redemption will also offer following products:
The entire system is perfectly decentralized and works on smart contracts using
blockchain technology, making it completely transparent without any risks of fraud.
Staking
Lottery
Crypto Lending
NFT Marketplace
Redemption Bonds (Crypto Bonds)
Trading
5. 5
It is often considered hard to make money through profitable investments and people
spend years getting stable and long-term streams of income. Cryptocurrency
revolutionized the world and provided people with the opportunity to earn quickly.
However, a lot of people still believe that earning with cryptocurrency either requires a
high level of expertise or you need heavy capital to begin in the first place. While both of
these things are true in one way or another, Redemption has a solution for you.
Redemption lets you earn financial freedom even if you don’t know anything about the
crypto world or don’t have hundreds of thousands of dollars. The best part about the entire
thing is that you don’t have to wait for years to get your rewards. It’s just a matter of
months, weeks, and even days in some cases.
Why Redemption Started?
Redemption offers a mix of secure and profitable investment instruments to grow your
financial holdings. Redemption smart contract is written in a way that it offers very
aggressive and positive price actions on its token because of its utility in our powerful
investment schemes. Since Redemption is a utility token, there will always be more
demand pressure on the token in the liquidity pools, since more people want to HODL
the token through our staking and Redemption bonds.
Since the Redemption token is a Governance token as well, it gives voting rights to its
HODLERS. Token holders can gain more voting rights and management stakes to steer
the project in a suitable direction by increasing their holding in the token.
Redemption’s Solution
6. 6
Print Money with Your Redemption Tokens (RDMN). Just Stake your Redemption
tokens in our staking pools for a fixed period (e.g. 1, 3, 6, and 12 months) to earn
rewards at higher APR with low risk. Stake your Redemption tokens and get stress-free.
Like you, a pool of investors contributes to increasing your tokens’ worth many times
fold. Plus, earn more money with a lucrative APR.
Hit a jackpot with our smart contract-based lottery that gives you a chance to win huge
redemption prizes. Start with as low as ~10 USD in Redemption and win millions.
REDEMPTION smart contract draws a random number to determine the winners of
each prize pool.Match the winning lottery number with your tickets. If they match, you
will win.
Redemption offers a crypto-powered savings protocol comprising Premium Bonds. Earn
with a risk-free model, keep your principal amount secure and win prizes on your crypto
bonds. Save money and have a chance to win every week.
Redemption offers 3 Easy investment approaches to earn unlimited money. But the
question is how does each approach work? From low to no-risk investment
opportunities, we have described each one in detail so you know how to make money
fast and easily
7. 7
Redemption offers fixed-period staking pools. These staking pools are used to
incentivize the blocking of redemption tokens by giving rewards to you for participating
in these pools.
This is a perfectly automated system that manages rewards with weighted averages that
not only take into account the time during which the tokens have been allocated in the
pool but also consider the total amount of tokens paid in.
The staking period is fixed at the creation of each pool which blocks the token’s sale in
the pool's smart contract. Once the staking period ends, the reward in tokens is
distributed, according to the weighted average system. The accrued reward can be
requested directly via the smart contract function which is connected to the web app
GUI.
Redemption offers multiple staking periods. The longer the period is, the better the
rewards are. Here are the available staking periods.
Earn Rewards Holding Redemption Tokens
Short Term Staking Period (1 Month)
Medium Term Staking Period (3 Months and 6 Months)
Long Term Staking Period (1 Year, 2 years, and 3 Years)
8. 8
Create your wallet and connect it with our Redemption token.
Buy Redemption Tokens from Liquidity Pools via your Wallet
Lock Your tokens in any fixed period staking pool on our dapp to earn the desired
APR on your token. Each staking period also highlights the reward (APR) you will be
getting at the end of the period. The longer you stay, the better rewards you get.
Hence, choose accordingly.
Automatically get your reward on the maturity of the staking period.
You will get your principal tokens (i.e., your original investment) as well as reward
tokens in Your Wallet (depending on your staking period).
Cash-out or Start again to earn more.
Redemption will initially offer 2 different kinds of Staking Pools based on the asset type
staked and the rewards earned through them.
Bullish investors, who believe the coin will boost its value, can get their rewards in the
form of more Redemption tokens.
Stake Redemption and Earn Redemption
Bearish investors, fearing the drop of price in tokens, can get their rewards in USDT
instead of Redemption tokens.
Stake Redemption and Earn USDT
9. 9
Unlike traditional lotteries, the Redemption lottery will run on a blockchain-based smart
contract. The best thing about switching to a blockchain for a customer is the reliability,
security, and transparency of the system.
In simple terms, what it means is that you do not have to trust any neutral third party
(the “house”) to organize the game. The best part about this system is that all the rules
of the game are predefined in the form of a smart contract.
Lottery Specs
100% Decentralized Lottery & Prize Pools
All the rules are predefined and are automatically executed, so there is no
chance of cheating.
As the system is running on blockchain, no one can tamper with the rules.
(NOT even the developer).
No one can disappear with your money.
There is complete transparency in the competition rules because the rules are
written on a smart contract and allow you to see the rules.
There is no overall limit to the number of lottery tickets you can purchase.
Each ticket has random combinations of digits between 0-9 numerical numbers.
For security and randomness of a matching number for the winning ticket, the
Redemption lottery utilizes Chainlink's implementation of a Verifiable Random
Function (VRF).
Multiple lottery pools with multiple winning prize brackets to get the highest chances
of winning.
10. 1 Digit Prize Pool (Only 1 Winner)
2 Digit Prize Pool (Max 10 Winners)
3 Digit Prize Pool (Max 10 Winners)
4 Digit Prize Pool (Max 109 Winners)
5 Digit Prize Pool (Max 109 Winners)
Redemption offers a total of 5 different types of lottery pools. These include
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Each Pool can have multiple winners except the 1 Digit Match pool. Hence,
Redemption lottery has the highest chances of winning for any participant. Here are
the details of all Lottery pools.
8 Times
Investment
89 Times
Investment
899 Times
Investment
8999 Times
Investment
89999 Times
Investment
1
2
3
4
5
$100
$50
$20
$10
$5
Every Day
Every Day
Every Week
Every
Fortnight
Every
Fortnight
30-31
30-31
4
2
2
9
99
999
9999
99999
$810
$4,455
$17,982
$89,991
$449,996
$90
$495
$1,998
$9,999
$50,000
In Case of Max Sale
Reward
Scale
in Max Sale
Matching
Digits to win
lottery's 1st
Prize
Price
per
ticket
Lucky Draw
Happens
No. of Lucky
Draws
Per Month
Max no of
tickets that
can be sold
Max Prize Total Fee
Collection
Total 68-70 $563,234 $62,582
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From single to 5 Digit match lotteries, multiple lottery pools with multiple winning prize
brackets significantly increase your chances of winning a lottery. Here is your probability
of winning in each Lottery pool.
Probability to Win
1 Digit Pool
2 Digit Pool
3 Digit Pool
4 Digit Pool
5 Digit Pool
1 Digit
Match
2 Digit
Match
3 Digit
Match
4 Digit
Match
5 Digit
Match
Overall
Probability
1/9
9/99
No Reward
No Reward
No Reward
N/A
1/99
9/999
99/9999
No Reward
N/A
N/A
1/999
9/9999
99/99999
N/A
N/A
N/A
1/9999
9/9999
N/A
N/A
N/A
N/A
1/99999
1/9
10/99
10/999
109/9999
109/99999
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1 Digit Pool
2 Digit Pool
3 Digit Pool
4 Digit Pool
5 Digit Pool
a.
b.
c.
d .
1 Digit Match
Winner
2 Digit Match
Winner
3 Digit Match
Winner
4 Digit Match
Winner
5 Digit Match
Winner
Pool Type
100%
30%
0%
0%
0%
N/A
70%
30%
10%
0%
N/A
N/A
70%
20%
10%
N/A
N/A
N/A
70%
20%
N/A
N/A
N/A
N/A
70%
If in case, a lottery round is not won by any participant or there is no winner in one or
more prize brackets, some portion of the prize money is carried forward to the next
round and the rest is collected as a dividend for the token holders. The distribution of
this prize money is utilized as under:
50% of the un-won round’s prize amount is carried forward to the next pool
25% of the un-won round’s prize amount is shared as a dividend with all
eligible token holders
20% of the un-won round’s prize amount is moved into the Redemption Bonds
Prize Pool.
5% of the un-won round’s prize amount will be used for Token Burn
The amount of tokens collected through lottery tickets in a given lottery is
managed as follows:
10% goes to the fees for ecosystem development.
90% of the collected value is the eligible distribution prize, which will be divided
among the different winning brackets as follows:
13. Once the timer ends, the VRF will generate an X-digit random winning number
depending on the type of pool you have participated in. For this example, we assume
that you have participated in a 5-Digit Lottery Pool.
Hence, the VRF will generate a 5-digit random winning number.
Match your lottery ticket number to the winning number from left to right. Let’s say
the winning number is:
and your ticket number is:
In this case, the first 3 numbers of your lottery ticket match the winning number in the
same order. Even though your last digit also matches the winning number in the
same order, as the 4th one does not match, you would win a "Match first 3" prize.
Keeping the winning number the same as above, let’s say your ticket number is
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1 3 6 2 7
1 3 6 2 7
4 3 6 1 7
Lottery draws require randomness to create unpredictable, fair, and tamper-proof
drawings and distribution of the rewards.
Redemption utilizes Chainlink’s Verifiable Random Function (VRF) service for
generating randomness of a matching number for the winning ticket to guarantee fair
and auditable rewards distribution and user engagement.
14. In this case, you do not fall in any winning bracket despite that the last 4 digits on
your lottery ticket match with the winning number in the same manner. But as we
have to match the number from left to right, this ticket isn’t eligible for any prize.
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Here’s a BONUS point: Each lucky draw can have multiple winners. When there is
only a single winner, that person will take all the prize money. But in the case of multiple
winners, the prize money will be divided according to the number of winners and the
prize brackets they fall in.
15. Buy Redemption Tokens from Liquidity Pools via your Wallet
Use Redemption Tokens to buy Lottery Tickets. You can buy up to unlimited tickets
to increase your chances of winning. Each Lottery ticket costs Redemption tokens
worth $5 to $100 depending on the type of pool you participate in.
Wait for the draw & check for prizes. The winning number is drawn through
Chainlink’s VRF Function.
Redeem winnings from Lottery & withdraw won REDEMPTION tokens to your wallet.
Cashout or start again to earn more.
Participate in a lottery to win and earn in a simple way. Here’s how it works.
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Redemption token offers to earn incentives on a crypto-powered saving protocol based
on Prize bonds, also called Premium bonds. The best thing about investing in bonds is
that it’s a RISK-FREE model. When we say “Risk-Free”, we really mean it. Your
investment is 100% secure.
Let us explain how.
You can deposit the Redemption tokens to acquire Redemption Bonds with a unique
serial number. What actually makes it a completely risk-free investment model is that
you can swap your Redemption Bonds at any given time for exactly the same dollar
denomination that you bought it for, through Redemption tokens. Hence, your principal
amount is secured.
Based on your assessment of Risk, Redemption offers full safety to your principal. A
token price may increase or decrease over a period of time. Based on your Bearish or
Bullish mood, you can choose one of the following.
You can get the Redemption bonds worth of (USD):
Please note, these bonds can only be bought via Redemption tokens at our dapp.
Win Through Savings
$100 Denomination (4 draws every month)
$500 Denomination (2 draws every month)
$1,000 Denomination (1 draw every month)
$10,000 Denomination (1 draw every 3 months)
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If you believe the token price will go up and want to earn profit with a price increase, you
can choose the number of deposited tokens as their principal.
Let’s say you purchased a 100 Denomination bond for 2,000 tokens at $0.05 per RDTN.
(100/0.05 = 2,000)
APR = 4% Annually (i.e. 1% after 3 months Maturity)
After maturity, you will get 2020 RDTN (i.e. Principal 2,000 + 25 RDTN as 1% APR).
They should be worth $101 at $0.05 Per RDTN.
But let’s say the token price increased to $0.07 per token at Maturity.
So your 2,020 tokens will now be worth $141.4 (i.e 2020*0.07), where $41.4 is your
profit.
Risk-averse investors, who think the token price may fall, can choose the USDT worth
as their principal amount. Though doing so will definitely make your principal 100%
secure, you will not be able to take advantage of the token price increase.
Let’s say you purchased a 100 Denomination bond for 2,000 tokens at $0.05 per RDTN.
(100/0.05 = 2,000)
APR = 4% Annually (i.e. 1% after 3 months Maturity)
After maturity, you should get 2020 RDTN (i.e. Principal 2,000 + 25 RDTN as 1% APR).
It should be worth $101 at $0.05 Per RDTN.
Let’s say the token price fell to $0.04 per token at Maturity.
So your 2,020 tokens will now be worth $80.8 (at $0.04 per RDTN)
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But as you chose USDT as your Principal, your principal is secured you will not suffer
any loss despite fall in price. Instead, you will get additional 505 tokens making a total of
2,525 tokens worth $101 (i.e, 2025*0.04).
Hence, you have not suffered any loss and got your profit despite the fall in token price.
However, if the price rises during your maturity, you will not gain any additional benefit
as you would have gained by choosing RDTN as your principal.
With multiple incentive programs, Redemption Bonds offer you huge & stable returns on
Investment even when you don’t win a prize. Not only is your original investment
secured, but you can also hold your Bond(s) to earn high returns via APR.
Once the holding period ends, you will be getting lucrative returns along with your
original investment (Principal amount). From 3 months to 1 year, you can buy your
Redemption Bonds with different maturity dates.
The best part is that you can SELL and ENCASH your bonds whenever you want. But
you will not get any profit if encashed before the completion of maturity.
In a nutshell, with Redemption Bonds, you can:
So grab this WIN-WIN opportunity to earn passive income along with the chance of
winning huge prizes. All this, when your original investment is 100% secured.
Keep your principal amount secure regardless of token market price
Get High APR by just holding the bond(s)
Win huge prizes that are 10X your Bond Worth.
Encash your Bond whenever you want.
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Prize Money $1,000 $5,000 $10,000 $100,000
Lucky Draw Happens Weekly Fortnightly Once a Month Once Every
3 Months
Number of Series/
Draws Per Month
4 2 1 0
Number of Series/
Draws Per Month
(4*3) = 12 (2*3) = 6 1
Bond Denomination $100 $500 $1,000 $10,000
Simply, higher prizes for higher denomination bonds.
All Series of same denomination bonds offer equal sized prizes.
(1*3) = 3
3 Months
6 Months
9 Months
12 Months
THE LONGER YOU HOLD, THE BETTER CHANCES OF WINNING YOU HAVE
AS YOU WILL AGAIN HAVE A CHANCE OF WINNING WITH THE SAME
BOND OF SAME SERIES IN THE NEXT MONTH. ALSO, THE LONGER YOU
HOLD, THE HIGHER THE APR YOU GET.
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serial number
The holder of this bond is entitled to receive on presentation, a
sum of Redemption Tokens worth 100 USD free of interest and in
addition, such prizes as may be won on this bond in accordance
with the rules framed by Redemption DApp
A100 6917
REDEMPTION BOND
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Every Redemption bond has a serial number on it that is the unique identity of every
bond.
In the example given above,
If your serial number matches the winning number drawn at the lucky draw, you win.
On your Bond, the serial number (used in the above example) will look like this:
(Bond Series) (Bond denomination) (4 digit serial Number)
(A) (100) (6917)
A100 6917
“A” depicts that it’s the Series A of the bond.
“100” states that it is a 100 Denomination Bond.
While the 4 digit number “6917” is actually the unique serial number.
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Issuing Date: Issuing date is the date from which the issuance of bonds for a particular
series of bonds starts. You can purchase your bonds from the issuing date till the
locking period starts.
Locking Period: Locking period is the time duration after issuance of bonds and before
the lucky draw during which the sale or transfer of a bond makes it ineligible for winning
the prize, even if its number is successfully drawn from a VRF function.
Note: The key difference between Locking and the holding period is that
during the locking period, you have to hold your bond till the lucky draw to
be eligible for the lucky draw prize. While in the case of a holding period,
you have to hold your bond from the date of issuance till the maturity date
of the bond to get APR.
Holding Period: The holding period is the time duration after the issuance of bonds and
before the maturity of the 3 to 12-month period (as chosen by the bondholder) during
which you have to hold your bond to get APR.
Lucky Draw Date: It is the date when the lucky draw happens and the winner gets the
reward. After this date, you can sell your bonds if you do not win.
Bonds Series: Series means the number of lucky draws happening in a particular time.
For instance, the Redemption bond of 100 Denomination has 4 series per month. It
means that there are 4 lucky draws every month While the Bond of 10,000 has 1 series
every 3 months. It means that there is 1 lucky draw every 3 months.
Each Redemption bond series is designed in a way that it has only one chance of being
in a lucky draw at a monthly scale. Smaller denomination bonds have a higher
frequency of lucky draws in any given month.
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Each Month, there are 4 lucky Draws of 100 Denomination bonds.
Note: Actual issuance period, locking and lucky draw dates will be published on the DApp for each series
of every denomination bond.
Let’s say today is 1st November, 2022. The bond has a Lucky Draw date of its first
series on 8th December, 2022. Then the last day to participate in that series is 5th
November.
After that, the bonds will be locked till Lucky Draw. But you can participate in the 2nd
series of bonds, which has a Lucky Draw on 15th December, 2022. In this case, the last
date to participate in this series is 12th November. After that, you can participate in the
next series and so on.
This way, you can purchase a bond and participate whenever you want.
A. $100 Denomination Bond
Each bond denomination will have multiple series that will have a different draw date
and a holding period eligibility. Every bond has a locking period after which you cannot
participate in that series lucky draw. But you can participate in the next series draw.
Holding period is smaller for smaller denomination bonds and higher for higher denomi-
nation bonds.
Issuing Period 1st to 5th day of
every Month
6th to 12th day of
every Month
13th to 19th day of
every Month
20th to 26th day of
every Month
Locking Date 5th of every
Month
12th of every
Month
19th of every
Month
26th of every
Month
Lucky Draw Date 8th of the
Following Month
15th of the
Following Month
22nd of the
Following Month
30th of the
Following Month
Series Series A Series B Series C Series D
23. 23
B. $500 Denomination Bond
Issuing Period 1st to 15th Day of Every Month 16th to 30th Day of Every Month
Locking Date 15th Day of a month 30th Day of a Month
Lucky Draw Date 15th Day of the following month 30th of Following Month
Series Series A Series B
Note: Actual issuance period, locking and lucky draw dates will be published on the DApp for each series
of every denomination bond.
C. $1,000 Denomination Bond
Issuing Period 1st to 30th Day of Every Month
Locking Date 30th Day of a month
Lucky Draw Date 30th Day of the Following Month
Series Series A
Note: Actual issuance period, locking and lucky draw dates will be published on the DApp for each series
of every denomination bond.
The process remains the same when you purchase Bonds of $500, $1,000, &
10,000 but the locking date and Lucky Draw date change as follows:
24. 24
D. $10,000 Denomination Bond
Issuing Period 1st 1 and a Half Month of the Quarter (before the start of locking period)
Locking Date 45 Days before Lucky draw Date
Lucky Draw Date 30th Day of every third Month
Series Series A
Note: Actual issuance period, locking and lucky draw dates will be published on the DApp for each series
of every denomination bond.
25. 25
Note: For every Bond transaction, 1% fee will be charged by Redemption DApp, which is over and above
the transaction. For instance, on a purchase of a $100 Redemption bond, you will be paying $101.
But there's good news. If you hold your bond for 3 months, you will not have to pay any fee on selling it.
Besides that, the 1% fee you paid when purchasing the bond, will also be returned into your wallet.
Here are a few things that make investments in Redemption Bonds the best investment
ever.
Redemption Prize draws are 100% transparent with no involvement of any person
because it works on a smart contract.
Even when you don’t win, you can earn fixed APR by simply holding your bonds for a
specified period of time.
You are the owner of your deposited funds at any given time and no other person in
the world can access your funds. Redemption is non-custodial. It means that you can
redeem your money whenever you want.
The entire code of the smart contract is open-source. You can read and verify the
contract anytime to see how the entire system is automatically working.
Being a decentralized system means that it’s user-owned and user-driven. The more
tokens you have, the more power you have over the system to suggest any changes
to it.
Buy Redemption Tokens From Liquidity Pools via your Wallet.
Use Redemption Tokens to buy Redemption Bonds. You can buy up to unlimited
bonds to increase your chances of winning.
Participate in Different denomination bonds with lucky draws at pre-defined periods
every week and month
Wait for the draw & check for prizes. The winning number is drawn through
Chainlink’s VRF Function.
Redeem winnings from Bonds & withdraw won REDEMPTION tokens to your wallet
Cashout or start again to earn more.
26. 26
Bond Lucky draws require randomness to create unpredictable, fair, and tamper proof
drawings and distribution of the rewards.
Like lottery, Redemption utilizes Chainlink’s Verifiable Random Function (VRF) service
in Bonds for generating randomness of a matching number for the winning ticket to
guarantee fair and auditable rewards distribution and user engagement.
Generating new tokens and increasing the supply to pay Prizes and interest on
Redemption bonds would ultimately lead to a decrease in token value, which is
neither desirable nor sustainable. So how does the Redemption earn money to pay
its Bondholders? Here are a few sources:
The purpose of creating a separate bond pool is to avoid the negative impact on the
token price when USDTs are purchased from the pool for investment purposes.
Meanwhile, the tokens you provided to purchase the Bonds are locked and made
non-transferable and can only be returned to you when you want to sell your bond.
As not all lottery rounds are won nor do all the prize brackets have a winner every
time. So 20% of every unwon round’s prize is collected to pay the redemption Bond-
holders.
Every Bond transaction has a 1% fee on it. When accumulated on a monthly scale
for all bond sales, this is a huge amount. So the collected fee also helps generate
revenue to pay interest and prizes on Bonds.
Redemption has created a separate pool for Bonds where you can purchase your
bond. The pool consists of a specific amount of Redemption tokens and the USDTs
provided by the users looking to buy these bonds. Redemption tokens used to
purchase the Bond are locked and made non-transferable and can only be returned
to the same user when they sell their bond back in the pool. The user gets
Redemption tokens which can be sold on a dex.
The USDTs provided by the user are actually invested in various investment
opportunities and the returns of those investments generate a substantial profit that
is distributed among the bondholders.
27. 27
Redemption believes in decentralization. Its governance (decision-making body)
is a DAO (Decentralized Autonomous Organization) control structure consisting
of tokenholders. The redemption token acts as a Governance token which gives
the voting rights to its holders.
Token holders can create new proposals or vote on the existing proposals,
created by someone else. Let’s say someone wants to introduce new integrations
to the project for a better performance of the project. All other token holders will
get this proposal and each token holder has to vote on the proposal. If a total of
51% votes favor a decision, that decision is final.
Hence, the voting power of each token holder is directly proportional to the
number of tokens possessed by that holder. So the more tokens you possess, the
more voting power you have.
Redemption has a dedicated forum where users can express their opinions,
suggestions, and ideas for the betterment of the project.
You need to have at least 100,000 tokens to be eligible for creating new proposals. But
you have a voting right even if you possess 1 token.
Note: Some proposals for suggested changes may be subject to a technical/legal
feasibility study before the actual implementation of such changes.
Eligibility to Create New Proposals
28. 28
Redemption token has been designed on “Deflationary Economic Model”. Token
specifications are summarized below:
Layer 2 token based on Ethereum Blockchain
ERC-20 token
Utility Token
Governance Token (that lets you vote)
Redemption is Non mintable (Fixed Total Supply is 1 Billion Tokens)
Non Pausable: Redemption trading can not be halted in any case.
Burnable: Redemption token can be burned by any user.
Deflationary Token: Every transaction charges a 0.5% burn and buyback fee to
diminish the circulating supply.
Dividend Token: Dividend rewards for token HODLERS. One must hold at least
100,000 Redemption tokens for dividend eligibility. Dividend is transferred automati-
cally. No manual claim is required. Every transaction charges a 0.5% dividend fee
that is collected in a dividend wallet.
a. HODLERS keep the token for positive price action over time.
b. Active trading at exchanges
c. Governance Token to increase your voting rights and proposal generation to play
your part in the project direction and future.
d. Stake the token to earn passively in Redemption token or USDT or at later stages
in valuable commodities such as Gold and Silver.
e. Participate In Lottery, managed at Redemption platform for earning huge rewards
f. Hold Redemption Bonds to win prizes and earn passively. Redemption bonds offer
complete original capital security.
g. In the second phase of the project, use Redemption token as a collateral for
lending other cryptos.
h. In the second phase of the project, use Redemption tokens to buy NFTs.
Redemption token has following utility for its users
29. 29
They are allocated as shown in the chart below:
Token Info Ticker:
Name: REDEMPTION
Maximum token supply: 1B
Decimals: 8
30. 30
Community/Public
Sale
30% 300,000,000 $0.0190 100% at TGE
Seed & Private
Funding
2% 20,000,000 $0.0150 50% at TGE, 50%
weekly Linear Vesting
over 6 months
Rewards 20% 200,000,000 - Address
Publically
Treasury 15% 150,000,000 - 5% at TGE, 95%
at Monthly Linear
Vesting
for 3 Years
Total 1,000,000,000
Tokens Price Vesting
Team & Advisors 10% 100,000,000 -
0% at TGE, 12 months
Cliff. 20% after 12 month
TGE. 80% Monthly
Linear Vesting for 4
years
Liquidity 18% 180,000,000 - 25% at TGE, 75%
at monthly Linear
Vesting for
3 Years
Marketing 5% 50,000,000 - 25% at TGE, 75% at Weekly
Linear Vesting for 1 year
31. 10% commission on every lottery ticket sale.
25% value of the UnWon Lottery round is distributed as a dividend among the
eligible token holders. For eligibility of getting dividend one must hold 100,000
(hundred thousand) Redemption Tokens.
5% value of the unwon Lottery round is used to Burn the tokens to diminish the
supply.
20% value of the unwon Lottery round is sent to the rewards wallet for Prize bonds
holders
1.5% fee on every Redemption bond transaction. Fee will be waived off/returned
back if bonds are held for more than 3 months consecutively
0.5% fee on every Redemption transfer is used to Burn Redemption tokens
0.5% fee on every Redemption transfer is charged for Dividend distribution.
Phase 2 of Redemption protocol will also offer Loans through a decentralized loan
platform based on Aave protocol. Funds collected through Bonds will be utilized for
Cash supply against loan requests.
Phase 3 of Redemption Protocol will sell NFTs through a Redemption marketplace.
Marketplace will sell NFTs minted by Redemption and will charge fees from
independent sellers and buyers as well.
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For smooth working of system and sustainable growth, Redemption has following
revenue sources:
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Concept generation
Team Assembling
(Solidity Developers,
Front End Developers,
Marketers)
Staking Smart
Contract Audit
Launch Staking dApp
Lottery Smart Contract
Audit
Launch Token on
Centralized Exchanges
Lending Smart Contract
Audit
Launch Lending dApp
Add metal
commodities (Gold &
Silver) for rewards
with Staking
Starting Lending
Smart Contract &
dApp Development
Starting NFT
Marketplace
Development
Redemption Bonds
Smart Contract Audit
Launch Redemption
Bonds
Launch NFT
MarketPlace
Web Development &
Whitepaper
Marketing Research
Token Design &
Tokenomics
Finalization 2022
Quarter 3
2022
Quarter 4
2023
Quarter 1
2023
Quarter 2
Redemption Token
Creation
Token Smart Contract
Audit
Private Sale
Pre Sale Event
Public Offering
Launch Token On Dex
DAO Creation
Staking Smart
Contract & dApp
Development
Lottery Smart Contract
& dApp Development
Launch Lottery dApp
Starting Bonds Smart
Contract & dApp
Development
Product Development
33. APR is everything when talking about token staking. The higher the APR is, the higher
your earnings are. Hence, redemption provides you with a decent APR to boost your
earnings.
On Redemption, everything is decentralized. Be it staking, lottery, or bonds. There is
neither any central authority nor do you have to trust someone with your cash. The
tokens are always in your hand, providing you with the security of your funds.
That may seem counterintuitive but that’s actually true. Redemption offers you an
investment opportunity where you can actually earn while saving your money. All you
have to do is simply either stake your money or invest in bonds. Your principal amount
remains secure while letting you earn rewards over and above your principal amount.
Being a decentralized platform, everything works automatically as per the smart
contracts giving you a transparent system to invest your hard-earned cash. From lottery
winner selection to calculating your rewards on staking, the smart contract does
everything for you.
The goal of coming up with these investment ideas is to get financial freedom. Let your
savings be a source of your earnings and multiply your savings many times fold with
Redemption.
While the lottery can make you rich overnight, you can also earn stable streams of
income by either staking your money or investing it in Redemption Bonds.
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