Rakun platform aims to be a new ecosystem founded upon Games and Blockchain technology. Blockchain’s potential to change the world mimics the revolutionary impact of the Internet. However the extent of application for Blockchain technology has surrounded the price fluctuations of Bitcoin and other Cryptocurrencies, unfortunately leaving the general consumer without a sense of the applications of Blockchain technology. On the other hand, within the gaming world now exists non-convertible Digital Assets called Non Fungible Tokens (NFTs) which have quietly, but earnestly come to redefining how fundamental games and digital economies can function.
The first popular NFT which took the world by storm was the Cat collecting phenomenon, CryptoKitties1, which traded a single Cat NFT for a record high of $170,000 USD. It is blockchain’s ability to secure ownership of digital assets of such appraised high value that gives it uniqueness and the potential to largely change the behavior of forthcoming games and players alike.
The Rakun Platform is chiefly constructed with an Ethereum-based Private Blockchain and an existing server system. As technology continues to develop, we plan to investigate, develop, and advance the RAKUN system into a Public Chain.
The Crypt-Oink Diary will have information and impressions regarding Crypt-Oink published by Players for Players. As Users write, comment, or upvote on articles found in the Crypt-Oink Diary they can obtain RAKUN Token. The distribution of RAKUN Token via the evaluation logic of the RAKUN Reward System is described in a later section.
A feature where User’s can their RAKUN Token to other Users. If a User finds another User’s article interesting, or wishes to support that User, they can do by tipping RAKUN Token .
A store where Users can exchange their Rakun Token for Crypt-Oink Items.
Rakun Token is developed initially on the Ethereum blockchain, with utilization of its Smart Contracts and the ERC20 token standard. This section contains the flowcharts for the various Smart Contracts that are used by RAKUN Platform and explains how the Token Sale interacts with Smart Contracts and the Token Sale Platform. Nonetheless, RAKUN Token are in principle network-agnostic and may transfer to other networks subject to scalability requirements. Should this happen we will do a snapshot of the current token holder addresses, and will allocate the same number of tokens on the new chain.
Smart Contract Source Code
RAKUN Platform smart contracts are developed with Solidity version 0.4.24. They will be deployed on Ethereum mainnet (public network). The source code is available at https://github.com/RAKUNproject/Contract.
Token Smart Contract Audit
Token Smart Contract has been audited by LayerX Inc.13 and they said they were not able to detect necessary points that require immediate revision.
Objective of the RAKUN Reward System
The Rakun System aims to evaluate the conduct users take towards content and incentive them via Cryptoassets. In 2016 “Steemit”14launched a successful model where Cryptocurrency was distributed to users whom evaluated quality blog posts. We most certainly conceptualized our idea from this model, however we intend to actualize a more gamer-centric community, where conduct related to the posting of game related info is rewarded. Furthermore, we’re developing a ecosystem where such rewards can be levered to play games themselves.
Although there are many hurdles, we want it possible in the future for even gamer conduct, like that of unifying one’s community through an in-game guild, to become a target for evaluation and thus reward within the RAKUN Reward System.
“Temperature” which dictates fluctuations in circulation
RAKU adopts a “Temperature” System15 which is found in one’s Wallet offered by RAKUN. When you wish to deposit RAKU, lowering the “temperature” puts a restriction on the RAKU that can be withdrawn from the wallet.
Merit to long-term holders of the RAKU
While RAKU with a “low” temperature are held in the wallet and restricted from being withdrawn, users whom maintain this setting and keep RAKU in their wallet for a wallet for a long period of time have a chance to obtain more RAKU at a faster rate.
Awards distributed from Token Pool of Capital
During a fixed valuation period, evaluated scores acquired from submitting articles as well as evaluated scores acquired from evaluating (via comment or upvote) other’s articles, trigger distribution of RAKU from the Token Pool of Capital.
Nature of RAKU
On Rakun, Users who demonstrate large influence via contributing quality articles over a long period of time or assessing posted articles, bring forth the RAKU token.
RAKU is bestowed to users who perform quality conduct. Accordingly, the amount of RAKU in a user’s possession expressing the degree of quality behavior on the RAKUN system. Thus on RAKUN the more RAKU in one’s passion the more they are rewarded.
Stemming from negotiations with exchanges we foresee the possibility of RAKU being exchangeable for other cryptocurrencies in the future. It is also possible that the strength of RAKU expands, allowing it to be carried and purchasable in exchanges and furthermore brought into other platforms.
How does RAKU hold economic value?
In general, Ads are placed on Content Providers to serve as PR for products. Thus the anticipation is that an Ad being shown to many people will encourage the purchase and utilization of the advertised product. As result a Content Provider’s value is assessed by the capacity to retain multiple readers, and to display multiple ads. In the same vein, the worth of user behavior is merely assessed by how many ads they view and rather or not they purchase something downstream.
Risk Factors Includes
The purchase of tokens involves a high degree of risk, including but not limited to the risks described below. Before acquiring RAKUN tokens, it is recommended that each participant carefully weighs all the information and risks detailed in this whitepaper, and, specifically, the following risk factors.
Dependence on computer infrastructure
Our dependence on functioning software applications, computer hardware and the Internet implies that we can offer no assurances that a system failure would not adversely affect the use of the sale participants’ Rakun tokens.
Smart contract limitations
Smart contract technology is still in its early stages of development, and its application is of experimental nature. This may carry significant operational, technological, regulatory, reputational and financial risks.
Blockchain technology, including but not limited to the issue of tokens, may be a new concept in some jurisdictions, which may then apply existing laws or introduce new regulations regarding Blockchain technology-based applications, and such regulations may conflict with the current RAKUN smart contract setup and RAKUN token concept. This may result in the need to make substantial modifications to the smart contract, 53 including but not limited to its termination, the loss of RAKUN tokens, and the suspension or termination of all RAKUN token functions.
RAKUN token holders may be required to pay taxes associated with the transactions contemplated herein, whether in Japan or in their home countries. It will be a sole responsibility of RAKUN token holders to comply with the tax laws of Japan and other jurisdictions applicable to them and pay all relevant taxes.
Rakun performance may be interrupted, suspended or delayed due to force majeure circumstances. For the purposes of this whitepaper, force majeure shall mean extraordinary events and circumstances which could not reasonably be prevented by us and shall include: acts of nature, wars, armed conflicts, mass civil disorders, industrial actions, epidemics, lockouts, slowdowns, prolonged shortage or other failures of energy supplies or communication service, acts of municipal, state or federal governmental agencies, and other circumstances beyond our control and which were not in existence at the time of whitepaper release.
Kazuhisa Inoue Founder ＆ CEO Masaaki Hatamura Director ＆ Producer Jerome Coquard CTO Katsumori Matsushima Partner Shinto Teramoto Partner
This article is writing on 03 Feb 2020 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: firstname.lastname@example.org Or Whatsapp Us- +13098896258
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