Renegade Whitepaper
  • A word from the founder
  • The Challenges Facing Traditional Financial Markets
    • Financial Markets
  • Renegade - bridging the gap
    • Cryptocurrencies vs. traditional financial markets
    • Limited global availability
  • Mission
    • Accelerate the World’s Transition to Cryptocurrency
  • Vision
    • Cryptocurrency for everyone.
  • Future of the Internet - Web3
  • The challenges currently facing cryptocurrency exchanges
    • Insufficient compliance
    • Isolation from traditional banking
    • Trading fees
  • Issues with cryptocurrency wallets at present
    • Asset safety
  • Banking challenges with cryptocurrencies
    • Limited accessibility
  • Challenge Identification and Our Approach
    • Principal Obstacles in Promoting Cryptocurrency Adoption
    • Our Approach
  • Renegade Payment Solutions
    • RenegadePay
    • Unique Selling Proposition
  • The Renegade App
    • User Experience
      • Buy & Sell Crypto
      • Send & Withdraw Crypto
      • Manage the Visa Card
      • Track Crypto
    • Traditional Banking
    • Currency Exchange
    • Security
      • Secure Wallets
      • Two-Factor Authentication (2FA)
      • Biometric Authentication
      • Encryption
      • Suspicious Activity Monitoring
      • Instant Notifications
    • Renegade Wallets
      • Our Offering
      • Custodial
      • Non-custodial
    • Renegade Lend
  • Renegade’s Business Model
    • Renegade Exchange
      • Our Offering
    • User Experience
      • Spot Trading
      • Margin Trading
      • Derivatives Trading
      • Staking Benefits
        • Fixed Stake-and-Earn
        • Flexible Staking
      • Other Features & Promotions
    • Revenue streams
      • Transaction fees
      • Exchange fees
      • Renegade Lend
      • Future revenue streams
  • Visa Card
    • The Renegade Reward System
    • The Renegade Squad
    • Renegade Squad Points (RSP)
      • How To Earn Squad Points
        • Staking RNG
      • How To Use Renegade Squad Points
        • Reward %
        • Reward Cap
        • The Renegade Benefits
    • The Founders Editon
      • Founders Cards
      • Founders NFTs
  • The Renegade Tokenomics
    • Tokenomics
      • Token Information
      • Token Distribution
    • Token Utility
  • Company Background
  • Status Quo Renegade
  • Links
    • Twitter/X
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  1. The Renegade Tokenomics

Token Utility

The Renegade Token (RNG) serves as the fuel for the Renegade ecosystem, offering several utilities:

  1. Staking for Squad Points: Users can stake RNG to earn Renegade Squad Points. The longer they stake, the more points they earn. These points can be used to redeem Reward Boosters.

  2. Fixed and Flexible staking: The Renegade platform will offer its users APY staking. The rewards will be paid in RNG. This staking is also separate to the rewards staking.

  3. Trading & Exchange discounts: Users who stake RNG will receive discounts for exchange services. The longer you stake the better the discount. If a user unstakes the discounts are also lost.

  4. Rewards for Benefits: Each benefit chosen by the user is a €10 reward in RNG. This means that users can earn RNG by choosing benefits from their favourite companies.

  5. Spending Rewards: All the Renegade cards offer a percentage return on the user’s spending. This is then paid out in RNG, allowing users to earn when they spend.

  6. Powering the App: The RNG token powers the Renegade app, enabling users to enjoy the full range of features and services offered by Renegade.

  7. Payment: Users can use RNG as a form of payment within the eco system. For example: If a user decides to pay their monthly squad subscription in RNG, they will receive a discount.

In essence, the RNG token is a crucial component of the Renegade platform, enabling users to earn rewards, access benefits and fully utilise the Renegade app.

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Last updated 1 year ago