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RoboVM Token (RVM) Overview

RoboVM (RVM) is the native BEP-20 token that powers the RoboVM ecosystem.

Token Specifications​

ParameterValue
NameRoboVM
SymbolRVM
TypeBEP-20
Total Supply1,000,000,000 RVM
Decimals18
NetworkBinance Smart Chain (BSC)

Token Functions​

1. Payment for Resources​

A robot pays another robot for access to data:

  • Updated maps
  • GPS coordinates
  • Sensor readings
  • Historical data

Example:

// Robot B pays Robot A for map data
roboToken.transfer(robotA, 5 * 10**18); // 5 RVM

2. Rewards for Completed Tasks​

Smart contract automatically releases tokens to robot that completes a mission.

Example:

// Task reward: 100 RVM
// Upon completion:
roboToken.transfer(robotAddress, 100 * 10**18);

3. Reputation System​

Robots can "stake" tokens to prove trustworthiness in their decisions:

  • Higher stake = higher trust
  • Fraudulent behavior = stake slashing
  • Good performance = stake returned + bonus

4. Governance​

Token holders can vote on:

  • Protocol updates
  • Resource allocation
  • Parameter changes
  • Feature additions

Tokenomics​

Distribution​

Note: The final tokenomics and distribution strategy have not yet been determined. The allocation percentages and distribution mechanisms are still under development.

Total Supply: 1,000,000,000 RVM

Reward Mechanism​

Task Completion:

  • Standard task: 10-100 RVM
  • Complex task: 100-1000 RVM
  • Emergency task: 500-5000 RVM

Staking Rewards:

  • Staked tokens earn interest: 5% APR
  • Paid in RVM tokens

Reputation Bonuses:

  • High reputation robots: +10% reward multiplier
  • Consistent performance: +5% bonus

Use Cases​

For Robot Owners​

  • Earn tokens by completing tasks
  • Build reputation through consistent performance
  • Participate in governance by holding tokens

For Task Creators​

  • Pay robots for services
  • Incentivize specific missions
  • Access robot network capabilities

For the Network​

  • Decentralized coordination without central authority
  • Incentivized participation attracts more robots
  • Self-sustaining economy through token circulation

Token Flow Example​

1. Creator funds task: 100 RVM
   └─> Locked in smart contract

2. Robot A completes task
   └─> Receives 100 RVM

3. Robot A pays Robot B for map data: 10 RVM
   └─> Robot B receives 10 RVM

4. Robot B stakes 50 RVM for reputation
   └─> Locked, earns interest

5. Robot B completes high-value task
   └─> Receives 200 RVM (with reputation bonus)

Integration with Smart Contracts​

Transfer Function​

// Standard ERC-20 transfer
function transfer(address to, uint256 amount) 
    public returns (bool) {
    _transfer(msg.sender, to, amount);
    return true;
}

Approval for Contracts​

// Allow RoboTask contract to spend tokens
roboToken.approve(roboTaskAddress, 1000 * 10**18);

// Contract can now transfer on your behalf
roboTask.createTask("Mission", 100 * 10**18);

Security Considerations​

  • Standard BEP-20 - Well-audited implementation (ERC-20 compatible)
  • OpenZeppelin - Industry-standard library
  • Access controls - Minting restricted
  • Reentrancy protection - Safe transfers

Next: Tokenomics or Smart Contract