Understanding Root Network: Any Token Can Serve as Gas, But How Far Are We From Seamless Project Interoperability?
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Understanding Root Network: Any Token Can Serve as Gas, But How Far Are We From Seamless Project Interoperability?
Root Network is designed as a convenient on-ramp for new users entering the new ecosystem.
Navigating Web3 tides with focused insightsWritten by TechFlow
When you think of XRP, what comes to mind first? The SEC lawsuit? Or Web3 payments? Either way, it's hard to associate it with the metaverse.
But what if I told you there’s a metaverse network using XRP as its gas token? Let me introduce you to this network—Root Network.
You may have heard of Futureverse, a metaverse project that combines AI and virtual worlds. The once-popular AI football game ASM Protocol originated from this ecosystem.
Root Network is the L1 blockchain underpinning this entire ecosystem, built on the Ethereum Virtual Machine (EVM) to make it easy for developers to port over dApps.
Root Network is designed as a convenient entry point for new users into this emerging ecosystem.
As we all know, compared to Web2, the overall user experience in Web3 still has significant gaps—especially for newcomers, where poor gas fee experiences are the primary pain point.
Solving Gas-Related Friction
Root Network’s solution is on-chain gas fee swapping, allowing users to pay gas fees using an application’s native token. Developers set up liquidity pools between their native tokens and the network’s gas token, enabling node validators to receive these gas tokens as block rewards.
For example, users bridging from Ethereum to Root Network can use ETH as gas, while those entering through ASM can use ASTO as gas.
Through collaboration with Ripple and XRPL, XRP is the default gas token on Root Network. Beyond serving as gas, XRP is also used for block rewards—a mechanism that indirectly increases demand and value for Root Network’s native token, Root.
Currently, Root Network is actively partnering with other metaverse games and NFT projects, bringing its frictionless gas model to various ecosystems and enhancing user experience when exchanging and using digital assets.
For instance, FLUF World is a standalone NFT collection within Futureverse. On this platform, the Root token serves not only as a security and governance token for the L1 network but also as the primary in-game currency for FLUF World, usable for a variety of purposes including:
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Land rewards
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Game rewards
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Staking to unlock additional game content
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Equipment upgrades
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Pet breeding
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Purchasing new DLCs
ROOT Tokenomics
The total supply of ROOT tokens is 12 billion, distributed across multiple pools:
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20% Community Rewards: Each month, The Root Network hosts ecosystem challenges offering various rewards. The total reward amount each player receives is determined by their FutureScore;
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20% Land Mechanics: This relates to gameplay mechanics in another partnered game, The Third Kingdom. Further details will be released in The Third Kingdom’s upcoming whitepaper;
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10% Ecosystem Development Fund: To incentivize developers, artists, and IP holders to build on the platform;
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10% Block Reward Bootstrap: Validators and stakers will receive up to 10% of tokens as bootstrapping incentives over 260 weeks;
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10% CENNZ Burn to Mine: CENNZ token holders can burn CENNZ on The Root Network to receive ROOT at a 1:1 ratio;
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15% Futureverse Team: Locked for 100 weeks, with a 100-week release period;
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Liquidity providers (LPs) are eligible for up to 5% of tokens;
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5% DAO Treasury: Locked for 50 weeks, with allocation controlled by the DAO;
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5% Advisors: Allocated to core advisors and key IP buyers, locked for 100 weeks with a 100-week release period.
After launch, Root Network plans to distribute 600 million Root tokens to liquidity providers and 600 million to the community over the next five months (with 130 million already released). Of these, 600 million Root will be allocated to the FutureScore pool. According to current rules, 1 FutureScore point yields approximately 120 Root tokens.
Opportunity to Earn Root Tokens by Holding NFTs
In the aforementioned partnered project, FLUF World, 10,000 related NFTs were minted. Since Root tokens have not yet launched, FLUF NFT holders currently earn corresponding points, which can be redeemed for Root tokens in the future according to specific rules.
Currently, the cost of a Fluf NFT is 0.8 ETH, with each Fluf averaging around 75 FutureScore points. Over the next five months, FutureScore is expected to grow from an initial 75 to a maximum of 200. Based on the rate of 1 FutureScore = 120 Root, each NFT holder could potentially earn 120 x 200 = 24,000 Root tokens.
In conclusion, Root Network offers improved interoperability and user experience across different metaverse and gaming projects. Considering the gaming sector is on the verge of explosive growth, focusing on infrastructure that empowers games could be a strategic early move.
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