RPC Club Product and Economic Model Concept

2024.02.09

RPC Club Product and Economic Model Concept

The RPC Terminal has launched its Alpha test.

2024.02.09 - 03:04:29

Navigating Web3 tides with focused insights

The RPC Terminal has launched its Alpha test.

Hello fellow cat friends, Happy New Year!

Thanks to your suggestions and collective efforts over the past few months, our upgraded product—RPC Terminal—launched its Alpha test yesterday. The first phase has already rolled out the community dashboard, individual profiles for cat members, and interactive modules for registered club members (i.e., Home Cats). All cat friends, be sure to register now!

The community has also launched two initiatives: the Cat Friends Assembly (completing member profile information) and the Home Cat Invitation Campaign (inviting friends who align with RPC’s vision to join the community). For details, please refer to this link.

We envision the RPC Terminal as a hub connecting people (community members), matters (issues and needs), and things (resources and goods), aiming to provide a convenient platform for global Web3 Chinese entrepreneurs and builders to communicate and collaborate. By promoting resource sharing and mutual support among members, we hope to expand the reach and influence of the global Web3 Chinese community. In later stages, the community will gradually roll out additional features including product listings, events, bounty tasks, community calendar, forum, app marketplace, and community map—stay tuned!

After several months of community discussions, we’ve formed a preliminary concept for the RPC community economy. The core elements are as follows:

1. Membership Types

RPC community members consist of three types of cats: Traveling Cats, Mystery Cats, and Home Cats. Every Web3 Chinese individual is welcome to join as a Traveling Cat and participate in activities on the RPC Terminal. When a Traveling Cat resonates with the values of the RPC community, they can purchase an RPC NFT to become a Mystery Cat, gaining deeper access to product features and earning more points, while engaging in richer value-sharing and exchanges with other cat friends. RPC encourages Mystery Cats to complete identity verification and become Home Cats—the official members of the RPC Club—who will co-build the community, enjoy the greatest benefits, and form closer bonds with other Home Cats. Through authentic emotional, identity-based, and social connections, we aim to build an efficient and mutually beneficial Web3 Chinese community.

※ Base point multipliers for completing tasks: Traveling Cats (0.25), Mystery Cats (0.5), Home Cats (1).

※ Only Home Cats can post tasks and bounties.

※ These features are currently under active development—stay tuned, meow…

2. Value Circulation

There are two primary value carriers within the RPC community: MAO Points and MAO NFTs. The MAO NFTs come in two forms—“Cat Tokens” and “Hero Cat Tokens”—representing different levels of value. A portion of these value carriers (excluding peer-to-peer transactions among members) will be recycled back into the community in various forms to give back to contributors. Specific mechanisms will be disclosed in due course and may include gift/NFT airdrops, funding for community-organized offline events, or buybacks of RPC NFTs.

Cat friends can earn MAO Points by completing community tasks on the Terminal or fulfilling bounty requests posted by others. MAO Points symbolize contributions and achievements within the community and can be used to redeem community perks or Cat Tokens, or to post bounty tasks seeking help from fellow cats. When an RPC NFT leaves its current wallet address, all MAO Points associated with that wallet will be reset to zero. As the RPC community evolves, MAO Points may transform into new forms that better facilitate value exchange, unlocking further possibilities for the community.

MAO NFTs can also be used for value exchange between cat friends. Cat Tokens can be upgraded to Hero Cat Tokens by spending MAO Points. Hero Cat Tokens can then be exchanged for RPC NFTs. Traveling Cats can thus end their journey and become Mystery Cats; Mystery Cats and Home Cats can also gift newly acquired RPC NFTs to friends, bringing them into the community and strengthening personal bonds.

The community will soon release detailed information on the required costs for exchanging MAO Points for MAO NFTs, upgrading MAO NFTs, and redeeming MAO NFTs for RPC NFTs. In addition to point redemption, MAO NFTs will also be available through public sales.

We’re offering Mystery Cats and Home Cats early access to experience MAO NFTs. The first batch of MAO NFTs, titled “Cat Token - Fish Snack,” will be minted free of charge soon—stay tuned!

This is also why we’re launching the Home Cat Invitation Campaign before the end of February: all who become Home Cats by the end of February will receive priority access to the “Cat Token - Fish Snack.” Invited new cat friends can choose their preferred cat from the community treasury “Cat House” and complete the onboard process at the special member price. This month’s member price is set at 0.12 ETH, and all proceeds from treasury cat sales will go toward buying back stray cats from the market.

At last, we have our own Terminal and a preliminary community economic model. We’d like to especially thank the founding members of the Cat Committee for their time and dedication:

#4139, Forgiven from Conflux

#3822, Chess from GM Labs

#4184, Suji from Mask Network

#4805, Kevin from Moonshot

#3900, Kathy from Old Fashion Research

#2332, Xiao Mao Ge from Chainfeed and MaoDAO

#2567, KK from Hash Global

The Cat Committee has also established four guiding principles for building the Terminal:

1. Member-Oriented: Community members are the core of the product. Their needs, preferences, and feedback serve as the foundation for continuous improvement and optimization, ensuring members always enjoy the best possible user experience.

2. Feature-Rich: The Terminal will offer diverse functionalities spanning social interaction, content sharing, event organization, and more. Members can freely communicate, share content, participate in various activities, expand their social circles, and gain valuable insights and experiences.

3. Community-Driven: We encourage members to actively participate in community building and operations, becoming integral contributors. Through engagement and contribution, the community will grow more vibrant, dynamic, and enjoyable.

4. Open & Flexible: The product should be open and adaptable, accommodating the diverse needs and preferences of members. We welcome third-party developers to extend and customize the platform.

Fellow cat friends, let’s build this together!

Special thanks to the following RPC community members for their work and support:

#2190, Chasey from RPC Labs

#2668, Alex from RPC Labs

#3328, Dashuo from CreatorDAO

#868, Adam from Ready Player Club

#2319, Amber from EastWestDAO

#2826, Victor from Smart Token Labs

#3496, Yao from Metaforo

#797, Eggy from Social Layer

#4334, Jiang from Social Layer

#1696, Calix from TaxDAO