The RHT is the base token for the THE PURGATORY project. It is 100% backed by BUSD and increases in value as it moves, burning a maximum of 1% of the current trade volume. Further information can be found in the RHT white paper.
RHT Whitepaper
THE PURGATORY supports the performance of the RHT in different ways.
- All NFTs mined within THE PURGATORY are paid with RHT. As a result, more RHT are mined and traded; the token value increases.
- All stakes in THE PURGATORY are also paid with RHT, i.e. each deposit and withdrawal burns 1% of the respective amount. This also increases the value of the RHT.
- 10% of the minting cost of Common NFTs goes into RHT by burning RHT.
- 1% of total sales from THE PURGATORY mini-games go towards RHT by burning RHT.
These values may change before the GamingApp is launched.
NFTokenomic